Walmart Inc. (NYSE:WMT) Stock Position Decreased by Citizens Business Bank

Citizens Business Bank reduced its stake in Walmart Inc. (NYSE:WMT) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,664 shares of the retailer’s stock after selling 776 shares during the period. Citizens Business Bank’s holdings in Walmart were worth $4,737,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in WMT. Peterson Financial Group Inc. acquired a new stake in Walmart in the third quarter worth $26,000. TruNorth Capital Management LLC increased its holdings in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the second quarter valued at approximately $29,000. Voisard Asset Management Group Inc. increased its position 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 acquiring an additional 174 shares during the period. Finally, Hoese & Co LLP bought a new stake in shares of Walmart during the third quarter valued at about $33,000. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 359,616 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the transaction, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,243,091 shares of company stock valued at $257,591,179 in the last three months. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $94.57 on Wednesday. The company has a market capitalization of $759.72 billion, a PE ratio of 38.81, a PEG ratio of 4.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company’s 50 day moving average price is $85.00 and its 200 day moving average price is $76.28. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $96.18.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the company posted $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. Research analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. The Goldman Sachs Group lifted their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.27.

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.