PNC Financial Services Group Inc. Sells 9,294 Shares of Walmart Inc. (NYSE:WMT)

PNC Financial Services Group Inc. decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,963,258 shares of the retailer’s stock after selling 9,294 shares during the period. PNC Financial Services Group Inc.’s holdings in Walmart were worth $320,033,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WMT. CAP Partners LLC increased its stake in Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after purchasing an additional 125 shares in the last quarter. Investment Advisory Group LLC increased its position in shares of Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after buying an additional 126 shares in the last quarter. Jag Capital Management LLC raised its stake in Walmart by 1.4% during the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after buying an additional 132 shares during the period. Professional Financial Advisors LLC lifted its holdings in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after acquiring an additional 137 shares in the last quarter. Finally, Inspire Advisors LLC grew its stake in Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after acquiring an additional 137 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. TD Cowen raised their price target on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Roth Mkm raised their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Evercore ISI upped their price target on shares of Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a report on Monday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Walmart in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group increased their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $86.71.

Insider Activity at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

NYSE WMT opened at $84.09 on Tuesday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.79. The stock has a market cap of $675.94 billion, a PE ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. The firm has a 50-day moving average of $81.43 and a 200-day moving average of $73.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 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.