Walmart Inc. (NYSE:WMT) is WealthPlan Investment Management LLC’s 9th Largest Position

WealthPlan Investment Management LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,253 shares of the retailer’s stock after selling 18,684 shares during the quarter. Walmart comprises approximately 1.7% of WealthPlan Investment Management LLC’s holdings, making the stock its 9th biggest position. WealthPlan Investment Management LLC’s holdings in Walmart were worth $17,189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter worth approximately $32,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Finally, Livelsberger Financial Advisory bought a new position in Walmart in the 3rd quarter worth approximately $36,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 175,177 shares of company stock worth $16,403,728. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $104.04 on Friday. The firm has a market cap of $835.78 billion, a P/E ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $55.99 and a 12 month high of $105.30. The stock’s fifty day moving average price is $94.99 and its 200-day moving average price is $85.33.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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 business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WMT shares. Jefferies Financial Group upped their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Piper Sandler upped their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Tigress Financial upped their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Company increased their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Stifel Nicolaus increased their target price on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $99.17.

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.