Norwood Financial Corp Has $732,000 Holdings in Walmart Inc. (NYSE:WMT)

Norwood Financial Corp lifted its position in Walmart Inc. (NYSE:WMT) by 184.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,160 shares of the retailer’s stock after acquiring an additional 7,890 shares during the period. Walmart makes up approximately 1.1% of Norwood Financial Corp’s holdings, making the stock its 21st biggest holding. Norwood Financial Corp’s holdings in Walmart were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Partnership Wealth Management LLC acquired a new stake in Walmart during the 4th quarter worth approximately $30,000. Able Wealth Management LLC acquired a new stake in Walmart during the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the 4th quarter worth approximately $32,000. Signature Resources Capital Management LLC acquired a new stake in Walmart during the 4th quarter worth approximately $35,000. Finally, Tidemark LLC acquired a new stake in Walmart during the 4th quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Barclays raised their price target on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. UBS Group raised their price target on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Citigroup raised their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. Finally, Oppenheimer raised their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.97.

Walmart Stock Down 0.2 %

WMT stock opened at $67.74 on Friday. The company has a market cap of $544.87 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The business has a 50-day simple moving average of $64.07 and a 200 day simple moving average of $59.29. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.20, for a total value of $895,125.00. Following the sale, the executive vice president now owns 645,540 shares in the company, valued at $44,025,828. The disclosure for this sale can be found here. Insiders have sold a total of 14,502,762 shares of company stock worth $951,475,618 over the last 90 days. Insiders own 45.58% of the company’s stock.

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.