Bank of Jackson Hole Trust Invests $1.21 Million in Walmart Inc. (NYSE:WMT)

Bank of Jackson Hole Trust acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,407 shares of the retailer’s stock, valued at approximately $1,211,000. Walmart makes up about 0.8% of Bank of Jackson Hole Trust’s investment portfolio, making the stock its 28th biggest holding.

Other institutional investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter valued at $32,000. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of Walmart stock opened at $103.73 on Wednesday. Walmart Inc. has a 1 year low of $57.60 and a 1 year high of $105.30. The business has a 50-day moving average of $95.38 and a two-hundred day moving average of $86.05. The company has a market capitalization of $833.31 billion, a P/E ratio of 42.57, a price-to-earnings-growth ratio of 4.30 and a beta of 0.55. 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 (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent analyst reports. Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler boosted their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup boosted their price target on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Two research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $101.87.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

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.