1ST Source Bank Increases Stock Position in Walmart Inc. (NYSE:WMT)

1ST Source Bank boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,133 shares of the retailer’s stock after buying an additional 998 shares during the quarter. 1ST Source Bank’s holdings in Walmart were worth $5,259,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WMT. Summit Financial Wealth Advisors LLC grew its position in shares of Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the last quarter. Providence Wealth Advisors LLC boosted its stake in Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after acquiring an additional 122 shares in the last quarter. 3Chopt Investment Partners LLC grew its holdings in shares of Walmart by 0.4% during the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after purchasing an additional 124 shares during the last quarter. CAP Partners LLC increased its position in shares of Walmart by 2.1% during the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after purchasing an additional 125 shares in the last quarter. Finally, Investment Advisory Group LLC lifted its holdings in shares of Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,309,091 shares of company stock worth $183,375,539 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

NYSE:WMT traded up $0.40 during mid-day trading on Friday, hitting $94.28. 2,460,393 shares of the company’s stock traded hands, compared to its average volume of 16,858,213. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market cap of $757.39 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 4.51 and a beta of 0.54. The firm’s 50 day simple moving average is $85.83 and its 200 day simple moving average is $76.74. Walmart Inc. has a 1 year low of $50.51 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the company posted $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on WMT shares. Citigroup lifted their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus lifted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday. Morgan Stanley increased their price target on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Guggenheim lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Piper Sandler increased their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.33.

About Walmart

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.