First City Capital Management Inc. Increases Position in Walmart Inc. (NYSE:WMT)

First City Capital Management Inc. grew its stake in Walmart Inc. (NYSE:WMT) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,647 shares of the retailer’s stock after acquiring an additional 340 shares during the quarter. First City Capital Management Inc.’s holdings in Walmart were worth $617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new position in Walmart during the 3rd quarter worth $33,000. EntryPoint Capital LLC purchased a new position in Walmart during the 1st quarter worth $25,000. Finally, TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of WMT stock opened at $84.09 on Tuesday. The company has a market capitalization of $675.94 billion, a P/E ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. The business’s 50 day moving average is $81.43 and its two-hundred day moving average is $73.15. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.79.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein started coverage on Walmart in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $92.00 price target on shares of Walmart in a research note on Wednesday, November 13th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Roth Mkm boosted their price target on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $86.71.

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.