WealthPLAN Partners LLC Has $8.50 Million Stock Position in Walmart Inc. (NYSE:WMT)

WealthPLAN Partners LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 94,106 shares of the retailer’s stock after selling 451 shares during the period. Walmart makes up approximately 1.2% of WealthPLAN Partners LLC’s holdings, making the stock its 20th largest holding. WealthPLAN Partners LLC’s holdings in Walmart were worth $8,503,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in Walmart in the fourth quarter worth approximately $32,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the third quarter worth approximately $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WMT shares. JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. TD Cowen increased their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Evercore ISI increased their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. UBS Group increased their price target on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Tigress Financial increased their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.17.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

NYSE:WMT opened at $104.04 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The business has a fifty day simple moving average of $94.99 and a two-hundred day simple moving average of $85.33. Walmart Inc. has a 1 year low of $55.99 and a 1 year high of $105.30. The company has a market capitalization of $835.78 billion, a P/E ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 2.48 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.