Walmart Inc. (NYSE:WMT) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 292,026 shares of the retailer’s stock after selling 11,330 shares during the quarter. Walmart makes up approximately 0.9% of Wesbanco Bank Inc.’s portfolio, making the stock its 21st biggest holding. Wesbanco Bank Inc.’s holdings in Walmart were worth $26,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dakota Community Bank & Trust NA boosted its position in Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares during the period. Kozak & Associates Inc. increased its stake in shares of Walmart by 22.3% during the fourth quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after buying an additional 113 shares during the period. Summit Financial Wealth Advisors LLC raised its holdings in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after acquiring an additional 118 shares in the last quarter. Lowe Wealth Advisors LLC increased its position in shares of Walmart by 13.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock valued at $92,000 after purchasing an additional 121 shares during the last quarter. Finally, Providence Wealth Advisors LLC raised its holdings in shares of Walmart by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,928 shares of company stock valued at $8,978,123 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.6 %

Shares of Walmart stock opened at $93.75 on Friday. The company has a 50-day moving average of $91.62 and a two-hundred day moving average of $81.87. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $753.12 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

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

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. Guggenheim upped their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. KeyCorp raised 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. Citigroup upped their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Evercore ISI upped their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group lifted their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.69.

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.