Walmart Inc. (NYSE:WMT) is Prospera Private Wealth LLC's Largest Position

Prospera Private Wealth LLC raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 845.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 518,984 shares of the retailer's stock after purchasing an additional 464,118 shares during the quarter. Walmart makes up about 7.7% of Prospera Private Wealth LLC's holdings, making the stock its biggest holding. Prospera Private Wealth LLC's holdings in Walmart were worth $41,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Thompson Davis & CO. Inc. raised its position in shares of Walmart by 57.2% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,007 shares of the retailer's stock worth $404,000 after purchasing an additional 1,821 shares during the last quarter. Counterweight Ventures LLC purchased a new position in Walmart in the third quarter worth about $242,000. West Family Investments Inc. grew its holdings in shares of Walmart by 5.6% during the third quarter. West Family Investments Inc. now owns 28,872 shares of the retailer's stock valued at $2,331,000 after buying an additional 1,528 shares during the last quarter. Second Half Financial Partners LLC bought a new stake in shares of Walmart during the third quarter valued at approximately $621,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Walmart in the 3rd quarter worth approximately $21,163,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of WMT stock traded up $0.04 during trading hours on Wednesday, hitting $86.64. The stock had a trading volume of 9,117,447 shares, compared to its average volume of 16,802,201. The stock's 50-day moving average price is $81.58 and its two-hundred day moving average price is $73.34. Walmart Inc. has a one year low of $49.85 and a one year high of $88.29. The stock has a market capitalization of $696.43 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 4.19 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. Equities analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company's 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 sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Guggenheim lifted their target price on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday. Telsey Advisory Group boosted their target price on Walmart from $92.00 to $100.00 and gave the stock an "outperform" rating in a research report on Tuesday. Evercore ISI upped their target price on shares of Walmart from $66.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday. Roth Mkm boosted their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 16th. Finally, Citigroup lifted their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $90.44.

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.