Country Club Bank Has $34.50 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Country Club Bank trimmed its holdings in Walmart Inc. (NYSE:WMT) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 380,865 shares of the retailer’s stock after selling 1,176 shares during the quarter. Walmart accounts for about 2.3% of Country Club Bank’s holdings, making the stock its 7th biggest holding. Country Club Bank’s holdings in Walmart were worth $34,495,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WMT. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. increased its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the fourth quarter worth $32,000. Finally, Hoese & Co LLP purchased a new position in shares of Walmart in the third quarter worth $33,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of Walmart stock opened at $102.86 on Friday. The stock has a market cap of $826.30 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 4.49 and a beta of 0.55. The firm’s 50-day moving average is $93.67 and its 200 day moving average is $83.82. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $103.02. 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 analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Robert W. Baird lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. KeyCorp lifted their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Bank of America boosted their price objective on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Roth Mkm boosted their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.01.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,177 shares of company stock worth $16,403,728. Company insiders own 45.58% of the company’s stock.

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.