Walmart Inc. (NYSE:WMT) Shares Purchased by Prentice Wealth Management LLC

Prentice Wealth Management LLC boosted its position in Walmart Inc. (NYSE:WMT) by 213.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,740 shares of the retailer’s stock after buying an additional 10,722 shares during the quarter. Prentice Wealth Management LLC’s holdings in Walmart were worth $947,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Flynn Zito Capital Management LLC raised its stake in shares of Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC raised its stake in shares of Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after purchasing an additional 62 shares in the last quarter. Bill Few Associates Inc. grew its position in shares of Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after buying an additional 64 shares during the last quarter. Gateway Advisory LLC grew its position in shares of Walmart by 4.1% during the 3rd quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock valued at $263,000 after buying an additional 65 shares during the last quarter. Finally, Rossmore Private Capital grew its position in shares of Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Raymond James upped their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Evercore ISI upped their target price on shares of Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Tigress Financial upped their target price on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. DA Davidson upped their target price on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Citigroup upped their target price on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.97.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the transaction, the chief executive officer now owns 4,047,767 shares in the company, valued at approximately $244,687,515.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the transaction, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the completion of the sale, the chief executive officer now directly owns 4,047,767 shares of the company’s stock, valued at $244,687,515.15. The disclosure for this sale can be found here. Insiders have sold a total of 14,480,846 shares of company stock worth $949,751,461 in the last 90 days. 45.58% of the stock is owned by insiders.

Walmart Stock Up 1.4 %

WMT stock traded up $0.97 during midday trading on Wednesday, reaching $68.39. The company had a trading volume of 7,334,686 shares, compared to its average volume of 18,066,924. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $550.10 billion, a P/E ratio of 29.30, a PEG ratio of 3.89 and a beta of 0.52. The company has a 50 day moving average of $63.56 and a two-hundred day moving average of $59.05.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

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.