OLD Second National Bank of Aurora reduced its stake in Walmart Inc. (NYSE:WMT – Free Report) by 32.2% during the second quarter, HoldingsChannel.com reports. The firm owned 25,216 shares of the retailer’s stock after selling 11,963 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Walmart were worth $2,466,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in WMT. Operose Advisors LLC boosted its stake in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after purchasing an additional 243 shares in the last quarter. PFS Partners LLC lifted its stake in shares of Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after buying an additional 233 shares in the last quarter. Bear Mountain Capital Inc. lifted its stake in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock worth $32,000 after buying an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock worth $32,000 after buying an additional 294 shares in the last quarter. Finally, Ridgewood Investments LLC lifted its stake in shares of Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after buying an additional 115 shares in the last quarter. 26.76% of the stock is owned by institutional investors.
Walmart Price Performance
Shares of Walmart stock opened at $102.15 on Friday. Walmart Inc. has a one year low of $78.98 and a one year high of $106.11. The stock’s fifty day moving average is $100.77 and its 200 day moving average is $96.61. The stock has a market cap of $814.46 billion, a P/E ratio of 38.40, a P/E/G 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.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on WMT. Erste Group Bank raised Walmart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $118.00 price target on shares of Walmart in a report on Wednesday, September 24th. JPMorgan Chase & Co. lowered their price target on Walmart from $130.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Wolfe Research started coverage on shares of Walmart in a research note on Thursday, September 18th. They set an “outperform” rating and a $129.00 target price on the stock. Finally, Evercore ISI restated an “outperform” rating and set a $110.00 target price (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. Thirty analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $112.38.
Check Out Our Latest Stock Report on Walmart
Insider Activity at Walmart
In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $103.74, for a total transaction of $1,361,587.50. Following the sale, the executive vice president directly owned 906,064 shares in the company, valued at $93,995,079.36. This trade represents a 1.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $101.33, for a total transaction of $222,926.00. Following the sale, the executive vice president owned 621,718 shares in the company, valued at $62,998,684.94. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,232 shares of company stock worth $15,083,877 in the last 90 days. Insiders own 0.10% of the company’s stock.
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.
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