Commerce Bank Has $75.45 Million Holdings in Walmart Inc. (NYSE:WMT)

Commerce Bank lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 934,302 shares of the retailer’s stock after buying an additional 2,446 shares during the quarter. Commerce Bank’s holdings in Walmart were worth $75,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter valued at about $26,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP bought a new position in Walmart in the third quarter worth approximately $33,000. EntryPoint Capital LLC acquired a new position in shares of Walmart during the first quarter worth approximately $25,000. Finally, TruNorth Capital Management LLC grew its position in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus raised their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Robert W. Baird boosted their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Barclays upped their price target on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart has an average rating of “Buy” and an average price target of $86.98.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents 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 valued at $958,823,647 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $86.60 on Wednesday. The firm has a market capitalization of $696.11 billion, a PE ratio of 45.03, a P/E/G ratio of 4.19 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $81.58 and a two-hundred day moving average price of $73.34. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $88.29.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

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.