Walmart Inc. (NYSE:WMT) Shares Sold by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership lessened its stake in Walmart Inc. (NYSE:WMT) by 10.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,266,361 shares of the retailer’s stock after selling 153,042 shares during the period. Walmart makes up 2.6% of Prio Wealth Limited Partnership’s portfolio, making the stock its 8th largest position. Prio Wealth Limited Partnership’s holdings in Walmart were worth $85,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AHL Investment Management Inc. lifted its holdings in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares during the period. Core Wealth Advisors Inc. lifted its stake in shares of Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the period. Liberty Wealth Management LLC purchased a new stake in shares of Walmart in the first quarter valued at about $270,000. Commerce Bank increased its stake in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after acquiring an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. Evercore ISI raised their target price on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Melius Research began coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Walmart currently has an average rating of “Buy” and an average price target of $81.62.

Walmart Stock Up 0.6 %

WMT stock opened at $81.27 on Wednesday. The company has a 50 day moving average price of $74.86 and a two-hundred day moving average price of $67.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market capitalization of $653.27 billion, a P/E ratio of 34.78, a PEG ratio of 4.00 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,670 shares of company stock valued at $958,025,027 over the last quarter. Company insiders own 45.58% of the company’s stock.

About Walmart

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.