FARMERS & MERCHANTS TRUST Co OF LONG BEACH Acquires 1,184 Shares of Walmart Inc. (NYSE:WMT)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 26.8% in the third quarter, Holdings Channel.com reports. The fund owned 5,605 shares of the retailer’s stock after purchasing an additional 1,184 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Walmart were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Paragon Wealth Strategies LLC bought a new position in Walmart in the 2nd quarter worth $31,000. Atlantic Trust LLC bought a new position in Walmart in the second quarter worth about $40,000. Freedman Financial Associates Inc. raised its stake in Walmart by 40.0% in the second quarter. Freedman Financial Associates Inc. now owns 350 shares of the retailer’s stock worth $49,000 after buying an additional 100 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Walmart during the 2nd quarter valued at approximately $52,000. Finally, Financial Insights Inc. bought a new stake in shares of Walmart during the second quarter valued at approximately $56,000. 30.38% of the stock is owned by institutional investors.

A number of analysts have weighed in on the stock. Credit Suisse Group began coverage on shares of Walmart in a research note on Friday, November 19th. They set an “outperform” rating and a $166.00 price objective for the company. Stifel Nicolaus dropped their price target on shares of Walmart from $160.00 to $155.00 and set a “hold” rating on the stock in a report on Tuesday, November 16th. Evercore ISI reissued a “hold” rating on shares of Walmart in a report on Thursday, August 19th. The Goldman Sachs Group raised their price objective on shares of Walmart from $184.00 to $196.00 and gave the stock a “buy” rating in a report on Tuesday, October 19th. Finally, Wells Fargo & Company raised shares of Walmart from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $165.00 in a report on Thursday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $170.20.

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction on Thursday, September 23rd. The shares were sold at an average price of $143.27, for a total transaction of $1,390,865.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 505,429 shares of Walmart stock in a transaction on Friday, September 17th. The stock was sold at an average price of $145.13, for a total transaction of $73,352,910.77. The disclosure for this sale can be found here. Insiders sold 5,053,929 shares of company stock worth $741,184,102 in the last 90 days. 48.44% of the stock is currently owned by company insiders.

Shares of Walmart stock traded up $0.73 on Thursday, hitting $146.54. 6,025,136 shares of the company traded hands, compared to its average volume of 8,017,379. The stock has a market capitalization of $408.63 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 4.28 and a beta of 0.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.96. Walmart Inc. has a 52 week low of $126.28 and a 52 week high of $153.66. The business has a 50-day simple moving average of $144.23 and a 200 day simple moving average of $143.33.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 16th. The retailer reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $140.50 billion for the quarter, compared to analysts’ expectations of $134.26 billion. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 earnings per share. Research analysts expect that Walmart Inc. will post 6.31 earnings per share for the current year.

Walmart Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

Further Reading: What is a capital gain?

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.