Parkside Financial Bank & Trust Lowers Position in Walmart Inc (NYSE:WMT)

Parkside Financial Bank & Trust decreased its position in Walmart Inc (NYSE:WMT) by 12.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,008 shares of the retailer’s stock after selling 1,761 shares during the period. Parkside Financial Bank & Trust’s holdings in Walmart were worth $1,327,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Clarfeld Financial Advisors LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $25,000. C J Advisory Inc acquired a new position in Walmart during the first quarter worth about $29,000. Mcmillion Capital Management Inc. acquired a new position in Walmart during the second quarter worth about $34,000. Litman Gregory Asset Management LLC acquired a new position in Walmart during the second quarter worth about $37,000. Finally, Financial Gravity Wealth Inc. acquired a new position in Walmart during the first quarter worth about $35,000. 29.99% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director S Robson Walton sold 737,813 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $105.28, for a total value of $77,676,952.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 1,014,826 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the completion of the sale, the insider now owns 17,502,080 shares of the company’s stock, valued at $1,843,494,086.40. The disclosure for this sale can be found here. In the last three months, insiders sold 1,783,026 shares of company stock valued at $187,848,418. Company insiders own 51.11% of the company’s stock.

A number of brokerages have issued reports on WMT. Raymond James lifted their target price on shares of Walmart from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. UBS Group set a $115.00 target price on shares of Walmart and gave the stock a “hold” rating in a research report on Friday, August 16th. Deutsche Bank set a $124.00 target price on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, August 16th. Loop Capital lifted their target price on shares of Walmart to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Finally, Sanford C. Bernstein upgraded shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 target price for the company in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have given a buy rating to the company. Walmart currently has an average rating of “Buy” and an average target price of $114.51.

Shares of NYSE:WMT traded down $0.35 during trading on Thursday, reaching $111.67. The stock had a trading volume of 176,681 shares, compared to its average volume of 6,742,025. The business has a fifty day moving average price of $111.59 and a 200-day moving average price of $104.03. 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 stock has a market cap of $320.41 billion, a P/E ratio of 22.74, a PEG ratio of 4.91 and a beta of 0.41. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $115.49.

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

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.

Read More: What is the definition of market timing?

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.