Fulton Bank N.A. Lowers Holdings in Walmart Inc. (NYSE:WMT)

Fulton Bank N.A. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,000 shares of the retailer’s stock after selling 5,930 shares during the period. Fulton Bank N.A.’s holdings in Walmart were worth $5,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of WMT. Syverson Strege & Co increased its position in shares of Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after purchasing an additional 85 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of Walmart by 1.6% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after purchasing an additional 100 shares during the last quarter. Pinnacle Holdings LLC increased its position in shares of Walmart by 0.9% during the 4th quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock valued at $1,822,000 after purchasing an additional 108 shares during the last quarter. Trust Co of the South increased its position in shares of Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after purchasing an additional 138 shares during the last quarter. Finally, Power Corp of Canada increased its position in shares of Walmart by 0.5% during the 4th quarter. Power Corp of Canada now owns 30,005 shares of the retailer’s stock valued at $4,730,000 after purchasing an additional 139 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of Walmart stock traded down $1.84 on Monday, reaching $79.10. 16,769,918 shares of the stock were exchanged, compared to its average volume of 17,393,477. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60. The firm has a market capitalization of $636.24 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 4.03 and a beta of 0.51. The business has a 50 day moving average price of $75.48 and a two-hundred day moving average price of $68.26.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. Analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was 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 of the company’s stock, valued at $32,239,034.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TD Cowen upped their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays upped their price objective on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. UBS Group upped their price objective on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. KeyCorp upped their price objective on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $81.62.

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.