First National Bank of Hutchinson Sells 1,907 Shares of Walmart Inc. (NYSE:WMT)

First National Bank of Hutchinson lessened its holdings in Walmart Inc. (NYSE:WMT) by 10.1% during the third quarter, HoldingsChannel reports. The fund owned 16,919 shares of the retailer’s stock after selling 1,907 shares during the quarter. Walmart accounts for about 0.9% of First National Bank of Hutchinson’s investment portfolio, making the stock its 23rd biggest holding. First National Bank of Hutchinson’s holdings in Walmart were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Cherry Creek Investment Advisors Inc. lifted its stake in Walmart by 93.0% during the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 69,058 shares of the retailer’s stock valued at $5,576,000 after acquiring an additional 33,281 shares in the last quarter. Great Lakes Retirement Inc. raised its holdings in shares of Walmart by 3.5% in the third quarter. Great Lakes Retirement Inc. now owns 19,008 shares of the retailer’s stock valued at $1,535,000 after purchasing an additional 642 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after purchasing an additional 6,885,106 shares in the last quarter. Axecap Investments LLC purchased a new position in Walmart during the third quarter worth about $3,443,000. Finally, McAdam LLC boosted its holdings in Walmart by 31.3% during the third quarter. McAdam LLC now owns 11,942 shares of the retailer’s stock worth $964,000 after purchasing an additional 2,844 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.5 %

Shares of WMT stock opened at $83.26 on Thursday. The company has a market capitalization of $669.26 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The business’s fifty day moving average is $78.71 and its 200 day moving average is $70.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the firm posted $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Robert W. Baird lifted their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. KeyCorp upped their price objective on Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Stifel Nicolaus boosted their price target on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $83.51.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,295,088 shares of company stock valued at $955,284,831 in the last quarter. Corporate 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.