Retirement Planning Co of New England Inc. Sells 338 Shares of Walmart Inc. (NYSE:WMT)

Retirement Planning Co of New England Inc. cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,588 shares of the retailer’s stock after selling 338 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Walmart were worth $717,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after buying an additional 18,865,484 shares during the period. Norges Bank purchased a new position in shares of Walmart in the 4th quarter worth $3,674,652,000. Finally, Raymond James & Associates grew its holdings in shares of Walmart by 16.0% in the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after acquiring an additional 2,246,656 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the sale, 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. Insiders sold 10,203,360 shares of company stock valued at $788,678,803 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on WMT. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Royal Bank of Canada boosted their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. DA Davidson increased their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. HSBC boosted their price objective on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, Truist Financial raised their target price on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Price Performance

NYSE:WMT opened at $80.60 on Friday. The business’s 50-day moving average is $72.51 and its 200 day moving average is $66.14. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $80.68. The company has a market capitalization of $647.88 billion, a P/E ratio of 34.49, a P/E/G ratio of 3.99 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $168.56 billion. During the same period in the prior year, the company earned $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share 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.