FARMERS & MERCHANTS TRUST Co OF LONG BEACH Raises Holdings in Walmart Inc. (NYSE:WMT)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of Walmart Inc. (NYSE:WMT) by 193.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,797 shares of the retailer’s stock after buying an additional 13,704 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Walmart were worth $1,251,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Flynn Zito Capital Management LLC boosted its holdings in shares of Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC boosted its holdings in Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after acquiring an additional 62 shares during the period. Bill Few Associates Inc. boosted its holdings in Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after acquiring an additional 64 shares during the period. Rossmore Private Capital boosted its holdings in Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after acquiring an additional 65 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WMT. Raymond James increased their target price on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. TD Cowen increased their target price on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. KeyCorp increased their target price on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Bank of America increased their price objective on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Roth Mkm increased their price objective on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

Insider Activity at Walmart

In related news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders sold a total of 14,525,340 shares of company stock valued at $953,023,399 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.2 %

WMT stock opened at $68.24 on Thursday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a market cap of $548.89 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.50. The business has a 50 day moving average of $64.40 and a 200 day moving average of $59.65.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 2.43 EPS for the current fiscal year.

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.