Central Bank & Trust Co. Has $4.37 Million Stock Position in Walmart Inc. $WMT

Central Bank & Trust Co. lifted its stake in shares of Walmart Inc. (NASDAQ:WMTFree Report) by 36.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,420 shares of the retailer’s stock after buying an additional 11,343 shares during the period. Central Bank & Trust Co.’s holdings in Walmart were worth $4,372,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sky Investment Group LLC boosted its stake in shares of Walmart by 0.5% during the third quarter. Sky Investment Group LLC now owns 22,732 shares of the retailer’s stock valued at $2,343,000 after purchasing an additional 120 shares in the last quarter. Breakthru Advisory Services LLC acquired a new position in shares of Walmart in the third quarter valued at approximately $462,000. U.S. Capital Wealth Advisors LLC raised its holdings in Walmart by 0.9% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 295,770 shares of the retailer’s stock valued at $30,482,000 after buying an additional 2,672 shares during the last quarter. Kennebec Savings Bank raised its holdings in Walmart by 0.6% in the 3rd quarter. Kennebec Savings Bank now owns 19,142 shares of the retailer’s stock valued at $1,973,000 after buying an additional 114 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its position in Walmart by 8.9% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 14,806 shares of the retailer’s stock worth $1,526,000 after buying an additional 1,208 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the completion of the sale, the chief executive officer owned 4,373,576 shares of the company’s stock, valued at $451,396,778.96. This trade represents a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Chojnowski sold 7,000 shares of Walmart stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total transaction of $746,550.00. Following the completion of the sale, the senior vice president owned 136,289 shares of the company’s stock, valued at $14,535,221.85. This represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 127,828 shares of company stock valued at $13,745,625 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WMT shares. KeyCorp restated an “overweight” rating and issued a $120.00 price target (up from $110.00) on shares of Walmart in a research report on Friday, November 21st. JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $128.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Wolfe Research assumed coverage on Walmart in a research report on Thursday, September 18th. They set an “outperform” rating and a $129.00 target price for the company. Robert W. Baird lifted their target price on Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Finally, DA Davidson set a $130.00 price target on Walmart and gave the company a “buy” rating in a research note on Friday, November 21st. Thirty-one research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $120.54.

Read Our Latest Stock Report on Walmart

Key Walmart News

Here are the key news stories impacting Walmart this week:

Walmart Stock Performance

Shares of WMT opened at $114.36 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $107.61 and its two-hundred day simple moving average is $102.08. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $117.45. The stock has a market capitalization of $911.47 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 5.28 and a beta of 0.64.

Walmart (NASDAQ:WMTGet Free Report) last announced its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The company had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. During the same period in the previous year, the business earned $0.58 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Company Profile

(Free Report)

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

See Also

Institutional Ownership by Quarter for Walmart (NASDAQ:WMT)

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