Northwest Bancshares Inc. cut its holdings in shares of Walmart Inc (NYSE:WMT) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,538 shares of the retailer’s stock after selling 1,154 shares during the period. Walmart accounts for about 1.6% of Northwest Bancshares Inc.’s holdings, making the stock its 12th biggest position. Northwest Bancshares Inc.’s holdings in Walmart were worth $3,981,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in shares of Walmart during the second quarter worth $26,000. AllSquare Wealth Management LLC lifted its holdings in Walmart by 235.3% in the second quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock valued at $31,000 after acquiring an additional 200 shares during the period. Mcmillion Capital Management Inc. acquired a new stake in Walmart in the second quarter valued at $34,000. Litman Gregory Asset Management LLC acquired a new stake in Walmart in the second quarter valued at $37,000. Finally, MRA Associates USA LLC acquired a new stake in Walmart in the second quarter valued at $37,000. Institutional investors and hedge funds own 30.10% of the company’s stock.

In other news, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. Insiders own 50.22% of the company’s stock.

WMT has been the subject of a number of recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 target price (up previously from $118.00) on shares of Walmart in a report on Friday, August 16th. Buckingham Research set a $109.00 target price on Walmart and gave the company a “hold” rating in a report on Friday, August 16th. Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating and set a $121.00 target price for the company. in a report on Tuesday, September 17th. Royal Bank of Canada set a $112.00 target price on Walmart and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, KeyCorp raised their target price on Walmart from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $116.09.

Shares of WMT traded up $1.37 during trading on Wednesday, reaching $118.95. The company’s stock had a trading volume of 250,275 shares, compared to its average volume of 6,409,988. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $119.86. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. The company has a market cap of $338.25 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 5.08 and a beta of 0.40. The company has a fifty day moving average of $115.77 and a two-hundred day moving average of $108.24.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion during the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS. As a group, equities analysts forecast that Walmart Inc will post 4.91 EPS for the current fiscal year.

Walmart Company Profile

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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