Walmart Inc. (NYSE:WMT) is Prio Wealth Limited Partnership’s 7th Largest Position

Prio Wealth Limited Partnership reduced its stake in Walmart Inc. (NYSE:WMT) by 3.5% in the third quarter, Holdings Channel.com reports. The fund owned 1,222,620 shares of the retailer’s stock after selling 43,741 shares during the period. Walmart makes up approximately 2.9% of Prio Wealth Limited Partnership’s portfolio, making the stock its 7th biggest position. Prio Wealth Limited Partnership’s holdings in Walmart were worth $98,727,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Hoese & Co LLP bought a new stake in Walmart during the third quarter valued at $33,000. EntryPoint Capital LLC bought a new stake in Walmart during the first quarter valued at $25,000. TruNorth Capital Management LLC boosted its stake in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in Walmart during the second quarter valued at $29,000. Finally, Kozak & Associates Inc. boosted its stake in Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In other news, 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 value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the completion of the sale, the executive vice president now owns 632,415 shares in the company, valued at approximately $44,648,499. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction dated Monday, September 9th. The shares were 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 of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,267,901 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Morgan Stanley lifted their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their price target on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Finally, Melius Research initiated coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $82.96.

Walmart Stock Performance

WMT traded down $0.23 during mid-day trading on Monday, reaching $81.08. 1,489,782 shares of the company traded hands, compared to its average volume of 17,057,051. The stock has a market capitalization of $651.74 billion, a P/E ratio of 42.14, a P/E/G ratio of 4.07 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average price is $77.90 and its 200-day moving average price is $69.68. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.82.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current 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.