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

First Commonwealth Financial Corp PA boosted its position in shares of Walmart Inc. (NYSE:WMT) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Walmart in the first quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at $26,000. TruNorth Capital Management LLC increased its stake in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter valued at $29,000. Finally, Kozak & Associates Inc. increased its stake in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.66 % 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 company insiders.

Walmart Stock Up 0.2 %

NYSE WMT traded up $0.20 on Wednesday, hitting $91.51. 1,414,104 shares of the stock traded hands, compared to its average volume of 16,850,326. The stock has a 50-day moving average of $82.55 and a 200 day moving average of $74.36. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $92.25. The company has a market capitalization of $735.58 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on WMT. Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two 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 has a consensus rating of “Moderate Buy” and an average target price of $91.88.

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.