Consolidated Planning Corp Raises Position in Walmart Inc. (NYSE:WMT)

Consolidated Planning Corp lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,661 shares of the retailer's stock after purchasing an additional 6,358 shares during the period. Walmart comprises approximately 1.3% of Consolidated Planning Corp's portfolio, making the stock its 19th largest position. Consolidated Planning Corp's holdings in Walmart were worth $9,803,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WMT. LaFleur & Godfrey LLC lifted its position in shares of Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after purchasing an additional 992 shares during the last quarter. Eagle Capital Management LLC lifted its position in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the last quarter. Brighton Jones LLC lifted its position in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its stake in Walmart by 1.6% during the 4th quarter. SOA Wealth Advisors LLC. now owns 9,194 shares of the retailer's stock worth $831,000 after acquiring an additional 142 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,419 shares of company stock worth $14,295,650. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Stifel Nicolaus dropped their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a report on Monday, May 5th. UBS Group dropped their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Walmart Trading Up 1.8%

Shares of Walmart stock opened at $97.88 on Tuesday. Walmart Inc. has a 52-week low of $66.55 and a 52-week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company's 50-day simple moving average is $96.45 and its 200-day simple moving average is $94.15. The firm has a market cap of $781.12 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's payout ratio is currently 40.17%.

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.

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