Walmart Inc. (NYSE:WMT) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 652,475 shares of the retailer's stock after selling 115,059 shares during the period. Walmart makes up approximately 0.9% of UMB Bank n.a.'s holdings, making the stock its 24th biggest holding. UMB Bank n.a.'s holdings in Walmart were worth $58,951,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WMT. Jennison Associates LLC raised its holdings in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the period. FMR LLC raised its holdings in 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. International Assets Investment Management LLC raised its holdings in Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock valued at $562,280,000 after buying an additional 6,885,106 shares during the period. Geode Capital Management LLC raised its holdings in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in 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 buying an additional 2,107,197 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares of the company's stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company's stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,478,149 over the last three months. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on WMT shares. Redburn Atlantic upgraded Walmart to a "strong-buy" rating in a research note on Monday, September 23rd. DZ Bank lowered Walmart from a "buy" rating to a "hold" rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st. Melius Research started coverage on Walmart in a research note on Monday, September 23rd. They issued a "buy" rating and a $95.00 target price on the stock. Robert W. Baird increased their target price on Walmart from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Finally, TD Cowen increased their target price on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.69.

Walmart Stock Up 1.2 %

NYSE WMT traded up $1.11 during trading on Tuesday, hitting $93.05. The company's stock had a trading volume of 23,228,988 shares, compared to its average volume of 15,407,088. 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 company has a market cap of $747.51 billion, a PE ratio of 38.19, a P/E/G ratio of 4.36 and a beta of 0.55. The business's 50 day simple moving average is $91.31 and its 200-day simple moving average is $81.63. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the company earned $0.51 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that Walmart Inc. will post 2.47 EPS 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.