CNB Bank Purchases 165 Shares of Walmart Inc (NYSE:WMT)

CNB Bank boosted its stake in Walmart Inc (NYSE:WMT) by 5.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,183 shares of the retailer’s stock after purchasing an additional 165 shares during the quarter. CNB Bank’s holdings in Walmart were worth $310,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Walmart by 23.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 456,170 shares of the retailer’s stock valued at $44,490,000 after purchasing an additional 87,732 shares during the period. Atlas Capital Advisors LLC lifted its position in Walmart by 33.2% during the first quarter. Atlas Capital Advisors LLC now owns 12,318 shares of the retailer’s stock valued at $1,201,000 after buying an additional 3,069 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Walmart by 48.5% during the first quarter. Quadrant Capital Group LLC now owns 7,689 shares of the retailer’s stock valued at $731,000 after buying an additional 2,511 shares in the last quarter. Kavar Capital Partners LLC lifted its position in Walmart by 5.5% during the first quarter. Kavar Capital Partners LLC now owns 2,378 shares of the retailer’s stock valued at $232,000 after buying an additional 125 shares in the last quarter. Finally, Securian Asset Management Inc lifted its position in Walmart by 1.1% during the first quarter. Securian Asset Management Inc now owns 145,755 shares of the retailer’s stock valued at $14,215,000 after buying an additional 1,562 shares in the last quarter. Hedge funds and other institutional investors own 29.79% of the company’s stock.

Shares of NYSE:WMT opened at $107.94 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. The firm has a market capitalization of $304.09 billion, a P/E ratio of 21.98, a P/E/G ratio of 4.65 and a beta of 0.36. Walmart Inc has a 12-month low of $82.37 and a 12-month high of $108.97.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. The business had revenue of $122.95 billion during the quarter, compared to analyst estimates of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Equities research analysts predict that Walmart Inc will post 4.82 earnings per share for the current year.

In other Walmart news, Director S Robson Walton sold 743,824 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $99.02, for a total transaction of $73,653,452.48. Following the completion of the sale, the director now owns 3,347,379 shares in the company, valued at $331,457,468.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,649,023 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.88, for a total transaction of $163,055,394.24. Following the sale, the insider now owns 8,872,375 shares of the company’s stock, valued at approximately $877,300,440. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,674,015 shares of company stock valued at $1,172,639,093. Insiders own 50.22% of the company’s stock.

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Monday. DZ Bank reaffirmed a “neutral” rating on shares of Walmart in a research report on Tuesday, February 19th. Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Walmart in a research report on Tuesday, February 19th. Barclays reaffirmed a “buy” rating and set a $113.00 price target on shares of Walmart in a research report on Wednesday, February 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $108.00 price target on shares of Walmart in a research report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have issued a buy rating to the stock. Walmart presently has an average rating of “Hold” and a consensus target price of $108.26.

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Walmart Company 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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