Walmart Inc. (NYSE:WMT) Shares Bought by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in Walmart Inc. (NYSE:WMT) by 26.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,605 shares of the retailer’s stock after purchasing an additional 1,184 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Walmart were worth $781,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Private Portfolio Partners LLC increased its stake in shares of Walmart by 2.0% in the second quarter. Private Portfolio Partners LLC now owns 3,577 shares of the retailer’s stock worth $504,000 after purchasing an additional 70 shares during the period. Wimmer Associates 1 LLC increased its stake in shares of Walmart by 1.8% in the second quarter. Wimmer Associates 1 LLC now owns 4,024 shares of the retailer’s stock worth $567,000 after purchasing an additional 70 shares during the period. Fort Point Capital Partners LLC increased its stake in Walmart by 2.9% during the second quarter. Fort Point Capital Partners LLC now owns 2,499 shares of the retailer’s stock valued at $352,000 after acquiring an additional 71 shares during the period. GYL Financial Synergies LLC increased its stake in Walmart by 1.2% during the second quarter. GYL Financial Synergies LLC now owns 6,222 shares of the retailer’s stock valued at $877,000 after acquiring an additional 74 shares during the period. Finally, Grimes & Company Inc. increased its stake in Walmart by 2.0% during the second quarter. Grimes & Company Inc. now owns 3,849 shares of the retailer’s stock valued at $543,000 after acquiring an additional 74 shares during the period. 30.38% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on WMT shares. DA Davidson restated a “buy” rating on shares of Walmart in a research note on Wednesday, August 18th. Raymond James lifted their price objective on Walmart from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, August 18th. Stephens lifted their price objective on Walmart from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, August 13th. Morgan Stanley reaffirmed a “buy” rating and set a $170.00 price objective on shares of Walmart in a report on Monday, August 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $185.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $170.20.

In other Walmart news, major shareholder Jim C. Walton sold 307,927 shares of the business’s stock in a transaction that occurred on Monday, September 20th. The stock was sold at an average price of $142.51, for a total transaction of $43,882,676.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction that occurred on Thursday, September 23rd. The shares were sold at an average price of $143.27, for a total value of $1,390,865.16. The disclosure for this sale can be found here. Insiders have sold a total of 5,053,929 shares of company stock worth $741,184,102 over the last ninety days. Company insiders own 48.44% of the company’s stock.

Walmart stock traded up $0.73 during mid-day trading on Thursday, reaching $146.54. 6,025,136 shares of the company were exchanged, compared to its average volume of 8,017,379. The company has a fifty day simple moving average of $144.23 and a 200-day simple moving average of $143.33. Walmart Inc. has a 12 month low of $126.28 and a 12 month high of $153.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.38. The firm has a market cap of $408.63 billion, a PE ratio of 41.28, a PEG ratio of 4.28 and a beta of 0.50.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 16th. The retailer reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The company had revenue of $140.50 billion for the quarter, compared to analyst estimates of $134.26 billion. During the same quarter last year, the company posted $1.34 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 6.31 earnings per share for the current year.

About Walmart

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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