Parkside Advisors LLC Acquires 2,792 Shares of Walmart Inc. (NYSE:WMT)

Parkside Advisors LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 201.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,178 shares of the retailer’s stock after purchasing an additional 2,792 shares during the quarter. Parkside Advisors LLC’s holdings in Walmart were worth $252,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in Walmart during the 4th quarter worth approximately $3,674,652,000. BlueSpruce Investments LP bought a new position in shares of Walmart in the fourth quarter worth approximately $568,419,000. International Assets Investment Management LLC increased its stake in shares of Walmart by 15,371.4% in the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after buying an additional 3,488,530 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after buying an additional 2,150,351 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in Walmart by 14,035.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,274,428 shares of the retailer’s stock valued at $200,914,000 after buying an additional 1,265,412 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Telsey Advisory Group upped their target price on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Barclays raised their price target on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. TD Cowen boosted their price objective on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Bank of America raised their target price on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $69.97.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the transaction, the executive vice president now directly owns 524,613 shares of the company’s stock, valued at $31,613,179.38. The disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock valued at $950,549,592 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

NYSE WMT opened at $67.91 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $68.55. The stock has a market cap of $546.24 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.92 and a beta of 0.52. The company’s 50 day moving average is $63.23 and its two-hundred day moving average is $58.75.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the company earned $0.49 EPS. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

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.