BancFirst Trust & Investment Management Raises Stake in Walmart Inc. (NYSE:WMT)

BancFirst Trust & Investment Management raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,961 shares of the retailer’s stock after purchasing an additional 1,200 shares during the period. Walmart accounts for 0.4% of BancFirst Trust & Investment Management’s portfolio, making the stock its 19th largest position. BancFirst Trust & Investment Management’s holdings in Walmart were worth $812,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Summit Financial Wealth Advisors LLC increased its holdings in shares of Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after acquiring an additional 118 shares in the last quarter. Providence Wealth Advisors LLC raised its holdings in Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after buying an additional 122 shares during the last quarter. 3Chopt Investment Partners LLC lifted its stake in shares of Walmart by 0.4% in the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after buying an additional 124 shares in the last quarter. CAP Partners LLC grew its holdings in shares of Walmart by 2.1% during the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after buying an additional 125 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its position in Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Piper Sandler boosted their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Guggenheim increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, TD Cowen boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 over the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.5 %

WMT traded down $0.47 on Thursday, hitting $89.88. The company had a trading volume of 4,742,662 shares, compared to its average volume of 16,991,166. The business’s fifty day simple moving average is $89.11 and its 200 day simple moving average is $79.40. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $51.87 and a 12-month high of $96.18. The company has a market cap of $722.04 billion, a PE ratio of 36.89, a PEG ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Walmart 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.