Walmart Inc. (NYSE:WMT) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,789 shares of the retailer’s stock after buying an additional 215 shares during the period. Zions Bancorporation N.A.’s holdings in Walmart were worth $392,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WMT. Vanguard Group Inc. raised its holdings in shares of Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after buying an additional 18,865,484 shares during the period. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter worth $3,674,652,000. Finally, Raymond James & Associates raised its stake in shares of Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after acquiring an additional 2,246,656 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 934,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the sale, the insider now owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,203,360 shares of company stock worth $788,678,803. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $80.60 on Friday. The firm has a market capitalization of $647.88 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The stock’s fifty day moving average is $72.51 and its 200-day moving average is $66.14. Walmart Inc. has a one year low of $49.85 and a one year high of $80.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the firm earned $0.61 EPS. Walmart’s revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on WMT shares. UBS Group upped their price target on shares of Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Barclays upped their price target on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Roth Mkm lifted their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group upped their target price on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.99.

Walmart 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.