Walmart Inc. (NYSE:WMT) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,356 shares of the retailer’s stock after selling 10,370 shares during the quarter. Walmart comprises approximately 0.8% of Wesbanco Bank Inc.’s investment portfolio, making the stock its 26th largest holding. Wesbanco Bank Inc.’s holdings in Walmart were worth $24,496,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new stake in Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc boosted its position in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. TruNorth Capital Management LLC boosted its position in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart in the 2nd quarter worth approximately $29,000. Finally, FSA Wealth Management LLC boosted its position in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $80.33 on Tuesday. The business has a 50-day moving average of $76.80 and a 200 day moving average of $69.07. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. The stock has a market capitalization of $646.14 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at $277,589,163.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the 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 sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,335,272 shares of company stock valued at $958,101,276. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on WMT. Morgan Stanley upped their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Guggenheim upped their price objective on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. KeyCorp upped their price objective on Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group upped their target price on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Citigroup upped their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $82.96.

Walmart 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.