Walmart Inc. (NYSE:WMT) Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 558,174 shares of the retailer’s stock after purchasing an additional 42,225 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Walmart were worth $45,073,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Walmart during the 3rd quarter valued at $33,000. EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter valued at $25,000. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Finally, Cultivar Capital Inc. acquired a new position in shares of Walmart during the 2nd quarter valued at $29,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were 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 in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT traded up $0.56 during midday trading on Tuesday, reaching $84.77. The company’s stock had a trading volume of 1,365,055 shares, compared to its average volume of 16,676,268. The firm has a market capitalization of $681.40 billion, a PE ratio of 43.86, a P/E/G ratio of 4.25 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54. The stock has a fifty day moving average of $80.67 and a 200 day moving average of $72.27. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. On average, equities analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on WMT. Royal Bank of Canada lifted their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group raised their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Jefferies Financial Group raised their target price on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company raised their target price on Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $84.15.

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.