Field & Main Bank Buys 715 Shares of Walmart Inc. (NYSE:WMT)

Field & Main Bank grew its stake in shares of Walmart Inc. (NYSE:WMT) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,293 shares of the retailer’s stock after purchasing an additional 715 shares during the quarter. Walmart accounts for 2.8% of Field & Main Bank’s investment portfolio, making the stock its 5th biggest position. Field & Main Bank’s holdings in Walmart were worth $4,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of WMT. Kornitzer Capital Management Inc. KS lifted its stake in shares of Walmart by 0.5% in the second quarter. Kornitzer Capital Management Inc. KS now owns 185,562 shares of the retailer’s stock worth $26,168,000 after acquiring an additional 935 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Walmart by 10.0% in the first quarter. Schroder Investment Management Group now owns 353,553 shares of the retailer’s stock worth $48,023,000 after acquiring an additional 32,229 shares in the last quarter. Beacon Pointe Advisors LLC lifted its stake in shares of Walmart by 109.9% in the second quarter. Beacon Pointe Advisors LLC now owns 54,603 shares of the retailer’s stock worth $7,700,000 after acquiring an additional 28,585 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Walmart by 0.4% in the second quarter. Stephens Inc. AR now owns 363,671 shares of the retailer’s stock worth $51,285,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its stake in shares of Walmart by 43.6% in the second quarter. Intact Investment Management Inc. now owns 50,700 shares of the retailer’s stock worth $7,150,000 after acquiring an additional 15,400 shares in the last quarter. Institutional investors own 30.38% of the company’s stock.

Several research analysts recently commented on the company. MKM Partners raised Walmart from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $156.00 to $166.00 in a report on Friday, November 19th. Robert W. Baird boosted their price objective on Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 17th. The Goldman Sachs Group boosted their price objective on Walmart from $184.00 to $196.00 and gave the company a “buy” rating in a report on Tuesday, October 19th. Credit Suisse Group assumed coverage on Walmart in a report on Friday, November 19th. They issued an “outperform” rating and a $166.00 price objective for the company. Finally, Morgan Stanley reissued a “buy” rating and issued a $170.00 price objective on shares of Walmart in a report on Monday, August 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Walmart has an average rating of “Buy” and a consensus price target of $170.20.

In related news, Director S Robson Walton sold 1,000,000 shares of Walmart stock in a transaction dated Thursday, September 9th. The stock was sold at an average price of $146.46, for a total transaction of $146,460,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, September 23rd. The stock was sold at an average price of $143.27, for a total value of $1,390,865.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,053,929 shares of company stock worth $741,184,102. Company insiders own 48.44% of the company’s stock.

Walmart stock traded up $0.73 during mid-day trading on Thursday, hitting $146.54. 6,025,136 shares of the company’s stock traded hands, compared to its average volume of 8,017,379. The company has a quick ratio of 0.38, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Walmart Inc. has a one year low of $126.28 and a one year high of $153.66. The firm has a 50 day moving average price of $144.23 and a 200 day moving average price of $143.33. The company has a market cap of $408.63 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 4.28 and a beta of 0.50.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 16th. The retailer reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The business had revenue of $140.50 billion for the quarter, compared to analysts’ expectations of $134.26 billion. During the same period in the previous year, the business earned $1.34 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 6.31 earnings per share for the current fiscal year.

Walmart Company Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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