Rockland Trust Co. Sells 15,868 Shares of Walmart Inc. (NYSE:WMT)

Rockland Trust Co. lowered its position in shares of Walmart Inc. (NYSE:WMT) by 11.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,775 shares of the retailer’s stock after selling 15,868 shares during the quarter. Rockland Trust Co.’s holdings in Walmart were worth $9,753,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WMT. Syverson Strege & Co boosted its holdings in Walmart by 2.6% in the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after purchasing an additional 85 shares during the period. Pin Oak Investment Advisors Inc. boosted its stake in shares of Walmart by 1.6% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after buying an additional 100 shares during the period. Pinnacle Holdings LLC grew its position in Walmart by 0.9% during the fourth quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock worth $1,822,000 after buying an additional 108 shares in the last quarter. Trust Co of the South grew its position in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares in the last quarter. Finally, Power Corp of Canada increased its stake in Walmart by 0.5% during the 4th quarter. Power Corp of Canada now owns 30,005 shares of the retailer’s stock worth $4,730,000 after acquiring an additional 139 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Insiders sold a total of 12,337,670 shares of company stock worth $958,267,937 over the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Walmart stock opened at $80.43 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $646.52 billion, a PE ratio of 34.42, a PEG ratio of 4.03 and a beta of 0.51. The firm’s fifty day moving average is $75.26 and its 200 day moving average is $68.03. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.60.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMT. JPMorgan Chase & Co. upped their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. UBS Group upped their price objective on shares of Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. HSBC raised their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Telsey Advisory Group raised their price objective on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Oppenheimer boosted their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $81.62.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.