Consolidated Planning Corp Sells 2,319 Shares of Walmart Inc. (NYSE:WMT)

Consolidated Planning Corp reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 2.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 103,546 shares of the retailer’s stock after selling 2,319 shares during the period. Walmart comprises 1.2% of Consolidated Planning Corp’s investment portfolio, making the stock its 19th biggest position. Consolidated Planning Corp’s holdings in Walmart were worth $8,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of WMT. Vanguard Group Inc. lifted its holdings in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Legal & General Group Plc raised its position in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the period. Raymond James & Associates lifted its stake in shares of Walmart by 3.0% during the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after buying an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Walmart by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after buying an additional 834,005 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 over the last three months. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.5 %

NYSE:WMT opened at $83.84 on Friday. The stock has a market cap of $673.93 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 4.18 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average price is $80.22 and its 200-day moving average price is $71.67. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54.

Walmart (NYSE:WMT) last posted its quarterly 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 quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WMT. Telsey Advisory Group boosted their target price on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. Evercore ISI lifted their target price on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of “Buy” and a consensus target price of $83.92.

Walmart 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.