Holistic Planning LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Holistic Planning LLC grew its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,450 shares of the retailer's stock after purchasing an additional 6,437 shares during the period. Walmart comprises about 0.8% of Holistic Planning LLC's holdings, making the stock its 26th largest holding. Holistic Planning LLC's holdings in Walmart were worth $2,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Walmart in the fourth quarter worth approximately $5,737,355,000. Raymond James Financial Inc. purchased a new position in shares of Walmart during the fourth quarter worth approximately $2,306,627,000. GAMMA Investing LLC lifted its holdings in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after acquiring an additional 7,860,306 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock valued at $324,410,000 after purchasing an additional 3,512,368 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Barclays reissued an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, KeyCorp boosted their price objective on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.50.

Walmart Stock Down 1.1%

Shares of NYSE:WMT opened at $96.22 on Friday. The firm has a market capitalization of $767.85 billion, a P/E ratio of 41.12, a P/E/G ratio of 4.75 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a 50 day moving average price of $96.71 and a 200-day moving average price of $94.22. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30.

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

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 40.17%.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the transaction, the executive vice president now directly owns 1,060,455 shares in the company, valued at $100,997,734.20. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company's stock, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 123,295 shares of company stock valued at $11,801,762 in the last three months. Company insiders own 45.58% of the company's stock.

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.

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