Wedgewood Investors Inc. PA decreased its position in Walmart Inc (NYSE:WMT) by 21.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,510 shares of the retailer’s stock after selling 677 shares during the quarter. Wedgewood Investors Inc. PA’s holdings in Walmart were worth $245,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital Investment Counsel Inc lifted its holdings in shares of Walmart by 0.9% during the first quarter. Capital Investment Counsel Inc now owns 106,198 shares of the retailer’s stock valued at $10,358,000 after purchasing an additional 968 shares during the last quarter. CNB Bank lifted its holdings in shares of Walmart by 5.5% during the first quarter. CNB Bank now owns 3,183 shares of the retailer’s stock valued at $310,000 after purchasing an additional 165 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Walmart by 23.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 456,170 shares of the retailer’s stock valued at $44,490,000 after purchasing an additional 87,732 shares during the last quarter. Atlas Capital Advisors LLC lifted its holdings in shares of Walmart by 33.2% during the first quarter. Atlas Capital Advisors LLC now owns 12,318 shares of the retailer’s stock valued at $1,201,000 after purchasing an additional 3,069 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Walmart by 48.5% during the first quarter. Quadrant Capital Group LLC now owns 7,689 shares of the retailer’s stock valued at $731,000 after purchasing an additional 2,511 shares during the last quarter. Institutional investors and hedge funds own 29.79% of the company’s stock.

WMT stock traded up $0.81 during mid-day trading on Wednesday, hitting $108.75. The stock had a trading volume of 182,787 shares, compared to its average volume of 7,046,494. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. Walmart Inc has a 1-year low of $82.37 and a 1-year high of $108.97. The firm has a market cap of $304.09 billion, a P/E ratio of 22.15, a PEG ratio of 4.65 and a beta of 0.36.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company had revenue of $122.95 billion for the quarter, compared to analyst estimates of $124.51 billion. During the same period in the prior year, the firm posted $1.14 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts expect that Walmart Inc will post 4.82 EPS for the current year.

Several research analysts recently weighed in on WMT shares. Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target on the stock in a research report on Thursday, May 2nd. Citigroup upped their price target on Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. Wolfe Research lowered Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Morgan Stanley set a $113.00 price target on Walmart and gave the company an “overweight” rating in a research report on Wednesday, February 20th. Finally, KeyCorp upped their price target on Walmart from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have given a buy rating to the company. Walmart presently has an average rating of “Hold” and an average price target of $108.26.

In other news, Director S Robson Walton sold 743,824 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $99.02, for a total transaction of $73,653,452.48. Following the transaction, the director now owns 3,347,379 shares of the company’s stock, valued at approximately $331,457,468.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David Chojnowski sold 2,000 shares of the stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $97.17, for a total value of $194,340.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,674,015 shares of company stock worth $1,172,639,093. Insiders own 50.22% of the company’s stock.

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About Walmart

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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