Walmart Inc. (NYSE:WMT) Shares Bought by Horizon Bancorp Inc. IN

Horizon Bancorp Inc. IN grew its holdings in shares of Walmart Inc. (NYSE:WMTFree Report) by 295.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 996 shares of the retailer’s stock after purchasing an additional 744 shares during the period. Horizon Bancorp Inc. IN’s holdings in Walmart were worth $60,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Walmart by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after purchasing an additional 751,713 shares in the last quarter. Norges Bank purchased a new position in shares of Walmart in the 4th quarter valued at about $3,674,652,000. Price T Rowe Associates Inc. MD grew its position in shares of Walmart by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after buying an additional 2,150,351 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Walmart by 184.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after buying an additional 8,144,393 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of Walmart by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 9,550,281 shares of the retailer’s stock worth $1,505,602,000 after buying an additional 435,253 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $70.04 on Friday. The stock’s 50-day moving average price is $64.93 and its 200 day moving average price is $59.95. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $563.37 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 4.04 and a beta of 0.50. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $70.15.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. As a group, equities research analysts forecast that Walmart Inc. will post 2.43 EPS for the current year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,525,340 shares of company stock valued at $953,023,399 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Raymond James lifted their price target on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Telsey Advisory Group boosted their target price on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Truist Financial upped their price objective on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $66.00 to $81.00 in a research report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.47.

Check Out Our Latest Stock Report on Walmart

Walmart Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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