Wesbanco Bank Inc. reduced its position in Walmart Inc. (NASDAQ:WMT – Free Report) by 6.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 297,827 shares of the retailer’s stock after selling 21,353 shares during the quarter. Walmart comprises about 1.0% of Wesbanco Bank Inc.’s portfolio, making the stock its 15th largest holding. Wesbanco Bank Inc.’s holdings in Walmart were worth $37,014,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vise Technologies Inc. lifted its position in shares of Walmart by 42.1% during the 4th quarter. Vise Technologies Inc. now owns 275,341 shares of the retailer’s stock worth $30,676,000 after buying an additional 81,635 shares during the last quarter. Van ECK Associates Corp raised its stake in Walmart by 2.9% during the third quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer’s stock worth $104,182,000 after acquiring an additional 28,026 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Walmart in the fourth quarter worth about $40,855,000. Vantus Wealth LLC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $1,087,000. Finally, Winning Points Advisors LLC bought a new stake in shares of Walmart during the 4th quarter valued at approximately $1,761,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Walmart Stock Performance
NASDAQ WMT opened at $115.69 on Monday. The business’s 50-day moving average price is $123.74 and its two-hundred day moving average price is $122.23. Walmart Inc. has a 12 month low of $94.23 and a 12 month high of $135.15. The firm has a market capitalization of $920.67 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 4.31 and a beta of 0.60. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. TD Cowen reiterated a “buy” rating and set a $150.00 price objective (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Piper Sandler reaffirmed an “overweight” rating on shares of Walmart in a research note on Monday, June 8th. UBS Group set a $141.00 price target on shares of Walmart and gave the stock a “buy” rating in a report on Friday, May 22nd. Freedom Capital upgraded Walmart from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Raymond James Financial reissued an “outperform” rating and set a $135.00 price objective on shares of Walmart in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $138.85.
View Our Latest Stock Report on WMT
More Walmart News
Here are the key news stories impacting Walmart this week:
- Positive Sentiment: Analysts said Walmart’s reported deal for Vibe.co strengthens its advertising strategy and could support long-term revenue growth, helping investors see the company as more than just a low-margin retailer. Prediction: Walmart Will Rejoin the $1 Trillion Club by 2027. Here’s Why It’s a Great Buy Now.
- Positive Sentiment: Walmart is expanding Shapermint into 1,600 more stores nationwide, adding another growth initiative outside core grocery sales and reinforcing its push into higher-margin apparel and lifestyle categories. Walmart (WMT) Expands Shapermint Into 1,600 More Stores Nationwide
- Positive Sentiment: Coverage highlighting Walmart’s long-term scale and growth prospects suggests the stock remains attractive for investors who believe its advertising, marketplace, and omnichannel businesses can expand profits over time. Walmart vs. Target: Which Stock Offers Better Long-Term Value?
- Neutral Sentiment: Several articles compared Walmart with rivals like Target and Amazon, reflecting investor focus on competitive positioning rather than a clear new catalyst for earnings. Walmart Wants to Turn the Living Room Into a Storefront
- Neutral Sentiment: Reports that Amazon has surpassed Walmart as the largest U.S. retailer by GMV and commentary that Walmart has fallen out of the $1 trillion club may weigh on sentiment, but these were framed more as strategic context than immediate fundamental damage. Amazon Unseats Walmart as Top US Retailer
Insider Buying and Selling at Walmart
In other news, EVP David W. Guggina sold 11,978 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the sale, the executive vice president directly owned 125,067 shares of the company’s stock, valued at approximately $14,985,527.94. This represents a 8.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the sale, the executive vice president owned 120,203 shares of the company’s stock, valued at approximately $14,300,550.91. This trade represents a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 100,730 shares of company stock worth $12,444,624. Company insiders own 0.09% of the company’s stock.
Walmart Profile
Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.
The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.
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