Park National Corp OH reduced its position in Walmart Inc. (NYSE:WMT – Free Report) by 5.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The company owned 26,395 shares of the retailer’s stock after selling 1,667 shares during the period. Park National Corp OH’s holdings in Walmart were worth $1,787,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. AHL Investment Management Inc. increased its holdings in shares of Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. increased its holdings in Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after acquiring an additional 315 shares in the last quarter. Core Wealth Advisors Inc. increased its holdings in Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in shares of Walmart during the 1st quarter valued at about $270,000. Finally, Commerce Bank increased its holdings in shares of Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.
Walmart price history
Walmart stock opened at $68.70 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market cap of $552.59 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. Walmart Inc. has a twelve-month low of $49.85 and a twelve-month high of $71.33. The company has a 50-day moving average of $68.52 and a 200-day moving average of $62.99.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, May 16. The retailer reported earnings per share of $0.60 for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s quarterly revenue grew by 6.0% year-over-year. During the same period last year, the company generated earnings per share of $0.49. Analysts forecast that Walmart Inc. will report earnings per share of $2.43 for the current year.
Insider transactions at Walmart
In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC’s website. In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction dated Monday, June 10. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The disclosure of this sale can be found here. In the last 90 days, insiders have sold 14,540,863 shares of the company’s stock, valued at $954,455,147. Company insiders own 45.58% of the company’s shares.
Wall Street analysts comment
WMT has been the subject of several analyst reports. HSBC raised their price target on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11. Tigress Financial raised their price target on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23. Morgan Stanley raised their price target on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, May 17. Citigroup raised their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17. Finally, Robert W. Baird increased his price target on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17. Three research analysts have rated the stock with a “hold” rating and 27 have given the company’s stock a “buy” rating. According to MarketBeat, Walmart currently has a consensus rating of “moderate buy” and an average price target of $72.56.
Read our latest research report on Walmart
Walmart Profile
(Free report)
Walmart Inc. operates retail, wholesale, other business and e-commerce businesses worldwide. The company operates through three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores and discount stores under the Walmart and Walmart Neighborhood Market brands; members-only warehouse clubs; e-commerce websites such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other websites; and mobile commerce applications.
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