Holistic Planning LLC Has $1.60 Million Stock Position in Walmart Inc. (NYSE:WMT)

Holistic Planning LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 73.8% during the third quarter, Holdings Channel.com reports. The firm owned 19,838 shares of the retailer’s stock after acquiring an additional 8,425 shares during the quarter. Holistic Planning LLC’s holdings in Walmart were worth $1,602,000 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 position in Walmart during the 1st quarter worth about $25,000. TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% in the second 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. Cultivar Capital Inc. bought a new position in shares of Walmart during the second quarter worth about $29,000. FSA Wealth Management LLC lifted its stake in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the period. Finally, Kozak & Associates Inc. boosted its holdings in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.2 %

Shares of Walmart stock opened at $84.87 on Friday. 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 stock has a fifty day simple moving average of $80.53 and a 200 day simple moving average of $71.92. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.54. The company has a market capitalization of $682.21 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 4.18 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on WMT. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Wells Fargo & Company upped their price target on shares of Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Barclays lifted their price objective on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $83.92.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

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.