Mayflower Financial Advisors LLC Increases Position in Walmart Inc. (NYSE:WMT)

Mayflower Financial Advisors LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 19.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,912 shares of the retailer’s stock after acquiring an additional 1,115 shares during the period. Mayflower Financial Advisors LLC’s holdings in Walmart were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc raised its position in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC raised its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in shares of Walmart in the second quarter worth approximately $29,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction 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 approximately $42,544,840,574.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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. Over the last 90 days, insiders have sold 10,144,237 shares of company stock valued at $730,497,016. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Citigroup lifted their target price on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Royal Bank of Canada boosted their price objective on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company lifted their target price on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Walmart Price Performance

Walmart stock opened at $76.96 on Friday. The business has a 50 day simple moving average of $71.27 and a 200-day simple moving average of $65.24. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market capitalization of $618.62 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $0.61 earnings per share. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

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.