Citizens Business Bank Acquires 39,464 Shares of Walmart Inc. (NYSE:WMT)

Citizens Business Bank raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 198.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,324 shares of the retailer’s stock after purchasing an additional 39,464 shares during the period. Citizens Business Bank’s holdings in Walmart were worth $3,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Walmart during the fourth quarter valued at approximately $3,674,652,000. BlueSpruce Investments LP purchased a new position in Walmart during the 4th quarter valued at $568,419,000. International Assets Investment Management LLC increased its position in Walmart by 15,371.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Walmart by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after purchasing an additional 2,150,351 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Walmart by 207.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock worth $137,170,000 after purchasing an additional 1,537,828 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.3 %

NYSE:WMT opened at $67.48 on Tuesday. The company has a 50 day simple moving average of $64.07 and a two-hundred day simple moving average of $59.41. The company has a market cap of $542.78 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Activity

In related news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The disclosure for this sale can be found here. Insiders sold 14,499,762 shares of company stock valued at $951,294,838 in the last quarter. 45.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMT shares. DA Davidson boosted their price target on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Roth Mkm raised their target price on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. BMO Capital Markets upped their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley increased their price objective on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Finally, Evercore ISI upped their target price on shares of Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.41.

Walmart 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.