Eastern Bank Has $121.43 Million Stock Position in Walmart Inc. (NYSE:WMT)

Eastern Bank trimmed its stake in Walmart Inc. (NYSE:WMTFree Report) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,343,940 shares of the retailer’s stock after selling 2,957 shares during the period. Walmart accounts for 2.3% of Eastern Bank’s portfolio, making the stock its 8th largest position. Eastern Bank’s holdings in Walmart were worth $121,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in WMT. William Blair Investment Management LLC raised its position in shares of Walmart by 307.8% in the 2nd quarter. William Blair Investment Management LLC now owns 202,506 shares of the retailer’s stock worth $13,712,000 after acquiring an additional 152,845 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in Walmart during the 2nd quarter worth $167,000. Bcwm LLC grew its stake in Walmart by 1.2% during the 2nd quarter. Bcwm LLC now owns 127,842 shares of the retailer’s stock worth $8,656,000 after buying an additional 1,544 shares during the last quarter. Black Diamond Financial LLC purchased a new position in Walmart during the 2nd quarter worth $237,000. Finally, Wealth Dimensions Group Ltd. grew its stake in Walmart by 3.0% during the 2nd quarter. Wealth Dimensions Group Ltd. now owns 7,520 shares of the retailer’s stock worth $509,000 after buying an additional 222 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Roth Mkm boosted their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Thursday, November 21st. Finally, Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.08.

Check Out Our Latest Analysis on Walmart

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,347 shares of company stock valued at $12,311,491. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

NYSE WMT opened at $91.39 on Tuesday. The stock has a 50-day moving average of $90.56 and a 200 day moving average of $80.80. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The stock has a market capitalization of $734.17 billion, a price-to-earnings ratio of 37.51, 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 (NYSE:WMTGet Free Report) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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