Prime Capital Investment Advisors LLC Acquires 42,225 Shares of Walmart Inc. (NYSE:WMT)

Prime Capital Investment Advisors LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 558,174 shares of the retailer’s stock after acquiring an additional 42,225 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Walmart were worth $45,073,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sustainable Insight Capital Management LLC bought a new stake in shares of Walmart during the 1st quarter valued at $723,000. Anchor Capital Advisors LLC increased its holdings in shares of Walmart by 159.0% in the 1st quarter. Anchor Capital Advisors LLC now owns 263,650 shares of the retailer’s stock worth $15,864,000 after buying an additional 161,846 shares during the last quarter. Oxbow Advisors LLC increased its holdings in shares of Walmart by 45.0% in the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after buying an additional 8,834 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Walmart by 21.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after buying an additional 105,430 shares during the last quarter. Finally, Whalerock Point Partners LLC increased its holdings in shares of Walmart by 213.5% in the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after buying an additional 20,167 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Walmart stock traded up $0.56 during midday trading on Tuesday, hitting $84.77. 1,365,055 shares of the company’s stock were exchanged, compared to its average volume of 16,676,268. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market cap of $681.40 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The firm’s 50 day simple moving average is $80.67 and its 200 day simple moving average is $72.27.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for 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%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were 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 owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. DA Davidson boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Melius Research initiated coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Tigress Financial boosted their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, UBS Group boosted their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $84.15.

Walmart 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.