First Midwest Bank Trust Division grew its holdings in shares of Walmart Inc (NYSE:WMT) by 23.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 34,061 shares of the retailer’s stock after purchasing an additional 6,510 shares during the period. First Midwest Bank Trust Division’s holdings in Walmart were worth $3,322,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of WMT. Clarfeld Financial Advisors LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $25,000. C J Advisory Inc bought a new stake in shares of Walmart in the 1st quarter valued at about $29,000. Winch Advisory Services LLC raised its holdings in shares of Walmart by 45.1% in the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after purchasing an additional 107 shares during the period. Financial Gravity Wealth Inc. bought a new stake in shares of Walmart in the 1st quarter valued at about $35,000. Finally, WP Advisors LLC bought a new stake in shares of Walmart in the 1st quarter valued at about $37,000. 29.79% of the stock is currently owned by hedge funds and other institutional investors.
In other Walmart news, insider David Chojnowski sold 2,000 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $97.17, for a total transaction of $194,340.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director S Robson Walton sold 743,824 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $99.02, for a total transaction of $73,653,452.48. Following the sale, the director now directly owns 3,347,379 shares of the company’s stock, valued at approximately $331,457,468.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,674,015 shares of company stock worth $1,172,639,093. Company insiders own 51.11% of the company’s stock.
Shares of NYSE:WMT opened at $108.65 on Friday. Walmart Inc has a 12-month low of $82.37 and a 12-month high of $109.58. The company has a market cap of $308.14 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 4.73 and a beta of 0.36. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The firm had revenue of $122.95 billion for the quarter, compared to analyst estimates of $124.51 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Equities analysts expect that Walmart Inc will post 4.82 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $103.00 target price on shares of Walmart in a report on Wednesday, February 20th. Wolfe Research lowered shares of Walmart from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, May 8th. Deutsche Bank upped their price target on shares of Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. UBS Group upped their price target on shares of Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, Daiwa Capital Markets upgraded shares of Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $108.26.
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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, shoes.com, and samsclub.com; and mobile commerce applications.
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