Parkside Financial Bank & Trust increased its stake in shares of Walmart Inc (NYSE:WMT) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,762 shares of the retailer’s stock after purchasing an additional 754 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Walmart were worth $1,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thomasville National Bank boosted its position in shares of Walmart by 0.4% in the 2nd quarter. Thomasville National Bank now owns 40,428 shares of the retailer’s stock valued at $4,467,000 after purchasing an additional 142 shares during the period. Baystate Wealth Management LLC boosted its position in shares of Walmart by 5.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 11,150 shares of the retailer’s stock valued at $1,233,000 after purchasing an additional 603 shares during the period. Private Asset Management Inc. boosted its position in shares of Walmart by 18.8% in the 2nd quarter. Private Asset Management Inc. now owns 2,858 shares of the retailer’s stock valued at $316,000 after purchasing an additional 453 shares during the period. South Texas Money Management Ltd. boosted its position in shares of Walmart by 14.2% in the 2nd quarter. South Texas Money Management Ltd. now owns 315,814 shares of the retailer’s stock valued at $34,894,000 after purchasing an additional 39,269 shares during the period. Finally, Deane Retirement Strategies Inc. raised its stake in Walmart by 1.4% during the 2nd quarter. Deane Retirement Strategies Inc. now owns 23,972 shares of the retailer’s stock valued at $2,649,000 after acquiring an additional 324 shares during the last quarter. 30.15% of the stock is owned by hedge funds and other institutional investors.

NYSE:WMT traded down $0.79 during trading hours on Friday, reaching $119.44. 3,761,572 shares of the company traded hands, compared to its average volume of 6,160,737. The firm’s 50-day moving average is $118.56 and its 200-day moving average is $111.26. The stock has a market cap of $338.07 billion, a P/E ratio of 24.33, a P/E/G ratio of 5.11 and a beta of 0.39. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $120.92.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. Walmart’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, research analysts predict that Walmart Inc will post 4.92 earnings per share for the current year.

WMT has been the subject of several analyst reports. Loop Capital upped their price objective on Walmart to $115.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Raymond James increased their target price on Walmart from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Oppenheimer increased their target price on Walmart from $108.00 to $125.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 target price (up from $118.00) on shares of Walmart in a research note on Friday, August 16th. Finally, BMO Capital Markets increased their target price on Walmart to $125.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have assigned a buy rating to the company. Walmart has an average rating of “Buy” and an average target price of $118.41.

In related news, SVP David Chojnowski sold 3,680 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John R. Furner sold 7,900 shares of the 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 disclosure for this sale can be found here. 51.11% of the stock is owned by company insiders.

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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