Nixon Peabody Trust Co. Has $15.83 Million Holdings in Walmart Inc. (NYSE:WMT)

Nixon Peabody Trust Co. raised its holdings in Walmart Inc. (NYSE:WMT) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 196,002 shares of the retailer’s stock after purchasing an additional 1,653 shares during the quarter. Walmart accounts for approximately 1.3% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 29th biggest position. Nixon Peabody Trust Co.’s holdings in Walmart were worth $15,827,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. EntryPoint Capital LLC bought a new position in Walmart in the first quarter valued at about $25,000. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter valued at $26,000. TruNorth Capital Management LLC raised its stake in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in shares of Walmart in the 2nd quarter worth $29,000. Finally, FSA Wealth Management LLC grew its holdings in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Bank of America boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Piper Sandler restated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. UBS Group upped their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $85.18.

Walmart Stock Up 0.2 %

WMT traded up $0.15 during midday trading on Monday, reaching $84.40. The company’s stock had a trading volume of 574,681 shares, compared to its average volume of 16,639,318. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The stock’s 50-day moving average is $81.29 and its 200-day moving average is $72.98. The firm has a market capitalization of $678.43 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 4.20 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. As a group, research analysts expect that Walmart Inc. will post 2.44 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.