Pitcairn Co. Has $1.64 Million Stock Position in Walmart Inc. (NYSE:WMT)

Pitcairn Co. boosted its stake in Walmart Inc. (NYSE:WMT) by 215.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,215 shares of the retailer’s stock after acquiring an additional 18,592 shares during the period. Pitcairn Co.’s holdings in Walmart were worth $1,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after buying an additional 18,865,484 shares in the last quarter. Norges Bank bought a new position in shares of Walmart in the fourth quarter valued at approximately $3,674,652,000. Price T Rowe Associates Inc. MD boosted its position in Walmart by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after purchasing an additional 2,150,351 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after purchasing an additional 9,544,958 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold 14,498,614 shares of company stock worth $951,441,747 over the last 90 days. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WMT shares. KeyCorp increased their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Barclays raised their target price on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Bank of America lifted their target price on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Raymond James lifted their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Royal Bank of Canada increased their price target on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.60.

Walmart Trading Down 0.8 %

Shares of Walmart stock traded down $0.58 on Thursday, hitting $70.02. The stock had a trading volume of 18,731,809 shares, compared to its average volume of 17,381,508. The stock has a market cap of $563.21 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 4.07 and a beta of 0.50. 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’s 50-day simple moving average is $67.59 and its two-hundred day simple moving average is $61.57. Walmart Inc. has a one year low of $49.85 and a one year high of $71.33.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. As a group, sell-side analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

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.