Burke & Herbert Bank & Trust Co. Acquires 13,274 Shares of Walmart Inc. (NYSE:WMT)

Burke & Herbert Bank & Trust Co. boosted its position in Walmart Inc. (NYSE:WMT) by 38.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,732 shares of the retailer’s stock after buying an additional 13,274 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Walmart were worth $3,232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after acquiring an additional 18,865,484 shares in the last quarter. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter valued at about $3,674,652,000. Finally, Raymond James & Associates lifted its holdings in Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after purchasing an additional 9,544,958 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. Robert W. Baird lifted their price target on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Oppenheimer lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Walmart in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Finally, Evercore ISI boosted their target price on shares of Walmart from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.56.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,540,863 shares of company stock valued at $954,455,147 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.8 %

Shares of Walmart stock traded down $0.57 on Tuesday, hitting $68.13. The company had a trading volume of 24,352,476 shares, compared to its average volume of 17,385,047. The firm has a market capitalization of $548.01 billion, a P/E ratio of 28.76, a P/E/G ratio of 3.91 and a beta of 0.50. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $71.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock has a 50-day moving average of $68.52 and a 200-day moving average of $62.99.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. Research analysts predict that Walmart Inc. will post 2.43 earnings per share for the current year.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.