Walmart Inc. (NYSE:WMT) Shares Bought by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co grew its holdings in Walmart Inc. (NYSE:WMT) by 22.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,600 shares of the retailer’s stock after buying an additional 3,400 shares during the period. Indiana Trust & Investment Management Co’s holdings in Walmart were worth $1,681,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WMT. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart in the third quarter valued at approximately $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Up 1.1 %

Walmart stock opened at $103.62 on Thursday. The stock has a 50 day moving average of $94.45 and a two-hundred day moving average of $84.82. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $103.90. The stock has a market capitalization of $832.42 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

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

Insider Transactions at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction 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 $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock worth $16,403,728 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Telsey Advisory Group lifted their target price on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley upped their price target on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Roth Mkm lifted their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $98.56.

Walmart 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.