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

STAR Financial Bank trimmed its stake in Walmart Inc. (NYSE:WMT) by 14.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,804 shares of the retailer’s stock after selling 1,355 shares during the quarter. STAR Financial Bank’s holdings in Walmart were worth $528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AHL Investment Management Inc. grew its stake in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after acquiring an additional 15,785 shares during the period. Core Wealth Advisors Inc. increased its stake in Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares during the last quarter. Liberty Wealth Management LLC acquired a new position in Walmart in the first quarter valued at $270,000. Commerce Bank lifted its position in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. The disclosure for this sale can be found here. Insiders sold a total of 10,513,707 shares of company stock worth $797,374,003 in the last three months. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Royal Bank of Canada increased their target price on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Barclays boosted their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Evercore ISI lifted their price objective on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Stock Performance

Walmart stock opened at $78.80 on Wednesday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $78.90. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a market cap of $633.41 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 3.84 and a beta of 0.51. The stock has a 50 day moving average of $71.86 and a 200-day moving average of $65.76.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.