Arlington Trust Co LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Arlington Trust Co LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 15.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,219 shares of the retailer’s stock after acquiring an additional 3,306 shares during the period. Walmart accounts for about 0.5% of Arlington Trust Co LLC’s portfolio, making the stock its 27th largest position. Arlington Trust Co LLC’s holdings in Walmart were worth $2,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WMT. Redhawk Wealth Advisors Inc. raised its stake in Walmart by 7.3% during the third quarter. Redhawk Wealth Advisors Inc. now owns 12,538 shares of the retailer’s stock valued at $1,012,000 after purchasing an additional 854 shares in the last quarter. Creative Planning raised its stake in Walmart by 4.9% during the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock valued at $142,973,000 after purchasing an additional 83,376 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its stake in Walmart by 0.7% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 45,765 shares of the retailer’s stock valued at $3,695,000 after purchasing an additional 298 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in Walmart by 5.2% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 17,448 shares of the retailer’s stock valued at $1,409,000 after purchasing an additional 866 shares in the last quarter. Finally, Occidental Asset Management LLC raised its stake in shares of Walmart by 5.0% in the third quarter. Occidental Asset Management LLC now owns 69,085 shares of the retailer’s stock valued at $5,579,000 after acquiring an additional 3,278 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. KeyCorp increased their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Wells Fargo & Company increased their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets increased their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Citigroup increased their target price on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.08.

Walmart Stock Down 0.5 %

Shares of Walmart stock opened at $102.45 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.11. The firm’s 50-day moving average is $94.27 and its two-hundred day moving average is $84.59. The stock has a market cap of $822.98 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 4.25 and a beta of 0.55.

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

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

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.