Walmart Inc. (NYSE:WMT) Shares Purchased by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,243 shares of the retailer’s stock after buying an additional 330 shares during the period. Fidelity D & D Bancorp Inc.’s holdings in Walmart were worth $504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Geode Capital Management LLC raised its holdings in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares in the last quarter. FMR LLC increased its holdings in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock traded down $0.01 during midday trading on Friday, reaching $93.87. 945,278 shares of the company traded hands, compared to its average volume of 16,851,256. The firm’s 50 day simple moving average is $85.83 and its two-hundred day simple moving average is $76.74. The firm has a market cap of $754.09 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 4.51 and a beta of 0.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $50.51 and a 1-year high of $96.18.

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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. Walmart’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group upped their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Barclays boosted their price target on shares of Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. KeyCorp raised their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.33.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the sale, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,309,091 shares of company stock valued at $183,375,539. Insiders own 45.58% of the company’s stock.

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.