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

Thrive Wealth Management LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 259.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,991 shares of the retailer’s stock after purchasing an additional 5,048 shares during the period. Thrive Wealth Management LLC’s holdings in Walmart were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Walmart by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock valued at $21,944,764,000 after buying an additional 751,713 shares in the last quarter. Morgan Stanley grew its holdings in shares of Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after purchasing an additional 426,388 shares in the last quarter. Norges Bank bought a new stake in Walmart in the fourth quarter worth $3,674,652,000. Price T Rowe Associates Inc. MD increased its position in Walmart by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after purchasing an additional 2,150,351 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Walmart by 0.6% during the third quarter. Ameriprise Financial Inc. now owns 13,011,647 shares of the retailer’s stock valued at $2,081,120,000 after purchasing an additional 78,981 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Robert W. Baird boosted their price objective on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Roth Mkm raised their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Royal Bank of Canada boosted their target price on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, UBS Group increased their price target on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Stock Down 0.0 %

NYSE WMT traded down $0.03 during trading on Friday, reaching $67.85. 932,129 shares of the company’s stock traded hands, compared to its average volume of 17,942,248. The company’s 50 day simple moving average is $63.74 and its two-hundred day simple moving average is $59.11. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $69.04. The firm has a market cap of $545.75 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 3.94 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. As a group, sell-side analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the completion of the sale, the insider now directly owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the sale, the executive vice president now owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the completion of the transaction, the insider now directly owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The disclosure for this sale can be found here. In the last three months, insiders sold 14,451,722 shares of company stock valued at $947,990,915. Corporate insiders own 45.58% of the company’s stock.

Walmart Company 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.