Zions Bancorporation National Association UT Purchases New Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Zions Bancorporation National Association UT acquired 13,772 shares of Walmart Inc., valued at approximately $1,209,000, during the first quarter.
• Insider trading reports revealed that executives Kathryn J. Mclay and John R. Furner sold a combined total of 17,125 shares of Walmart stock in July, indicating a slight decrease in their personal holdings.
• Walmart's current stock price is approximately $103.77, with a consensus rating of "Buy" and a target price averaging around $106.67 from analysts.

Zions Bancorporation National Association UT purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,772 shares of the retailer's stock, valued at approximately $1,209,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after acquiring an additional 3,224,154 shares in the last quarter. Northern Trust Corp lifted its holdings in Walmart by 8.9% during the fourth 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 in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Walmart by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock worth $2,696,396,000 after acquiring an additional 233,040 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Walmart by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,917,346 shares of the retailer's stock worth $2,341,632,000 after acquiring an additional 2,643,413 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

NYSE WMT traded up $0.65 during trading on Friday, reaching $103.77. 12,392,140 shares of the company's stock were exchanged, compared to its average volume of 13,978,248. The business has a 50 day moving average price of $97.30 and a 200-day moving average price of $95.39. The stock has a market capitalization of $828.13 billion, a P/E ratio of 44.35, a PEG ratio of 4.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a fifty-two week low of $67.14 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Truist Financial boosted their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. DA Davidson restated a "buy" rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Finally, Robert W. Baird boosted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of "Buy" and a consensus target price of $106.67.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $98.30, for a total transaction of $216,260.00. Following the completion of the sale, the executive vice president owned 626,118 shares in the company, valued at $61,547,399.40. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the sale, the executive vice president owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,112 shares of company stock valued at $14,080,073. Insiders own 0.10% of the company's stock.

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.