WealthPLAN Partners LLC Has $7.64 Million Holdings in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

WealthPLAN Partners LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 22.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,557 shares of the retailer’s stock after selling 27,381 shares during the period. Walmart accounts for approximately 1.0% of WealthPLAN Partners LLC’s holdings, making the stock its 22nd largest holding. WealthPLAN Partners LLC’s holdings in Walmart were worth $7,636,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WMT. Investment Advisory Group LLC grew its stake in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the last quarter. Jag Capital Management LLC boosted its position in Walmart by 1.4% in the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after buying an additional 132 shares during the last quarter. Professional Financial Advisors LLC increased its stake in shares of Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after buying an additional 137 shares during the period. Inspire Advisors LLC raised its position in shares of Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after acquiring an additional 137 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after acquiring an additional 137 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $84.21 on Tuesday. The stock’s 50-day simple moving average is $80.53 and its 200 day simple moving average is $72.10. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market cap of $676.90 billion, a P/E ratio of 43.86, a P/E/G ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Guggenheim boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. KeyCorp lifted their target price on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, TD Cowen increased their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus target price of $83.92.

Read Our Latest Research Report on WMT

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.00 % 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 this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Company Profile

(Free Report)

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.

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