Pennsylvania Trust Co Buys 242,972 Shares of Walmart Inc (WMT)

Pennsylvania Trust Co boosted its stake in Walmart Inc (NYSE:WMT) by 505.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 291,085 shares of the retailer’s stock after buying an additional 242,972 shares during the quarter. Pennsylvania Trust Co’s holdings in Walmart were worth $24,281,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of WMT. Oregon Public Employees Retirement Fund lifted its stake in shares of Walmart by 2,899.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock worth $156,000 after purchasing an additional 14,058,442 shares during the period. FMR LLC lifted its stake in shares of Walmart by 14.6% during the 4th quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock worth $2,233,545,000 after purchasing an additional 3,058,978 shares during the period. Geode Capital Management LLC lifted its stake in shares of Walmart by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after purchasing an additional 1,532,362 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Walmart by 493.9% during the 4th quarter. Acadian Asset Management LLC now owns 1,732,659 shares of the retailer’s stock worth $161,400,000 after purchasing an additional 1,440,922 shares during the period. Finally, Vanguard Group Inc lifted its stake in shares of Walmart by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after purchasing an additional 1,110,593 shares during the period. 28.96% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider John R. Furner sold 10,427 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $101.81, for a total value of $1,061,572.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 1,855,869 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $99.56, for a total value of $184,770,317.64. Following the completion of the sale, the insider now owns 15,557,224 shares of the company’s stock, valued at $1,548,877,221.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,255,221 shares of company stock valued at $1,407,521,976. 51.11% of the stock is owned by insiders.

A number of research analysts have weighed in on WMT shares. Gordon Haskett raised Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target on the stock in a research note on Friday. Bank of America set a $120.00 price target on Walmart and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Barclays reissued a “buy” rating and set a $113.00 price target on shares of Walmart in a research note on Wednesday, February 20th. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Walmart in a research note on Tuesday, February 19th. Finally, BMO Capital Markets reissued a “buy” rating and set a $115.00 price target on shares of Walmart in a research note on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $107.13.

Shares of NYSE WMT opened at $100.86 on Friday. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $106.21. The firm has a market capitalization of $300.12 billion, a P/E ratio of 20.54, a P/E/G ratio of 4.64 and a beta of 0.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The firm had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. During the same period in the prior year, the firm earned $1.14 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts forecast that Walmart Inc will post 4.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 annualized dividend and a yield of 2.10%. Walmart’s dividend payout ratio is currently 43.18%.

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Walmart 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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