First Commonwealth Financial Corp PA Boosts Stake in Walmart Inc. (NYSE:WMT)

First Commonwealth Financial Corp PA raised its position in Walmart Inc. (NYSE:WMT) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,434 shares of the retailer’s stock after purchasing an additional 159 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in Walmart were worth $1,973,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP purchased a new stake in Walmart during the 3rd quarter worth approximately $33,000. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter worth approximately $25,000. Finally, TruNorth Capital Management LLC boosted its position in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

WMT traded up $0.20 during trading on Wednesday, hitting $91.51. 1,414,104 shares of the stock were exchanged, compared to its average volume of 16,850,326. The firm has a market capitalization of $735.58 billion, a P/E ratio of 37.47, a PEG ratio of 4.25 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $92.25. The stock has a fifty day moving average price of $82.55 and a two-hundred day moving average price of $74.36. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

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

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WMT shares. Oppenheimer upped their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Telsey Advisory Group increased their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley boosted their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two equities 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

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.