Crews Bank & Trust Takes $1.40 Million Position in Walmart Inc. (NYSE:WMT)

Crews Bank & Trust acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,495 shares of the retailer's stock, valued at approximately $1,400,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. FMR LLC boosted its stake in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer's stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Walmart by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer's stock worth $2,522,369,000 after acquiring an additional 350,881 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Chojnowski sold 5,600 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company's stock, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,177 shares of company stock valued at $12,649,328 over the last quarter. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WMT. Truist Financial boosted their target price on Walmart from $89.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Sanford C. Bernstein increased their price objective on Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Bank of America lifted their target price on shares of Walmart from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Telsey Advisory Group increased their price target on shares of Walmart from $92.00 to $100.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Finally, KeyCorp upped their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $95.11.

Walmart Price Performance

Shares of NYSE:WMT opened at $97.97 on Friday. The firm has a market capitalization of $787.00 billion, a PE ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $55.04 and a 1-year high of $99.00. The business's 50 day moving average is $92.91 and its 200-day moving average is $82.90.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

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.

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