Tempus Wealth Planning LLC Has $1.94 Million Stake in Walmart Inc. (NYSE:WMT)

Tempus Wealth Planning LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,061 shares of the retailer’s stock after buying an additional 233 shares during the period. Tempus Wealth Planning LLC’s holdings in Walmart were worth $1,943,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WMT. Strong Tower Advisory Services increased its position in shares of Walmart by 237.9% in the first quarter. Strong Tower Advisory Services now owns 19,297 shares of the retailer’s stock valued at $1,158,000 after acquiring an additional 13,586 shares during the last quarter. Capital Advisors Wealth Management LLC raised its stake in shares of Walmart by 228.0% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 5,648 shares of the retailer’s stock worth $340,000 after purchasing an additional 3,926 shares in the last quarter. Charles Schwab Trust Co boosted its holdings in shares of Walmart by 160.5% in the 1st quarter. Charles Schwab Trust Co now owns 21,537 shares of the retailer’s stock valued at $1,296,000 after buying an additional 13,269 shares during the last quarter. Wealth Management Partners LLC grew its stake in shares of Walmart by 213.3% in the first quarter. Wealth Management Partners LLC now owns 13,976 shares of the retailer’s stock valued at $841,000 after buying an additional 9,515 shares in the last quarter. Finally, Keystone Wealth Services LLC increased its holdings in Walmart by 186.3% during the first quarter. Keystone Wealth Services LLC now owns 6,964 shares of the retailer’s stock worth $419,000 after buying an additional 4,532 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMT has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Robert W. Baird lifted their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. BMO Capital Markets restated an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $83.51.

Walmart Stock Performance

Shares of Walmart stock opened at $82.02 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market cap of $659.73 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The company has a 50 day moving average of $78.42 and a 200-day moving average of $69.99. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $82.22.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,267,901 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

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.