Walmart Inc. (NYSE:WMT) Shares Acquired by WealthPLAN Partners LLC

WealthPLAN Partners LLC increased its stake in Walmart Inc. (NYSE:WMT) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,938 shares of the retailer’s stock after acquiring an additional 4,105 shares during the period. Walmart makes up about 0.9% of WealthPLAN Partners LLC’s holdings, making the stock its 27th largest holding. WealthPLAN Partners LLC’s holdings in Walmart were worth $8,256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AHL Investment Management Inc. lifted its position in shares of Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares during the last quarter. Core Wealth Advisors Inc. raised its stake in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares in the last quarter. Liberty Wealth Management LLC purchased a new stake in Walmart in the first quarter valued at $270,000. Commerce Bank boosted its stake in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $80.60 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market cap of $647.88 billion, a P/E ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.02. The company has a 50-day moving average price of $72.73 and a 200 day moving average price of $66.34.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a filing with the SEC, which is available at this link. In other Walmart news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the transaction, the insider now directly owns 610,843,318 shares of the company’s stock, valued at $48,537,610,048.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,203,360 shares of company stock valued at $788,678,803. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WMT shares. Telsey Advisory Group upped their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Oppenheimer upped their price objective on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Wells Fargo & Company upped their price objective on shares of Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. HSBC upped their price objective on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, DA Davidson upped their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

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.