Capasso Planning Partners LLC Trims Position in Walmart Inc. (NYSE:WMT)

Capasso Planning Partners LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 37.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,243 shares of the retailer’s stock after selling 1,983 shares during the quarter. Capasso Planning Partners LLC’s holdings in Walmart were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of WMT. Brophy Wealth Management LLC purchased a new position in shares of Walmart during the 3rd quarter worth approximately $2,072,000. Fisher Asset Management LLC raised its position in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after acquiring an additional 350,881 shares in the last quarter. Oxbow Advisors LLC lifted its holdings in Walmart by 45.0% in the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after acquiring an additional 8,834 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Walmart by 21.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after purchasing an additional 105,430 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 359,616 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the sale, the insider now directly owns 603,989,702 shares in the company, valued at approximately $47,262,194,181.50. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the transaction, the executive vice president now owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,309,091 shares of company stock worth $183,375,539. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.9 %

Shares of NYSE WMT opened at $94.12 on Friday. The stock has a market capitalization of $756.10 billion, a PE ratio of 38.63, a P/E/G ratio of 4.51 and a beta of 0.54. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $85.83 and a 200-day moving average of $76.74. Walmart Inc. has a 52-week low of $50.21 and a 52-week high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. On average, analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Sanford C. Bernstein raised their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Melius Research began coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.40.

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.