Parkside Investments LLC Has $9.07 Million Stock Position in Walmart Inc. (NYSE:WMT)

Parkside Investments LLC increased its stake in Walmart Inc. (NYSE:WMT) by 188.3% during the first quarter, Holdings Channel.com reports. The fund owned 150,806 shares of the retailer’s stock after buying an additional 98,489 shares during the period. Walmart makes up about 1.4% of Parkside Investments LLC’s portfolio, making the stock its 29th biggest position. Parkside Investments LLC’s holdings in Walmart were worth $9,074,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. increased its holdings in Walmart by 4.2% in the third quarter. Mather Group LLC. now owns 18,457 shares of the retailer’s stock worth $2,952,000 after purchasing an additional 751 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Walmart by 10.4% during the third quarter. Tower Research Capital LLC TRC now owns 81,457 shares of the retailer’s stock valued at $13,027,000 after acquiring an additional 7,672 shares in the last quarter. Morningstar Investment Services LLC increased its holdings in shares of Walmart by 55.4% during the third quarter. Morningstar Investment Services LLC now owns 3,238 shares of the retailer’s stock valued at $526,000 after acquiring an additional 1,155 shares in the last quarter. Cape Cod Five Cents Savings Bank bought a new stake in shares of Walmart during the third quarter valued at approximately $324,000. Finally, Ancora Advisors LLC increased its holdings in shares of Walmart by 3.2% during the third quarter. Ancora Advisors LLC now owns 42,101 shares of the retailer’s stock valued at $6,733,000 after acquiring an additional 1,317 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Roth Mkm lifted their target price on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Robert W. Baird lifted their target price on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Royal Bank of Canada boosted their price objective on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Citigroup boosted their price objective on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, TD Cowen boosted their price objective on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the transaction, the chief executive officer now directly owns 4,047,767 shares in the company, valued at approximately $244,687,515.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $60.45, for a total value of $1,760,545.80. Following the sale, the chief executive officer now owns 4,047,767 shares of the company’s stock, valued at $244,687,515.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,480,846 shares of company stock worth $949,751,461. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

NYSE WMT traded up $0.84 during trading on Wednesday, reaching $68.26. The company’s stock had a trading volume of 5,740,822 shares, compared to its average volume of 18,050,967. The stock has a market capitalization of $549.05 billion, a PE ratio of 29.30, a P/E/G ratio of 3.89 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. The firm has a fifty day moving average of $63.56 and a 200 day moving average of $59.05. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. Analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

About Walmart

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.