CNB Bank Acquires 85 Shares of Walmart Inc. (NYSE:WMT)

CNB Bank lifted its holdings in Walmart Inc. (NYSE:WMT) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,275 shares of the retailer’s stock after purchasing an additional 85 shares during the period. CNB Bank’s holdings in Walmart were worth $458,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mission Wealth Management LP increased its holdings in Walmart by 13.9% in the 3rd quarter. Mission Wealth Management LP now owns 10,746 shares of the retailer’s stock worth $1,504,000 after acquiring an additional 1,312 shares in the last quarter. AXA increased its holdings in Walmart by 32.0% in the 1st quarter. AXA now owns 341,251 shares of the retailer’s stock worth $38,773,000 after acquiring an additional 82,775 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Walmart by 88.3% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,740 shares of the retailer’s stock worth $567,000 after acquiring an additional 2,223 shares in the last quarter. Gofen & Glossberg LLC IL increased its holdings in Walmart by 24.3% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 33,629 shares of the retailer’s stock worth $4,028,000 after acquiring an additional 6,574 shares in the last quarter. Finally, Bath Savings Trust Co increased its holdings in Walmart by 10.4% in the 2nd quarter. Bath Savings Trust Co now owns 3,482 shares of the retailer’s stock worth $417,000 after acquiring an additional 328 shares in the last quarter. Hedge funds and other institutional investors own 29.34% of the company’s stock.

In other Walmart news, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $129.22, for a total value of $10,983,700.00. Following the transaction, the executive vice president now owns 1,858,073 shares in the company, valued at $240,100,193.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Chojnowski sold 4,605 shares of Walmart stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $134.24, for a total value of $618,175.20. Following the completion of the transaction, the senior vice president now owns 30,620 shares in the company, valued at approximately $4,110,428.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,011,690 shares of company stock worth $138,850,587. Insiders own 50.43% of the company’s stock.

Shares of Walmart stock traded up $0.71 during trading on Tuesday, hitting $142.87. 3,849,368 shares of the stock traded hands, compared to its average volume of 9,459,843. The firm has a market cap of $404.86 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 4.86 and a beta of 0.27. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 52-week low of $102.00 and a 52-week high of $151.33. The stock’s fifty day simple moving average is $140.31 and its 200 day simple moving average is $130.46.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, beating the consensus estimate of $1.25 by $0.31. The firm had revenue of $137.70 billion for the quarter, compared to analyst estimates of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. As a group, equities analysts expect that Walmart Inc. will post 5.35 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of Walmart in a report on Friday, July 24th. Barclays reaffirmed a “buy” rating and set a $140.00 price objective on shares of Walmart in a report on Monday, August 31st. Credit Suisse Group reaffirmed a “buy” rating and set a $135.00 price objective on shares of Walmart in a report on Monday, September 21st. Jefferies Financial Group assumed coverage on shares of Walmart in a report on Friday, October 16th. They set a “buy” rating and a $165.00 price objective for the company. Finally, Telsey Advisory Group increased their price objective on shares of Walmart from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $141.46.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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