Parkside Financial Bank & Trust Increases Position in Walmart Inc (NYSE:WMT)

Parkside Financial Bank & Trust lifted its holdings in shares of Walmart Inc (NYSE:WMT) by 6.3% during the third quarter, Holdings Channel reports. The fund owned 12,762 shares of the retailer’s stock after purchasing an additional 754 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Walmart were worth $1,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BerganKDV Wealth Management LLC boosted its stake in Walmart by 6.1% in the second quarter. BerganKDV Wealth Management LLC now owns 18,298 shares of the retailer’s stock valued at $2,022,000 after acquiring an additional 1,059 shares during the period. Centric Wealth Management raised its holdings in shares of Walmart by 6.6% during the second quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock valued at $577,000 after buying an additional 322 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in shares of Walmart by 35.0% during the second quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock valued at $1,591,000 after buying an additional 3,733 shares during the last quarter. Charter Trust Co. raised its holdings in shares of Walmart by 0.7% during the second quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock valued at $4,967,000 after buying an additional 301 shares during the last quarter. Finally, Outlook Wealth Advisors LLC bought a new stake in shares of Walmart during the second quarter valued at approximately $238,000. 30.15% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted their price target on Walmart from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Credit Suisse Group set a $105.00 price target on Walmart and gave the company a “hold” rating in a report on Thursday, August 15th. BMO Capital Markets lifted their price target on Walmart to $125.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Morgan Stanley lifted their price target on Walmart from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Nomura assumed coverage on Walmart in a report on Friday. They set a “buy” rating and a $132.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $118.41.

In related news, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. 51.11% of the stock is owned by insiders.

NYSE:WMT traded down $0.79 during midday trading on Friday, hitting $119.44. 3,761,572 shares of the stock were exchanged, compared to its average volume of 6,160,737. Walmart Inc has a one year low of $85.78 and a one year high of $120.92. The company has a market capitalization of $338.07 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 5.11 and a beta of 0.39. The business has a 50-day moving average price of $118.56 and a two-hundred day moving average price of $111.26. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same quarter in the previous year, the company earned $1.29 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts forecast that Walmart Inc will post 4.92 EPS for the current fiscal year.

Walmart Profile

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.

Further Reading: FAANG Stocks

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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