Cetera Trust Company N.A Sells 1,700 Shares of Walmart Inc. (NYSE:WMT)

Cetera Trust Company N.A reduced its stake in Walmart Inc. (NYSE:WMT) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 43,127 shares of the retailer’s stock after selling 1,700 shares during the quarter. Walmart makes up 2.1% of Cetera Trust Company N.A’s investment portfolio, making the stock its 5th largest holding. Cetera Trust Company N.A’s holdings in Walmart were worth $3,483,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Investment Advisory Group LLC boosted its holdings in shares of Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares during the period. Professional Financial Advisors LLC raised its holdings in Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after acquiring an additional 137 shares during the period. Inspire Advisors LLC lifted its position in Walmart by 2.1% during the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after acquiring an additional 137 shares during the last quarter. Trust Co of the South boosted its holdings in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after acquiring an additional 138 shares during the period. Finally, LVZ Inc. grew its position in shares of Walmart by 1.9% in the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock valued at $530,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WMT shares. Guggenheim upped their price target on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus boosted their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. UBS Group raised their target price on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Evercore ISI lifted their price target on shares of Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, DA Davidson increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $83.51.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,267,901. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT opened at $82.02 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company’s 50 day simple moving average is $78.42 and its 200-day simple moving average is $69.99. Walmart Inc. has a one year low of $49.85 and a one year high of $82.22. The stock has a market capitalization of $659.73 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company 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%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.44 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.