St. Louis Trust Co Decreases Holdings in Walmart Inc. (NYSE:WMT)

St. Louis Trust Co lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 18.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the retailer’s stock after selling 3,411 shares during the period. St. Louis Trust Co’s holdings in Walmart were worth $1,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. WFA Asset Management Corp grew its stake in Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after acquiring an additional 1,397 shares in the last quarter. Dupont Capital Management Corp lifted its position in Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after buying an additional 168,346 shares in the last quarter. Empowered Funds LLC boosted its stake in Walmart by 307.1% during the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after buying an additional 120,919 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Walmart by 136.3% in the 1st quarter. Osaic Holdings Inc. now owns 1,751,583 shares of the retailer’s stock valued at $105,384,000 after buying an additional 1,010,327 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its stake in shares of Walmart by 24.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 23,596 shares of the retailer’s stock worth $1,420,000 after acquiring an additional 4,624 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.2 %

Shares of Walmart stock opened at $84.09 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $675.94 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 4.20 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The business’s 50 day simple moving average is $81.43 and its 200-day simple moving average is $73.15.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WMT shares. Tigress Financial raised their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price target on shares of Walmart in a research report on Wednesday, November 13th. Melius Research initiated coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Royal Bank of Canada lifted their target price on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday. Finally, KeyCorp increased their price target on Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $86.71.

About Walmart

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