Walmart Inc. (NYSE:WMT) Shares Bought by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 19.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,912 shares of the retailer’s stock after purchasing an additional 1,115 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Walmart were worth $468,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Walmart in the first quarter worth $25,000. Northwest Capital Management Inc raised its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter valued at approximately $29,000. Finally, Partnership Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter valued at approximately $30,000. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WMT. Raymond James boosted their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Bank of America upped their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. DA Davidson lifted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Trading Down 0.4 %

Shares of WMT opened at $76.96 on Friday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $77.81. 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 firm has a market capitalization of $618.62 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 3.87 and a beta of 0.51. The stock’s 50-day moving average price is $71.27 and its 200 day moving average price is $65.24.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity

In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the transaction, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,144,237 shares of company stock worth $730,497,016. Company insiders own 45.58% of the company’s stock.

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.