Walmart Inc. (NYSE:WMT) Shares Bought by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. boosted its holdings in Walmart Inc. (NYSE:WMT) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,635 shares of the retailer’s stock after acquiring an additional 180 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Walmart were worth $1,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Walmart by 2.5% in the second quarter. BlackRock Inc. now owns 90,061,853 shares of the retailer’s stock valued at $12,700,522,000 after buying an additional 2,205,438 shares during the period. Franklin Resources Inc. grew its stake in Walmart by 38.0% in the second quarter. Franklin Resources Inc. now owns 7,585,684 shares of the retailer’s stock valued at $1,069,734,000 after purchasing an additional 2,087,795 shares in the last quarter. Renaissance Technologies LLC grew its stake in Walmart by 511.9% in the second quarter. Renaissance Technologies LLC now owns 2,179,600 shares of the retailer’s stock valued at $307,367,000 after purchasing an additional 1,823,400 shares in the last quarter. Bridgewater Associates LP boosted its stake in shares of Walmart by 45.4% during the 2nd quarter. Bridgewater Associates LP now owns 5,222,576 shares of the retailer’s stock worth $736,488,000 after acquiring an additional 1,631,636 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its stake in shares of Walmart by 2,476.2% during the 2nd quarter. Prospera Financial Services Inc now owns 1,612,762 shares of the retailer’s stock worth $7,697,000 after acquiring an additional 1,550,160 shares in the last quarter. 30.38% of the stock is owned by institutional investors.

Shares of NYSE:WMT traded up $0.73 during trading on Thursday, hitting $146.54. 6,025,136 shares of the company were exchanged, compared to its average volume of 8,017,379. The business’s 50 day moving average is $144.23 and its 200-day moving average is $143.33. The company has a market capitalization of $408.63 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 4.28 and a beta of 0.50. The company has a quick ratio of 0.38, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Walmart Inc. has a 1-year low of $126.28 and a 1-year high of $153.66.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 16th. The retailer reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The company had revenue of $140.50 billion during the quarter, compared to the consensus estimate of $134.26 billion. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. As a group, sell-side analysts anticipate that Walmart Inc. will post 6.31 earnings per share for the current year.

A number of equities analysts have recently issued reports on WMT shares. Cowen increased their target price on Walmart from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, August 18th. Morgan Stanley reiterated a “buy” rating and issued a $170.00 price objective on shares of Walmart in a research report on Monday, August 30th. Telsey Advisory Group raised their price target on Walmart from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 18th. The Goldman Sachs Group raised their price target on Walmart from $184.00 to $196.00 and gave the stock a “buy” rating in a research report on Tuesday, October 19th. Finally, Raymond James raised their price objective on Walmart from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and an average target price of $170.20.

In other news, major shareholder Alice L. Walton sold 363,513 shares of the company’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $146.63, for a total transaction of $53,301,911.19. Following the completion of the transaction, the insider now directly owns 10,507,124 shares in the company, valued at $1,540,659,592.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 505,429 shares of the business’s stock in a transaction on Friday, September 17th. The stock was sold at an average price of $145.13, for a total transaction of $73,352,910.77. The disclosure for this sale can be found here. Insiders have sold 5,053,929 shares of company stock valued at $741,184,102 over the last quarter. Company insiders own 48.44% of the company’s stock.

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.

See Also: Management Fee

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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