Community Bank & Trust Waco Texas Purchases 80,185 Shares of Walmart Inc. (NYSE:WMT)

Community Bank & Trust Waco Texas boosted its position in Walmart Inc. (NYSE:WMT) by 203.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,645 shares of the retailer’s stock after purchasing an additional 80,185 shares during the period. Walmart makes up approximately 1.8% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 17th biggest holding. Community Bank & Trust Waco Texas’ holdings in Walmart were worth $7,199,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $32,000. Signature Resources Capital Management LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $35,000. Finally, Tidemark LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. UBS Group boosted their price objective on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. TD Cowen boosted their price objective on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Robert W. Baird boosted their price objective on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, Barclays boosted their price objective on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.47.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now owns 390,165 shares in the company, valued at $26,367,350.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock worth $953,023,399 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 2.6 %

NYSE WMT opened at $70.04 on Friday. The company has a market capitalization of $563.37 billion, a PE ratio of 29.97, a P/E/G ratio of 3.93 and a beta of 0.50. The company has a fifty day moving average of $64.93 and a 200 day moving average of $59.90. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $70.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

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