Prime Capital Investment Advisors LLC boosted its stake in shares of Walmart Inc (NYSE:WMT) by 38.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,422 shares of the retailer’s stock after acquiring an additional 2,355 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Walmart were worth $931,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Lincoln Capital LLC grew its stake in Walmart by 1.5% in the second quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock worth $723,000 after purchasing an additional 94 shares in the last quarter. First National Bank of Hutchinson lifted its holdings in Walmart by 1.5% during the second quarter. First National Bank of Hutchinson now owns 6,598 shares of the retailer’s stock worth $740,000 after buying an additional 96 shares during the period. Dixon Hubard Feinour & Brown Inc. VA lifted its holdings in Walmart by 2.1% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock worth $470,000 after buying an additional 97 shares during the period. Lindbrook Capital LLC lifted its holdings in Walmart by 2.7% during the second quarter. Lindbrook Capital LLC now owns 3,751 shares of the retailer’s stock worth $414,000 after buying an additional 98 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in Walmart by 1.1% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,623 shares of the retailer’s stock worth $939,000 after buying an additional 100 shares during the period. 29.99% of the stock is currently owned by institutional investors.
Shares of NYSE:WMT traded down $1.08 during trading on Friday, reaching $110.83. 5,100,919 shares of the company’s stock traded hands, compared to its average volume of 6,959,017. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. The firm has a market cap of $319.79 billion, a PE ratio of 22.91, a P/E/G ratio of 4.83 and a beta of 0.41. The company has a 50-day simple moving average of $111.54 and a 200-day simple moving average of $104.20.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same period last year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc will post 4.91 EPS for the current year.
In related news, major shareholder Jim C. Walton sold 1,014,826 shares of Walmart stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $105.33, for a total value of $106,891,622.58. Following the sale, the insider now directly owns 17,502,080 shares in the company, valued at approximately $1,843,494,086.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director S Robson Walton sold 737,813 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $105.28, for a total transaction of $77,676,952.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,783,026 shares of company stock worth $187,848,418. 51.11% of the stock is currently owned by insiders.
WMT has been the subject of several analyst reports. Robert W. Baird reiterated a “positive” rating and set a $120.00 price objective (up previously from $115.00) on shares of Walmart in a report on Thursday, August 15th. They noted that the move was a valuation call. Morgan Stanley set a $115.00 price objective on Walmart and gave the company a “buy” rating in a report on Friday, August 16th. Wolfe Research lowered Walmart from a “peer perform” rating to an “underperform” rating in a report on Wednesday, May 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price objective (up previously from $118.00) on shares of Walmart in a report on Friday, August 16th. Finally, Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $114.99.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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