Capital City Trust Co. FL Cuts Stake in Walmart Inc. (NYSE:WMT)

Capital City Trust Co. FL decreased its holdings in Walmart Inc. (NYSE:WMTGet Rating) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,981 shares of the retailer’s stock after selling 189 shares during the period. Capital City Trust Co. FL’s holdings in Walmart were worth $3,402,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cordant Inc. purchased a new stake in Walmart during the 1st quarter valued at $25,000. Conrad Siegel Investment Advisors Inc. purchased a new stake in Walmart during the 1st quarter valued at $27,000. Ulland Investment Advisors LLC boosted its position in Walmart by 442.9% during the 1st quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock valued at $28,000 after buying an additional 155 shares during the period. Swaine & Leidel Wealth Services LLC purchased a new stake in Walmart during the 1st quarter valued at $28,000. Finally, Gibson Wealth Advisors LLC purchased a new stake in Walmart during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 31.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WMT. Piper Sandler began coverage on shares of Walmart in a report on Wednesday, August 3rd. They issued a “neutral” rating and a $135.00 price objective for the company. Robert W. Baird upped their price objective on shares of Walmart from $140.00 to $155.00 in a report on Tuesday, August 16th. Stifel Nicolaus upped their price objective on shares of Walmart from $145.00 to $149.00 and gave the stock a “hold” rating in a report on Wednesday, August 17th. UBS Group upped their price objective on shares of Walmart from $152.00 to $158.00 in a report on Wednesday, August 17th. Finally, Cowen decreased their price target on shares of Walmart from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.41.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 931,768 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $140.03, for a total value of $130,475,473.04. Following the sale, the insider now owns 285,607,867 shares in the company, valued at $39,993,669,616.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 931,768 shares of Walmart stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $140.03, for a total transaction of $130,475,473.04. Following the completion of the transaction, the insider now directly owns 285,607,867 shares of the company’s stock, valued at $39,993,669,616.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $127.05, for a total transaction of $1,233,401.40. Following the sale, the chief executive officer now directly owns 1,507,454 shares of the company’s stock, valued at $191,522,030.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,142,416 shares of company stock worth $295,973,941. Insiders own 47.06% of the company’s stock.

Walmart Trading Down 0.5 %

Walmart stock opened at $132.74 on Friday. The stock has a market cap of $360.29 billion, a P/E ratio of 26.62, a PEG ratio of 4.19 and a beta of 0.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.24. Walmart Inc. has a 1 year low of $117.27 and a 1 year high of $160.77. The firm’s 50 day moving average price is $132.60 and its 200-day moving average price is $136.13.

Walmart (NYSE:WMTGet Rating) last released its quarterly earnings data on Tuesday, August 16th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.17. The firm had revenue of $152.86 billion for the quarter, compared to analysts’ expectations of $149.96 billion. Walmart had a net margin of 2.36% and a return on equity of 18.95%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 earnings per share. On average, equities analysts predict that Walmart Inc. will post 5.85 earnings per share for the current fiscal year.

Walmart Company Profile

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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