Prestige Wealth Management Group LLC Has $1.80 Million Holdings in Walmart Inc. (NYSE:WMT)

Prestige Wealth Management Group LLC decreased its position in Walmart Inc. (NYSE:WMT) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,602 shares of the retailer’s stock after selling 1,489 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Walmart were worth $1,801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc grew its holdings in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in Walmart during the second quarter worth about $29,000. Finally, Partnership Wealth Management LLC acquired a new position in Walmart during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Wells Fargo & Company upped their price objective on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their price target 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. Jefferies Financial Group lifted their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, TD Cowen raised their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the completion of the sale, the insider now owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares in the company, valued at approximately $42,211,325,061.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,144,237 shares of company stock worth $730,497,016. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.4 %

Shares of Walmart stock traded down $0.32 on Friday, hitting $76.64. The stock had a trading volume of 14,548,588 shares, compared to its average volume of 17,411,770. The stock has a 50 day moving average of $71.45 and a 200 day moving average of $65.43. 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 Inc. has a twelve month low of $49.85 and a twelve month high of $77.81. The firm has a market capitalization of $616.05 billion, a P/E ratio of 32.80, a PEG ratio of 3.87 and a beta of 0.51.

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

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.