Arvest Trust Co. N A Boosts Stake in Walmart Inc. (NYSE:WMT)

Arvest Trust Co. N A grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 200,869 shares of the retailer’s stock after buying an additional 1,153 shares during the quarter. Arvest Trust Co. N A’s holdings in Walmart were worth $13,601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc grew its holdings in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC grew its holdings in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter worth about $29,000. Finally, Able Wealth Management LLC bought a new stake in Walmart during the 4th quarter valued at about $30,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. Evercore ISI upped their target price on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. The Goldman Sachs Group increased their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, KeyCorp lifted their price objective on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

Walmart Price Performance

NYSE:WMT opened at $80.60 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.02. The company has a market cap of $647.88 billion, a PE ratio of 34.49, a P/E/G ratio of 3.99 and a beta of 0.51. The company’s 50 day moving average is $72.73 and its two-hundred day moving average is $66.34.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. Analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the sale, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’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 sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,203,360 shares of company stock valued at $788,678,803. Company insiders own 45.58% of the company’s stock.

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.