Fort Pitt Capital Group LLC Grows Position in Walmart Inc. (NYSE:WMT)

Fort Pitt Capital Group LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,677 shares of the retailer’s stock after buying an additional 469 shares during the quarter. Fort Pitt Capital Group LLC’s holdings in Walmart were worth $862,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Investment Advisory Group LLC raised its holdings in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares during the last quarter. Professional Financial Advisors LLC raised its holdings in shares of Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after acquiring an additional 137 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after acquiring an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after acquiring an additional 137 shares during the last quarter. Finally, Trust Co of the South raised its holdings in shares of Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock valued at $958,577,287 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.3 %

WMT opened at $82.19 on Friday. The stock has a market capitalization of $660.66 billion, a price-to-earnings ratio of 42.81, a PEG ratio of 4.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business has a fifty day moving average price of $79.80 and a 200 day moving average price of $71.17. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34.

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

Analyst Ratings Changes

A number of equities analysts have commented on WMT shares. Telsey Advisory Group increased their target price on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Barclays increased their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Finally, Tigress Financial increased their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $83.89.

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.