Investment Planning Advisors Inc. Invests $201,000 in Walmart Inc. (NYSE:WMT)

Investment Planning Advisors Inc. purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,224 shares of the retailer’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in Walmart in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth $32,000. Voisard Asset Management Group Inc. increased its position in shares of 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 last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter valued at about $33,000. Finally, Livelsberger Financial Advisory bought a new position in shares of Walmart during the third quarter worth about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Truist Financial increased their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Piper Sandler lifted their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Wells Fargo & Company increased their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Finally, Roth Mkm upped their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 137,177 shares of company stock worth $12,649,328 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $98.61 on Friday. The company has a market capitalization of $792.15 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a fifty day moving average of $92.71 and a 200-day moving average of $82.79. Walmart Inc. has a one year low of $55.04 and a one year high of $98.93.

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

About Walmart

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.