Peoples Bank OH Sells 381 Shares of Walmart Inc. (NYSE:WMT)

Peoples Bank OH cut its position in shares of Walmart Inc. (NYSE:WMT) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,303 shares of the retailer’s stock after selling 381 shares during the period. Peoples Bank OH’s holdings in Walmart were worth $267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AHL Investment Management Inc. increased its position in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares during the period. Liberty Wealth Management LLC bought a new stake in shares of Walmart during the first quarter valued at approximately $270,000. Commerce Bank increased its position in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Walmart by 189.4% during the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after purchasing an additional 421,366 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 0.3 %

Shares of WMT opened at $83.05 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34. The firm has a market capitalization of $667.58 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. The stock’s fifty day simple moving average is $78.71 and its 200-day simple moving average is $70.08.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Robert W. Baird upped their price target on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. KeyCorp upped their price target on Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Royal Bank of Canada upped their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Buy” and a consensus price target of $83.51.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the transaction, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,295,088 shares of company stock valued at $955,284,831. 45.58% of the stock is currently owned by company insiders.

Walmart Company Profile

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.