Asset Planning Corporation Invests $208,000 in Walmart Inc. (NYSE:WMT)

Asset Planning Corporation bought a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,298 shares of the retailer’s stock, valued at approximately $208,000.

Other institutional investors have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter worth $26,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter worth $27,000. Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter valued at $32,000. Finally, Hoese & Co LLP acquired a new stake in Walmart in the third quarter valued at $33,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

WMT stock opened at $99.60 on Tuesday. The company has a market capitalization of $800.13 billion, a P/E ratio of 40.88, a PEG ratio of 4.49 and a beta of 0.55. The company has a 50-day simple moving average of $93.07 and a 200 day simple moving average of $83.27. Walmart Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $99.79. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company earned $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WMT. Stifel Nicolaus upped their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Telsey Advisory Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Bank of America upped their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Truist Financial upped their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.37.

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.