Trust Co. of Oklahoma Cuts Position in Walmart Inc. (NYSE:WMT)

Trust Co. of Oklahoma reduced its position in shares of Walmart Inc. (NYSE:WMT) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,399 shares of the retailer’s stock after selling 100 shares during the period. Trust Co. of Oklahoma’s holdings in Walmart were worth $1,792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sageworth Trust Co raised its position in Walmart by 2,414.3% in the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Walmart during the fourth quarter worth about $27,000. NewSquare Capital LLC increased its position in 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 acquiring an additional 70 shares during the period. First Command Advisory Services Inc. raised its stake in Walmart by 387.8% during the 1st quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock valued at $29,000 after acquiring an additional 159 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Walmart during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 33.18% of the company’s stock.

Walmart Price Performance

Shares of WMT traded down $1.10 during trading hours on Monday, reaching $163.54. 1,053,318 shares of the company traded hands, compared to its average volume of 5,942,995. The stock has a market capitalization of $440.18 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.90 and a beta of 0.49. The stock has a fifty day simple moving average of $159.34 and a 200 day simple moving average of $152.70. Walmart Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $165.85. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price target on Walmart from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. Robert W. Baird raised their target price on shares of Walmart from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. Royal Bank of Canada boosted their price target on shares of Walmart from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. KeyCorp raised their price objective on shares of Walmart from $175.00 to $177.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. Finally, Citigroup boosted their target price on Walmart from $174.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, August 21st. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.51.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 1,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $161.37, for a total transaction of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares of the company’s stock, valued at approximately $27,390,136.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Jim C. Walton sold 2,149,275 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $153.97, for a total value of $330,923,871.75. Following the completion of the sale, the insider now directly owns 235,440,961 shares in the company, valued at $36,250,844,765.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $161.37, for a total transaction of $161,370.00. Following the transaction, 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. In the last three months, insiders sold 6,493,773 shares of company stock valued at $1,005,802,298. Company insiders own 46.51% of the company’s stock.

Walmart Profile

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.