Orrstown Financial Services Inc. increased its holdings in Walmart Inc (NYSE:WMT) by 20.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 604 shares of the retailer’s stock after purchasing an additional 104 shares during the period. Orrstown Financial Services Inc.’s holdings in Walmart were worth $67,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Clarfeld Financial Advisors LLC bought a new stake in Walmart during the fourth quarter worth about $25,000. C J Advisory Inc bought a new stake in Walmart during the first quarter worth about $29,000. Financial Gravity Wealth Inc. bought a new stake in Walmart during the first quarter worth about $35,000. WP Advisors LLC bought a new stake in Walmart during the first quarter worth about $37,000. Finally, Stone House Investment Management LLC bought a new stake in Walmart during the first quarter worth about $38,000. 30.04% of the stock is owned by hedge funds and other institutional investors.
WMT stock traded down $0.56 during midday trading on Friday, reaching $108.82. The company’s stock had a trading volume of 1,504,999 shares, compared to its average volume of 3,775,099. Walmart Inc has a 52 week low of $85.78 and a 52 week high of $115.49. The stock has a market capitalization of $319.90 billion, a PE ratio of 22.16, a PEG ratio of 4.90 and a beta of 0.41. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77. The stock’s 50-day moving average price is $111.90.
Several analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Wolfe Research cut shares of Walmart from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, May 8th. Deutsche Bank upped their price objective on shares of Walmart from $118.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Loop Capital upped their price objective on shares of Walmart to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, Sanford C. Bernstein raised shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price objective on the stock in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $109.56.
In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now directly owns 122,673 shares in the company, valued at $13,388,531.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 1,322,329 shares of the stock in a transaction 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 sale, the director now owns 3,347,511 shares in the company, valued at $341,580,022.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,559,285 shares of company stock worth $571,021,654. Company insiders own 51.11% of the company’s stock.
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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