Field & Main Bank purchased a new stake in shares of Walmart Inc (NYSE:WMT) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,661 shares of the retailer’s stock, valued at approximately $2,796,000. Walmart comprises about 2.6% of Field & Main Bank’s portfolio, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Steinberg Global Asset Management grew its holdings in Walmart by 14.8% in the first quarter. Steinberg Global Asset Management now owns 5,290 shares of the retailer’s stock worth $516,000 after purchasing an additional 682 shares during the period. Bailard Inc. grew its holdings in Walmart by 2.1% in the first quarter. Bailard Inc. now owns 6,118 shares of the retailer’s stock worth $597,000 after purchasing an additional 127 shares during the period. Pegasus Asset Management Inc. grew its holdings in Walmart by 1.5% in the first quarter. Pegasus Asset Management Inc. now owns 9,957 shares of the retailer’s stock worth $971,000 after purchasing an additional 143 shares during the period. Northwest Bancshares Inc. grew its holdings in Walmart by 5.0% in the first quarter. Northwest Bancshares Inc. now owns 34,041 shares of the retailer’s stock worth $3,320,000 after purchasing an additional 1,615 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in Walmart by 51.8% in the first quarter. Oppenheimer & Co. Inc. now owns 160,841 shares of the retailer’s stock worth $15,686,000 after purchasing an additional 54,856 shares during the period. Institutional investors own 28.83% of the company’s stock.

WMT opened at $101.96 on Tuesday. The stock has a market capitalization of $290.84 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. Walmart Inc has a twelve month low of $82.37 and a twelve month high of $106.21.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.11. The firm had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. On average, equities research analysts anticipate that Walmart Inc will post 4.81 EPS for the current fiscal year.

In other Walmart news, insider John R. Furner sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $101.82, for a total value of $1,018,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 1,322,329 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the completion of the transaction, the director now directly owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The disclosure for this sale can be found here. In the last three months, insiders sold 9,901,889 shares of company stock valued at $986,024,382. Corporate insiders own 50.22% of the company’s stock.

WMT has been the subject of a number of research reports. Gordon Haskett upgraded shares of Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target for the company in a report on Friday, May 17th. Citigroup raised their price target on shares of Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. BMO Capital Markets reissued a “buy” rating and set a $115.00 price target on shares of Walmart in a research report on Thursday, February 21st. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Walmart in a research report on Tuesday, February 19th. Finally, Bank of America set a $120.00 price target on shares of Walmart and gave the company a “buy” rating in a research report on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $107.19.

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About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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