American National Bank Has $12.19 Million Position in Walmart Inc. (NYSE:WMT)

American National Bank raised its stake in Walmart Inc. (NYSE:WMT) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,556 shares of the retailer’s stock after purchasing an additional 4,433 shares during the quarter. Walmart makes up about 2.1% of American National Bank’s portfolio, making the stock its 10th biggest holding. American National Bank’s holdings in Walmart were worth $12,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Sageworth Trust Co increased its stake in Walmart by 2,414.3% during the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after acquiring an additional 169 shares during the period. Dark Forest Capital Management LP bought a new position in Walmart during the 4th quarter worth $27,000. NewSquare Capital LLC increased its stake 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 purchasing an additional 70 shares during the last quarter. First Command Advisory Services Inc. increased its stake in shares of Walmart by 387.8% in the 1st quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock valued at $29,000 after purchasing an additional 159 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in shares of Walmart in the 1st quarter valued at $29,000. 33.18% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 value of $161,370.00. Following the completion of the transaction, the executive vice president now directly owns 169,735 shares of the company’s stock, valued at $27,390,136.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, 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 value of $161,370.00. Following the transaction, the executive vice president now owns 169,735 shares in the company, valued at $27,390,136.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 473,370 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $155.75, for a total value of $73,727,377.50. Following the completion of the transaction, the insider now owns 241,479,146 shares in the company, valued at approximately $37,610,376,989.50. The disclosure for this sale can be found here. Insiders sold a total of 6,493,773 shares of company stock valued at $1,005,802,298 over the last three months. Corporate insiders own 46.51% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $163.42 on Tuesday. The firm has a market cap of $439.85 billion, a PE ratio of 31.43, a P/E/G ratio of 3.89 and a beta of 0.49. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $159.34 and a 200-day moving average of $152.70. Walmart Inc. has a 12-month low of $128.07 and a 12-month high of $165.85.

Walmart (NYSE:WMT) last released its 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 company had revenue of $161.63 billion during 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%. Walmart’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 6.44 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WMT shares. Tigress Financial lifted their price target on Walmart from $176.00 to $182.00 in a research note on Wednesday, June 7th. Raymond James boosted 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. Jefferies Financial Group boosted their price objective on Walmart from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Truist Financial boosted their price objective on Walmart from $166.00 to $168.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, TD Cowen restated an “outperform” rating and set a $185.00 price objective on shares of Walmart in a research report on Tuesday, September 5th. Four analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.51.

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.