Zimmermann Investment Management & Planning LLC Has $1.31 Million Position in Walmart Inc. (NYSE:WMT)

Zimmermann Investment Management & Planning LLC grew its position in Walmart Inc. (NYSE:WMT) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,394 shares of the retailer’s stock after acquiring an additional 1,526 shares during the period. Zimmermann Investment Management & Planning LLC’s holdings in Walmart were worth $1,313,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc lifted its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC boosted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in shares of Walmart in the second quarter valued at about $29,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth about $30,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director S Robson Walton sold 933,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $64.92, for a total transaction of $60,570,360.00. Following the transaction, the director now owns 642,016,611 shares in the company, valued at $41,679,718,386.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 933,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $64.92, for a total transaction of $60,570,360.00. Following the transaction, the director now owns 642,016,611 shares of the company’s stock, valued at approximately $41,679,718,386.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,265,089 shares of company stock worth $482,716,014. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. KeyCorp increased their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Wells Fargo & Company boosted their price target on Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Truist Financial upped their price objective on Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday, August 16th. Finally, Bank of America lifted their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $78.64.

Walmart Trading Down 0.0 %

Shares of Walmart stock traded down $0.03 during trading on Wednesday, hitting $76.10. The company’s stock had a trading volume of 9,806,516 shares, compared to its average volume of 17,415,627. The stock has a market cap of $612.11 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 3.81 and a beta of 0.50. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $76.45. The stock has a 50-day moving average price of $70.02 and a two-hundred day moving average price of $64.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.