WASHINGTON TRUST Co Has $7.60 Million Stake in Walmart Inc (WMT)
WASHINGTON TRUST Co lessened its position in Walmart Inc (NYSE:WMT) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,935 shares of the retailer’s stock after selling 4,669 shares during the quarter. WASHINGTON TRUST Co’s holdings in Walmart were worth $7,601,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its holdings in Walmart by 4.3% during the 3rd quarter. Trust Co. of Vermont now owns 12,455 shares of the retailer’s stock valued at $1,170,000 after buying an additional 515 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in Walmart by 3.4% during the 3rd quarter. Sterling Investment Advisors Ltd. now owns 16,567 shares of the retailer’s stock valued at $1,556,000 after buying an additional 538 shares in the last quarter. Financial Advantage Inc. lifted its holdings in Walmart by 0.7% during the 3rd quarter. Financial Advantage Inc. now owns 80,509 shares of the retailer’s stock valued at $7,561,000 after buying an additional 546 shares in the last quarter. Crossvault Capital Management LLC lifted its holdings in Walmart by 2.3% during the 3rd quarter. Crossvault Capital Management LLC now owns 24,790 shares of the retailer’s stock valued at $2,328,000 after buying an additional 550 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in Walmart by 1.7% during the 3rd quarter. Bahl & Gaynor Inc. now owns 34,323 shares of the retailer’s stock valued at $3,223,000 after buying an additional 559 shares in the last quarter. Hedge funds and other institutional investors own 29.18% of the company’s stock.
NYSE WMT opened at $93.19 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22. The company has a market cap of $280.74 billion, a P/E ratio of 21.08, a PEG ratio of 3.86 and a beta of 0.32. Walmart Inc has a 52 week low of $81.78 and a 52 week high of $109.98.
In related news, major shareholder Alice L. Walton sold 1,030,640 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $96.65, for a total transaction of $99,611,356.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $652,250,257. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director S Robson Walton sold 600,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $96.92, for a total transaction of $58,152,000.00. Following the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $324,415,857.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,891,107 shares of company stock valued at $1,236,447,886. 51.11% of the stock is currently owned by company insiders.
WMT has been the subject of a number of research analyst reports. Goldman Sachs Group reiterated a “neutral” rating and set a $100.00 price objective on shares of Walmart in a report on Wednesday, October 17th. JPMorgan Chase & Co. lifted their price objective on shares of Walmart to $108.00 and gave the company a “neutral” rating in a report on Monday, October 8th. Credit Suisse Group set a $103.00 price target on shares of Walmart and gave the company a “hold” rating in a report on Thursday, November 15th. MKM Partners reduced their price target on shares of Walmart from $107.00 to $105.00 in a report on Monday, October 22nd. Finally, UBS Group boosted their price target on shares of Walmart from $93.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Walmart currently has a consensus rating of “Hold” and an average target price of $104.04.
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Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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