Thrive Wealth Management LLC Increases Stake in Walmart Inc. (NYSE:WMT)

Thrive Wealth Management LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,908 shares of the retailer’s stock after buying an additional 106 shares during the quarter. Thrive Wealth Management LLC’s holdings in Walmart were worth $300,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of WMT. Sageworth Trust Co raised its position in Walmart by 2,414.3% during the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after buying an additional 169 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Walmart during the 4th quarter worth $27,000. NewSquare Capital LLC grew its stake in shares of Walmart by 58.3% during the 1st quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock worth $28,000 after purchasing an additional 70 shares during the period. First Command Advisory Services Inc. grew its stake in shares of Walmart by 387.8% during the 1st quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock worth $29,000 after purchasing an additional 159 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Walmart during the 1st quarter worth $29,000. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMT. Citigroup upped their price target on shares of Walmart from $174.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. Telsey Advisory Group increased their price objective on shares of Walmart from $168.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Stifel Nicolaus increased their price objective on shares of Walmart from $163.00 to $167.00 and gave the company a “hold” rating in a research note on Monday, August 14th. TD Cowen reissued an “outperform” rating and issued a $185.00 price objective on shares of Walmart in a research note on Tuesday, September 5th. Finally, Jefferies Financial Group increased their price objective on shares of Walmart from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.51.

Walmart Trading Down 0.7 %

WMT opened at $163.42 on Tuesday. The firm has a market capitalization of $439.85 billion, a P/E ratio of 31.43, a P/E/G ratio of 3.89 and a beta of 0.49. The firm’s 50 day moving average is $159.34 and its 200-day moving average is $152.70. Walmart Inc. has a 52-week low of $128.07 and a 52-week high of $165.85. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 17th. The retailer reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $161.63 billion for the quarter, compared to analyst estimates of $160.22 billion. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 earnings per share. Analysts expect that Walmart Inc. will post 6.44 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, Director S Robson Walton sold 1,183,630 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $155.52, for a total transaction of $184,078,137.60. Following the completion of the sale, the director now owns 240,230,516 shares of the company’s stock, valued at $37,360,649,848.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Jim C. Walton sold 2,149,275 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $153.97, for a total transaction of $330,923,871.75. Following the completion of the sale, the insider now owns 235,440,961 shares of the company’s stock, valued at $36,250,844,765.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 1,183,630 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $155.52, for a total transaction of $184,078,137.60. Following the sale, the director now directly owns 240,230,516 shares of the company’s stock, valued at approximately $37,360,649,848.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,493,773 shares of company stock valued at $1,005,802,298. 46.51% of the stock is currently owned by corporate insiders.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.