Mechanics Bank Trust Department Sells 393 Shares of Walmart Inc. (NYSE:WMT)

Mechanics Bank Trust Department lessened its holdings in Walmart Inc. (NYSE:WMT) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,200 shares of the retailer’s stock after selling 393 shares during the quarter. Mechanics Bank Trust Department’s holdings in Walmart were worth $4,432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WMT. Carl Stuart Investment Advisor Inc. acquired a new position in Walmart in the 1st quarter valued at $4,210,753,000. Sageworth Trust Co grew its stake in Walmart by 2,414.3% during the first quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after buying an additional 169 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in Walmart during the fourth quarter worth about $27,000. NewSquare Capital LLC raised its position in shares of Walmart by 58.3% in the 1st quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock valued at $28,000 after buying an additional 70 shares in the last quarter. Finally, First Command Advisory Services Inc. lifted its holdings in shares of Walmart by 387.8% during the 1st quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock worth $29,000 after acquiring an additional 159 shares during the period. 33.18% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director S Robson Walton sold 1,183,630 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $155.52, for a total value of $184,078,137.60. Following the completion of the sale, the director now directly owns 240,230,516 shares in the company, valued at approximately $37,360,649,848.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director S Robson Walton sold 1,183,630 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $155.52, for a total transaction of $184,078,137.60. Following the transaction, the director now directly owns 240,230,516 shares of the company’s stock, valued at $37,360,649,848.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction on Friday, September 1st. The shares were sold at an average price of $161.37, for a total transaction of $161,370.00. Following the completion of the sale, the executive vice president now directly owns 169,735 shares of the company’s stock, valued at approximately $27,390,136.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,493,773 shares of company stock worth $1,005,802,298. 46.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Walmart from $162.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Raymond James upped their price objective on Walmart from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, August 18th. TD Cowen reiterated an “outperform” rating and issued a $185.00 target price on shares of Walmart in a research report on Tuesday, September 5th. Sanford C. Bernstein increased their target price on shares of Walmart from $159.00 to $165.00 and gave the stock a “market perform” rating in a report on Friday, August 18th. Finally, Jefferies Financial Group raised their price target on shares of Walmart from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $176.51.

Walmart Stock Down 0.4 %

Shares of NYSE:WMT opened at $164.64 on Friday. Walmart Inc. has a 1 year low of $128.07 and a 1 year high of $165.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.26. The business’s 50-day moving average is $159.34 and its 200-day moving average is $152.61. The company has a market capitalization of $443.14 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 3.90 and a beta of 0.49.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. The firm had revenue of $161.63 billion for the quarter, compared to analyst estimates of $160.22 billion. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.77 earnings per share. Equities research analysts predict that Walmart Inc. will post 6.44 earnings per share for the current year.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.