WealthPlan Investment Management LLC Has $16.87 Million Stock Position in Walmart Inc. (NYSE:WMT)

WealthPlan Investment Management LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 12.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 208,937 shares of the retailer’s stock after purchasing an additional 22,961 shares during the period. Walmart makes up approximately 1.7% of WealthPlan Investment Management LLC’s holdings, making the stock its 8th largest position. WealthPlan Investment Management LLC’s holdings in Walmart were worth $16,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Swiss National Bank raised its stake in Walmart by 187.4% in the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after purchasing an additional 8,674,100 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Walmart by 284.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after acquiring an additional 8,225,552 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after purchasing an additional 6,885,106 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.7 %

Shares of NYSE:WMT opened at $84.21 on Tuesday. The company has a market cap of $676.90 billion, a PE ratio of 43.86, a P/E/G ratio of 4.25 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54. The company’s 50 day moving average is $80.67 and its two-hundred day moving average is $72.27. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction dated Thursday, September 5th. The shares were 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 in the company, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the 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 directly owns 378,165 shares in the company, valued at $31,054,909.80. 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 three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein assumed coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target on the stock. Guggenheim upped their price target on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a report on Monday, October 28th. Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company boosted their price target on shares of Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One 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 stock. According to data from MarketBeat.com, the company currently 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.