WealthPLAN Partners LLC Sells 27,381 Shares of Walmart Inc. (NYSE:WMT)

WealthPLAN Partners LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 22.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,557 shares of the retailer’s stock after selling 27,381 shares during the quarter. Walmart accounts for approximately 1.0% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 22nd biggest position. WealthPLAN Partners LLC’s holdings in Walmart were worth $7,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WMT. Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP bought a new stake in Walmart during the third quarter worth about $33,000. EntryPoint Capital LLC acquired a new stake in Walmart during the first quarter worth about $25,000. TruNorth Capital Management LLC increased its holdings in 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 buying an additional 249 shares during the period. Finally, Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at approximately $29,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on WMT shares. Wells Fargo & Company lifted their price objective on shares of Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada lifted their price target on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $83.92.

Walmart Stock Performance

Shares of WMT opened at $84.21 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $80.53 and its two-hundred day simple moving average is $72.10. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The stock has a market capitalization of $676.90 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at approximately $29,765,104.20. This trade represents a 0.00 % decrease in their ownership of the stock. 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. 45.58% of the stock is currently owned by company insiders.

About Walmart

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.