Trust Co of Kansas Boosts Stake in Walmart Inc. (NYSE:WMT)

Trust Co of Kansas increased its position in shares of Walmart Inc. (NYSE:WMT) by 5.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,734 shares of the retailer’s stock after buying an additional 264 shares during the quarter. Trust Co of Kansas’ holdings in Walmart were worth $428,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. InTrack Investment Management Inc increased its stake in Walmart by 85.3% in the fourth quarter. InTrack Investment Management Inc now owns 12,610 shares of the retailer’s stock valued at $1,145,000 after purchasing an additional 5,804 shares during the period. Dominguez Wealth Management Solutions Inc. grew its holdings in shares of Walmart by 13.3% during the fourth quarter. Dominguez Wealth Management Solutions Inc. now owns 6,386 shares of the retailer’s stock worth $577,000 after buying an additional 750 shares during the last quarter. Lake Street Private Wealth LLC increased its position in Walmart by 15.1% in the 4th quarter. Lake Street Private Wealth LLC now owns 12,421 shares of the retailer’s stock valued at $1,122,000 after acquiring an additional 1,628 shares during the period. Selective Wealth Management Inc. raised its stake in Walmart by 7.5% during the 4th quarter. Selective Wealth Management Inc. now owns 10,277 shares of the retailer’s stock valued at $933,000 after acquiring an additional 713 shares during the last quarter. Finally, Dakota Community Bank & Trust NA lifted its position in Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 0.8 %

Shares of WMT opened at $92.02 on Friday. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The company has a market capitalization of $739.19 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The stock has a fifty day moving average of $91.15 and a two-hundred day moving average of $81.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last released its 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 return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,478,149. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WMT. Jefferies Financial Group boosted their target price on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Oppenheimer upped their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Piper Sandler lifted their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Tigress Financial increased their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two investment 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.49.

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.