Walmart Inc. (NYSE:WMT) Shares Sold by Prescott Group Capital Management L.L.C.

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 %

Shares of WMT stock traded up $0.13 on Friday, reaching $146.29. The company had a trading volume of 1,416,392 shares, compared to its average volume of 6,165,151. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.71. The stock has a market cap of $394.60 billion, a PE ratio of 35.06, a PEG ratio of 4.32 and a beta of 0.48. The company has a 50-day moving average of $148.72 and a 200-day moving average of $145.87. Walmart Inc. has a 12 month low of $117.90 and a 12 month high of $154.64.

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 Profile

(Get Rating)

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.