MidFirst Bank bought a new position in shares of Walmart Inc. (NASDAQ:WMT – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 86,964 shares of the retailer’s stock, valued at approximately $9,689,000.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Walmart during the 4th quarter worth approximately $6,458,529,000. AQR Capital Management LLC increased its stake in shares of Walmart by 188.1% in the 3rd quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer’s stock valued at $1,199,907,000 after acquiring an additional 7,614,172 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Walmart by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock valued at $11,426,753,000 after acquiring an additional 6,517,394 shares during the period. Capital International Investors acquired a new position in shares of Walmart during the 4th quarter valued at $592,848,000. Finally, Vanguard Group Inc. boosted its stake in Walmart by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock worth $49,015,626,000 after acquiring an additional 4,304,436 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.
Walmart Stock Performance
Shares of WMT stock opened at $117.18 on Friday. Walmart Inc. has a 52-week low of $94.23 and a 52-week high of $135.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The company has a 50-day simple moving average of $124.61 and a two-hundred day simple moving average of $122.04. The company has a market capitalization of $932.53 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 4.37 and a beta of 0.59.
Insider Activity at Walmart
In other Walmart news, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $123.92, for a total transaction of $359,368.00. Following the completion of the transaction, the executive vice president owned 577,853 shares in the company, valued at $71,607,543.76. This trade represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $124.84, for a total transaction of $1,638,525.00. Following the completion of the transaction, the chief executive officer owned 674,162 shares of the company’s stock, valued at $84,162,384.08. This represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 117,246 shares of company stock worth $14,493,147 in the last three months. Corporate insiders own 0.09% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have commented on WMT. KeyCorp restated an “overweight” rating on shares of Walmart in a report on Friday, May 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Walmart in a research report on Friday, May 22nd. HSBC downgraded Walmart from a “buy” rating to a “hold” rating and raised their target price for the company from $122.00 to $131.00 in a research note on Friday, February 20th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research report on Monday, June 8th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $137.00 price target (up from $135.00) on shares of Walmart in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $138.85.
View Our Latest Stock Report on Walmart
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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