First County Bank CT Sells 2,244 Shares of Walmart Inc. (NYSE:WMT)

First County Bank CT reduced its position in shares of Walmart Inc. (NYSE:WMT) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,770 shares of the retailer’s stock after selling 2,244 shares during the quarter. First County Bank CT’s holdings in Walmart were worth $973,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gallacher Capital Management LLC acquired a new stake in shares of Walmart in the second quarter valued at approximately $209,000. Koss Olinger Consulting LLC acquired a new stake in Walmart during the 2nd quarter valued at $203,000. Ellis Investment Partners LLC acquired a new position in shares of Walmart in the second quarter valued at $255,000. Legacy Bridge LLC raised its position in shares of Walmart by 0.6% in the second quarter. Legacy Bridge LLC now owns 34,153 shares of the retailer’s stock valued at $2,312,000 after purchasing an additional 215 shares during the period. Finally, Adapt Wealth Advisors LLC acquired a new stake in shares of Walmart during the 2nd quarter worth about $208,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on WMT. Wells Fargo & Company increased their price target on shares of Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Melius Research initiated coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. Evercore ISI increased their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Stock Down 0.5 %

Shares of WMT traded down $0.42 on Tuesday, reaching $91.01. The company’s stock had a trading volume of 6,197,210 shares, compared to its average volume of 11,530,208. The stock has a market capitalization of $731.12 billion, a PE ratio of 37.35, a PEG ratio of 4.47 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $52.23 and a twelve month high of $96.18. The firm has a fifty day moving average of $89.58 and a 200-day moving average of $79.96.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock valued at $12,478,116 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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.