Cornell Pochily Investment Advisors Inc. grew its position in Walmart Inc. (NYSE:WMT – Free Report) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,702 shares of the retailer’s stock after buying an additional 150 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Walmart were worth $362,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Operose Advisors LLC increased its stake in shares of Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after buying an additional 243 shares during the period. PFS Partners LLC grew its stake in Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after acquiring an additional 233 shares during the period. Bear Mountain Capital Inc. grew its stake in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after acquiring an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its stake in Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after acquiring an additional 294 shares during the period. Finally, Ridgewood Investments LLC grew its stake in Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after acquiring an additional 115 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.
Walmart Stock Performance
WMT opened at $102.15 on Friday. Walmart Inc. has a 52-week low of $78.98 and a 52-week high of $106.11. The firm has a market capitalization of $814.46 billion, a PE ratio of 38.40, a PEG ratio of 4.79 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The business’s 50-day simple moving average is $100.77 and its 200 day simple moving average is $96.61.
Analyst Ratings Changes
WMT has been the subject of several recent research reports. Truist Financial reduced their price objective on Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Bank of America upped their price objective on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Piper Sandler reaffirmed an “overweight” rating and set a $111.00 price objective on shares of Walmart in a research report on Wednesday, September 24th. The Goldman Sachs Group upped their price objective on Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Finally, KeyCorp upped their price objective on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Thirty equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.
Read Our Latest Report on Walmart
Insider Transactions at Walmart
In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $103.83, for a total value of $415,320.00. Following the sale, the executive vice president owned 1,048,455 shares in the company, valued at $108,861,082.65. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total value of $2,003,925.36. Following the completion of the sale, the chief executive officer owned 4,373,576 shares in the company, valued at $451,396,778.96. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,232 shares of company stock valued at $15,083,877. Company insiders own 0.10% of the company’s stock.
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.
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