Walmart Inc. (NYSE:WMT) Shares Sold by Missouri Trust & Investment Co

Missouri Trust & Investment Co lowered its position in Walmart Inc. (NYSE:WMT) by 1.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,305 shares of the retailer’s stock after selling 325 shares during the quarter. Missouri Trust & Investment Co’s holdings in Walmart were worth $1,720,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. WFA Asset Management Corp grew its position in Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares during the last quarter. Dupont Capital Management Corp lifted its stake in Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after purchasing an additional 168,346 shares during the last quarter. Empowered Funds LLC lifted its stake in Walmart by 307.1% during the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock valued at $9,645,000 after purchasing an additional 120,919 shares during the last quarter. Wealthspire Advisors LLC lifted its position in shares of Walmart by 149.8% in the 1st quarter. Wealthspire Advisors LLC now owns 73,785 shares of the retailer’s stock valued at $4,440,000 after acquiring an additional 44,244 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Walmart in the 1st quarter worth approximately $1,497,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

WMT traded up $0.66 during midday trading on Tuesday, reaching $84.87. The company had a trading volume of 1,475,597 shares, compared to its average volume of 16,678,973. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market cap of $682.21 billion, a PE ratio of 43.86, a P/E/G ratio of 4.25 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.54. The business has a 50-day moving average price of $80.67 and a two-hundred day moving average price of $72.27.

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

Analyst Ratings Changes

A number of equities analysts recently commented on WMT shares. Roth Mkm increased their price objective on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. TD Cowen raised their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada boosted their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Buy” and an average price target of $84.15.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. Insiders own 45.58% of the company’s stock.

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.