WealthPlan Investment Management LLC Buys 22,961 Shares of Walmart Inc. (NYSE:WMT)

WealthPlan Investment Management LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 12.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,937 shares of the retailer’s stock after buying an additional 22,961 shares during the quarter. Walmart comprises 1.7% of WealthPlan Investment Management LLC’s portfolio, making the stock its 8th biggest position. WealthPlan Investment Management LLC’s holdings in Walmart were worth $16,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WMT. Harbour Investments Inc. increased its position in Walmart by 6.5% during the 3rd quarter. Harbour Investments Inc. now owns 52,709 shares of the retailer’s stock worth $4,256,000 after purchasing an additional 3,196 shares in the last quarter. Vestia Personal Wealth Advisors bought a new position in shares of Walmart in the third quarter worth $230,000. Everhart Financial Group Inc. boosted its holdings in Walmart by 14.1% during the 3rd quarter. Everhart Financial Group Inc. now owns 29,884 shares of the retailer’s stock valued at $2,413,000 after acquiring an additional 3,693 shares during the period. FDx Advisors Inc. increased its position in Walmart by 51.2% during the 3rd quarter. FDx Advisors Inc. now owns 6,150 shares of the retailer’s stock valued at $497,000 after purchasing an additional 2,082 shares during the period. Finally, Lynx Investment Advisory boosted its holdings in Walmart by 14.7% in the third quarter. Lynx Investment Advisory now owns 3,928 shares of the retailer’s stock worth $317,000 after acquiring an additional 502 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.7 %

Shares of Walmart stock opened at $84.21 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. 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 $676.90 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 4.25 and a beta of 0.51. The firm’s 50-day moving average price is $80.67 and its two-hundred day moving average price is $72.27.

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. 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 analysts’ expectations of $168.56 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were 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 owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen boosted their price target on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Evercore ISI increased their price target on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. upped their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Stifel Nicolaus lifted their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $83.92.

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.