Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Walmart Inc (NYSE:WMT) by 4.3% in the 1st quarter, Holdings Channel reports. The fund owned 13,365 shares of the retailer’s stock after purchasing an additional 552 shares during the period. Walmart makes up about 0.7% of Patriot Financial Group Insurance Agency LLC’s holdings, making the stock its 24th biggest holding. Patriot Financial Group Insurance Agency LLC’s holdings in Walmart were worth $1,303,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the company. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Walmart by 1.1% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,623 shares of the retailer’s stock worth $939,000 after buying an additional 100 shares during the last quarter. Home Federal Bank of Tennessee raised its stake in Walmart by 1.3% during the first quarter. Home Federal Bank of Tennessee now owns 8,168 shares of the retailer’s stock worth $797,000 after buying an additional 105 shares during the last quarter. Winch Advisory Services LLC raised its stake in Walmart by 45.1% during the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock worth $32,000 after buying an additional 107 shares during the last quarter. Pegasus Asset Management Inc. raised its stake in Walmart by 1.1% during the fourth quarter. Pegasus Asset Management Inc. now owns 9,814 shares of the retailer’s stock worth $914,000 after buying an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC raised its stake in Walmart by 0.4% during the first quarter. Eagle Capital Management LLC now owns 27,397 shares of the retailer’s stock worth $2,672,000 after buying an additional 110 shares during the last quarter. 29.79% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE WMT opened at $108.65 on Friday. The stock has a market cap of $308.14 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 4.73 and a beta of 0.36. Walmart Inc has a 1 year low of $82.37 and a 1 year high of $109.58. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The firm had revenue of $122.95 billion during the quarter, compared to analysts’ expectations of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.14 earnings per share. As a group, research analysts anticipate that Walmart Inc will post 4.82 EPS for the current fiscal year.
In other news, Director S Robson Walton sold 743,824 shares of Walmart stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $99.02, for a total transaction of $73,653,452.48. Following the completion of the transaction, the director now directly owns 3,347,379 shares in the company, valued at $331,457,468.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judith J. Mckenna sold 4,243 shares of Walmart stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $100.19, for a total transaction of $425,106.17. Following the transaction, the executive vice president now owns 225,373 shares of the company’s stock, valued at $22,580,120.87. The disclosure for this sale can be found here. Insiders have sold 11,674,015 shares of company stock valued at $1,172,639,093 over the last quarter. Corporate insiders own 51.11% of the company’s stock.
WMT has been the subject of a number of analyst reports. DZ Bank reissued a “neutral” rating on shares of Walmart in a research note on Tuesday, February 19th. Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Walmart in a report on Tuesday, February 19th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $108.00 price target on shares of Walmart in a report on Wednesday, February 20th. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price target (up from $113.00) on shares of Walmart in a report on Wednesday, February 20th. Finally, KeyCorp raised their price target on shares of Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $108.26.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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