OLD National Bancorp IN Decreases Position in Walmart Inc. (NYSE:WMT)

OLD National Bancorp IN lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,508 shares of the retailer’s stock after selling 10,120 shares during the quarter. OLD National Bancorp IN’s holdings in Walmart were worth $7,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the fourth quarter worth approximately $32,000. Voisard Asset Management Group Inc. raised its holdings in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP purchased a new position in Walmart in the third quarter worth approximately $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the 3rd quarter worth approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 0.7 %

WMT opened at $97.97 on Friday. The business has a 50 day simple moving average of $92.91 and a 200-day simple moving average of $82.90. Walmart Inc. has a 12 month low of $55.04 and a 12 month high of $99.00. The stock has a market capitalization of $787.00 billion, a P/E ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 137,177 shares of company stock worth $12,649,328 in the last quarter. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of analyst reports. Oppenheimer raised their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Tigress Financial boosted their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Guggenheim increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.11.

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.