1ST Source Bank Grows Stake in Walmart Inc. (NYSE:WMT)

1ST Source Bank boosted its position in shares of Walmart Inc. (NYSE:WMT) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,133 shares of the retailer’s stock after acquiring an additional 998 shares during the quarter. 1ST Source Bank’s holdings in Walmart were worth $5,259,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in shares of Walmart in the 3rd quarter worth approximately $26,000. Cultivar Capital Inc. purchased a new stake in Walmart during the second quarter valued at approximately $29,000. Voisard Asset Management Group Inc. raised its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new position in shares of Walmart during the 3rd quarter worth $33,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart during the 3rd quarter valued at $36,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 359,616 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the transaction, the insider now owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,309,091 shares of company stock worth $183,375,539 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.4 %

WMT traded up $0.40 during trading on Friday, reaching $94.28. The company had a trading volume of 2,460,393 shares, compared to its average volume of 16,858,213. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $85.83 and a 200-day simple moving average of $76.74. The stock has a market cap of $757.39 billion, a P/E ratio of 38.63, a PEG ratio of 4.51 and a beta of 0.54. Walmart Inc. has a 52 week low of $50.51 and a 52 week high of $96.18.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. Melius Research initiated coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. KeyCorp increased their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Two investment 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. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $93.33.

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.