Citizens & Northern Corp Buys 1,925 Shares of Walmart Inc. (NYSE:WMT)

Citizens & Northern Corp increased its stake in shares of Walmart Inc. (NYSE:WMT) by 71.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,613 shares of the retailer’s stock after acquiring an additional 1,925 shares during the quarter. Citizens & Northern Corp’s holdings in Walmart were worth $417,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Swedbank AB raised its stake in Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after buying an additional 18,644 shares during the period. Resonant Capital Advisors LLC raised its position in shares of Walmart by 18.8% during the third quarter. Resonant Capital Advisors LLC now owns 11,824 shares of the retailer’s stock worth $955,000 after purchasing an additional 1,867 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in shares of Walmart by 21.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 25,623 shares of the retailer’s stock worth $2,069,000 after purchasing an additional 4,455 shares in the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of Walmart by 351.1% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 1,218 shares of the retailer’s stock worth $98,000 after purchasing an additional 948 shares in the last quarter. Finally, Violich Capital Management Inc. increased its stake in Walmart by 1.5% during the 3rd quarter. Violich Capital Management Inc. now owns 13,175 shares of the retailer’s stock valued at $1,064,000 after purchasing an additional 200 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock worth $16,403,728 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $104.04 on Tuesday. The firm has a market capitalization of $835.78 billion, a PE ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. 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 company has a 50-day moving average price of $94.99 and a two-hundred day moving average price of $85.56. Walmart Inc. has a twelve month low of $55.99 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Roth Mkm raised their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Piper Sandler upped their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $100.53.

About Walmart

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.