Orrstown Financial Services Inc. Has $67,000 Stock Holdings in Walmart Inc (NYSE:WMT)

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.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The firm had revenue of $122.95 billion for the quarter, compared to analysts’ expectations of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Analysts predict that Walmart Inc will post 4.84 earnings per share for the current year.

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 Profile

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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