Community Bank of Raymore Makes New Investment in Walmart Inc. (NYSE:WMT)

Community Bank of Raymore acquired a new position in Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,646 shares of the retailer’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. Vanguard Group Inc. lifted its holdings in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Walmart by 16.0% during the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after purchasing an additional 2,246,656 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after purchasing an additional 834,005 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,267,901 in the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Down 0.5 %

WMT opened at $81.22 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82. The firm’s fifty day moving average is $77.37 and its 200 day moving average is $69.31. The stock has a market cap of $652.87 billion, a price-to-earnings ratio of 42.23, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on WMT. Bank of America lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer raised their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday. Barclays raised their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Telsey Advisory Group raised their price target on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $82.96.

Walmart 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.