Prescott Group Capital Management L.L.C. cut its holdings in Walmart Inc. (NYSE:WMT – Get Rating) by 26.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,900 shares of the retailer’s stock after selling 1,394 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Walmart were worth $553,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Fiduciary Alliance LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $443,000. Spotlight Asset Group Inc. bought a new position in Walmart during the third quarter worth $536,000. Merit Financial Group LLC increased its position in Walmart by 77.9% during the fourth quarter. Merit Financial Group LLC now owns 20,181 shares of the retailer’s stock worth $2,862,000 after acquiring an additional 8,840 shares during the period. PFS Investments Inc. bought a new position in Walmart during the third quarter worth $355,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in Walmart during the third quarter worth $17,529,000. Institutional investors own 31.27% of the company’s stock.
Insider Buying and Selling
In related news, EVP Daniel J. Bartlett sold 6,600 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $147.78, for a total transaction of $975,348.00. Following the completion of the sale, the executive vice president now directly owns 159,240 shares of the company’s stock, valued at approximately $23,532,487.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 6,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $147.78, for a total transaction of $975,348.00. Following the completion of the transaction, the executive vice president now owns 159,240 shares of the company’s stock, valued at approximately $23,532,487.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 600 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $150.02, for a total value of $90,012.00. Following the transaction, the insider now directly owns 245,255,856 shares of the company’s stock, valued at approximately $36,793,283,517.12. The disclosure for this sale can be found here. In the last three months, insiders sold 19,763,036 shares of company stock valued at $2,801,006,374. 47.06% of the stock is owned by corporate insiders.
Walmart Trading Up 0.1 %
Walmart (NYSE:WMT – Get Rating) last posted its earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The business had revenue of $152.30 billion during the quarter, compared to analysts’ expectations of $147.91 billion. During the same period in the prior year, the business earned $1.30 EPS. Walmart’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 6.21 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on WMT shares. Royal Bank of Canada lifted their price target on shares of Walmart from $160.00 to $164.00 in a research note on Friday, May 19th. Roth Capital reiterated a “buy” rating on shares of Walmart in a research note on Tuesday, February 14th. Morgan Stanley decreased their price target on shares of Walmart from $161.00 to $160.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 22nd. Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, April 19th. Finally, BMO Capital Markets boosted their target price on shares of Walmart from $165.00 to $170.00 in a research note on Friday, May 19th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.13.
Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.
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