Montecito Bank & Trust Sells 190 Shares of Walmart Inc (NYSE:WMT)

Montecito Bank & Trust cut its holdings in Walmart Inc (NYSE:WMT) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,887 shares of the retailer’s stock after selling 190 shares during the quarter. Montecito Bank & Trust’s holdings in Walmart were worth $1,767,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WMT. Krane Funds Advisors LLC bought a new position in Walmart in the 2nd quarter worth $26,000. AllSquare Wealth Management LLC raised its holdings in Walmart by 235.3% in the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after purchasing an additional 200 shares during the period. Mcmillion Capital Management Inc. bought a new position in Walmart in the 2nd quarter worth $34,000. Litman Gregory Asset Management LLC bought a new position in Walmart in the 2nd quarter worth $37,000. Finally, MRA Associates USA LLC bought a new position in Walmart in the 2nd quarter worth $37,000. 30.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of Walmart stock opened at $119.14 on Friday. The firm has a market cap of $340.86 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 5.15 and a beta of 0.40. The business has a 50-day moving average price of $117.31 and a 200-day moving average price of $109.32. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $120.71.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share. On average, equities analysts expect that Walmart Inc will post 4.92 EPS for the current fiscal year.

In related news, insider John R. Furner sold 7,900 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Chojnowski sold 3,680 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. Company insiders own 51.11% of the company’s stock.

A number of brokerages recently commented on WMT. UBS Group set a $115.00 target price on Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Goldman Sachs Group set a $123.00 target price on Walmart and gave the stock a “buy” rating in a report on Thursday, August 15th. Credit Suisse Group set a $105.00 target price on Walmart and gave the stock a “hold” rating in a report on Thursday, August 15th. Raymond James increased their price target on Walmart from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, KeyCorp increased their price target on Walmart from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $116.09.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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