WealthPLAN Partners LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

WealthPLAN Partners LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.5% in the second quarter, HoldingsChannel reports. The firm 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 portfolio, making the stock its 27th biggest holding. WealthPLAN Partners LLC’s holdings in Walmart were worth $8,256,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. EntryPoint Capital LLC acquired a new stake in Walmart during the first quarter worth approximately $25,000. Northwest Capital Management Inc boosted its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the last quarter. TruNorth Capital Management LLC boosted its holdings in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at $29,000. Finally, Able Wealth Management LLC acquired a new position in shares of Walmart in the 4th quarter valued at $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Walmart stock opened at $80.60 on Tuesday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02. The company has a market capitalization of $647.88 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm’s fifty day moving average price is $72.73 and its 200 day moving average price is $66.34.

Walmart (NYSE:WMT) last released its 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. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. On average, research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction dated 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 owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Jim C. Walton sold 934,000 shares of the business’s 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 sale, the insider now owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,203,360 shares of company stock valued at $788,678,803. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on WMT. Guggenheim lifted their price target on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Barclays lifted their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Truist Financial lifted their price target on shares of 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 shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

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.