Fort Pitt Capital Group LLC Increases Holdings in Walmart Inc. (NYSE:WMT)

Fort Pitt Capital Group LLC increased its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 164.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,744 shares of the retailer’s stock after buying an additional 5,432 shares during the quarter. Fort Pitt Capital Group LLC’s holdings in Walmart were worth $526,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. Ballentine Partners LLC increased its stake in Walmart by 166.8% during the first quarter. Ballentine Partners LLC now owns 72,564 shares of the retailer’s stock worth $4,366,000 after acquiring an additional 45,363 shares during the last quarter. Royal Fund Management LLC increased its stake in Walmart by 201.6% during the first quarter. Royal Fund Management LLC now owns 95,526 shares of the retailer’s stock worth $5,748,000 after acquiring an additional 63,848 shares during the last quarter. Walker Financial Services Inc. increased its stake in Walmart by 201.1% during the first quarter. Walker Financial Services Inc. now owns 8,818 shares of the retailer’s stock worth $531,000 after acquiring an additional 5,889 shares during the last quarter. Security Financial Services INC. increased its stake in Walmart by 207.4% during the first quarter. Security Financial Services INC. now owns 19,020 shares of the retailer’s stock worth $1,144,000 after acquiring an additional 12,832 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC increased its stake in Walmart by 211.2% during the first quarter. Compton Wealth Advisory Group LLC now owns 30,414 shares of the retailer’s stock worth $1,830,000 after acquiring an additional 20,642 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock traded down $0.10 on Friday, hitting $67.91. The stock had a trading volume of 25,891,526 shares, compared to its average volume of 13,038,200. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $68.55. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a market cap of $546.24 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52. The company’s 50 day moving average price is $63.23 and its 200 day moving average price is $58.80.

Walmart (NYSE:WMTGet Free Report) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the business earned $0.49 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total value of $798,131.25. Following the transaction, the executive vice president now owns 645,517 shares in the company, valued at approximately $39,253,888.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total transaction of $798,131.25. Following the transaction, the executive vice president now owns 645,517 shares in the company, valued at approximately $39,253,888.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $60.45, for a total value of $1,760,545.80. Following the transaction, the chief executive officer now owns 4,047,767 shares in the company, valued at approximately $244,687,515.15. The disclosure for this sale can be found here. Insiders have sold 14,493,971 shares of company stock worth $950,549,592 in the last quarter. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WMT shares. Roth Mkm raised their target price on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Telsey Advisory Group lifted their price objective on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Morgan Stanley lifted their price objective on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Royal Bank of Canada lifted their price objective on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, BMO Capital Markets lifted their price objective on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

Read Our Latest Report on WMT

Walmart Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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