PNC Financial Services Group Inc. grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,898,575 shares of the retailer's stock after acquiring an additional 13,458 shares during the period. PNC Financial Services Group Inc.'s holdings in Walmart were worth $342,256,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of WMT. GAMMA Investing LLC grew its holdings in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after acquiring an additional 7,860,306 shares during the period. Northern Trust Corp grew its holdings in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. APG Asset Management N.V. grew its holdings in Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after acquiring an additional 3,512,368 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Walmart by 48.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock worth $882,282,000 after acquiring an additional 3,182,477 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Walmart by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,917,346 shares of the retailer's stock valued at $2,341,632,000 after buying an additional 2,643,413 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.14, for a total transaction of $380,560.00. Following the completion of the transaction, the executive vice president owned 1,056,455 shares of the company's stock, valued at $100,511,128.70. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,912 shares of company stock worth $13,863,813 in the last three months. Insiders own 45.58% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on WMT shares. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 target price (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, DA Davidson restated a "buy" rating and issued a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.67.
View Our Latest Stock Analysis on WMT
Walmart Trading Up 0.4%
NYSE:WMT opened at $98.40 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $785.27 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 4.72 and a beta of 0.66. The firm's 50 day moving average is $96.86 and its 200 day moving average is $95.03. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.
About Walmart
(
Free Report)
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.
Further Reading
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