Citizens Business Bank Has $4.74 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Citizens Business Bank reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 58,664 shares of the retailer’s stock after selling 776 shares during the quarter. Citizens Business Bank’s holdings in Walmart were worth $4,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in Walmart in the 3rd quarter valued at $26,000. TruNorth Capital Management LLC grew its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the 2nd quarter valued at $29,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter worth about $33,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,243,091 shares of company stock valued at $257,591,179 over the last three months. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of research analyst reports. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research note on Thursday, November 21st. TD Cowen raised their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Truist Financial increased their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $92.27.

Walmart Trading Up 0.8 %

NYSE:WMT opened at $94.57 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The business’s 50-day simple moving average is $85.00 and its 200-day simple moving average is $76.28. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $96.18. The stock has a market capitalization of $759.72 billion, a PE ratio of 38.81, a price-to-earnings-growth ratio of 4.45 and a beta of 0.54.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

About Walmart

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.