Prospera Financial Services Inc Purchases 7,977 Shares of Walmart Inc. (NYSE:WMT)

Prospera Financial Services Inc lifted its position in Walmart Inc. (NYSE:WMT) by 2.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 303,875 shares of the retailer’s stock after purchasing an additional 7,977 shares during the period. Walmart accounts for approximately 0.6% of Prospera Financial Services Inc’s investment portfolio, making the stock its 27th largest holding. Prospera Financial Services Inc’s holdings in Walmart were worth $24,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. grew its stake in shares of Walmart by 141.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 171,904 shares of the retailer’s stock valued at $13,881,000 after purchasing an additional 100,652 shares during the period. OneAscent Financial Services LLC purchased a new stake in Walmart during the third quarter valued at approximately $1,349,000. Pathstone Holdings LLC boosted its stake in shares of Walmart by 4.5% during the 3rd quarter. Pathstone Holdings LLC now owns 503,665 shares of the retailer’s stock worth $40,669,000 after acquiring an additional 21,800 shares during the last quarter. Baron Wealth Management LLC increased its stake in shares of Walmart by 7.6% in the 3rd quarter. Baron Wealth Management LLC now owns 8,262 shares of the retailer’s stock worth $667,000 after purchasing an additional 586 shares in the last quarter. Finally, OneAscent Wealth Management LLC purchased a new position in Walmart during the third quarter valued at $999,000. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WMT shares. Bank of America lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company raised their target price on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. KeyCorp upped their price target on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler raised their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Roth Mkm upped their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Buy” and an average target price of $86.71.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares in the company, valued at approximately $29,765,104.20. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $84.09 on Tuesday. The company has a 50-day simple moving average of $81.43 and a two-hundred day simple moving average of $73.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a one year low of $49.85 and a one year high of $85.79. The company has a market capitalization of $675.94 billion, a PE ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51.

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.