Keener Financial Planning LLC Sells 4,741 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Keener Financial Planning LLC significantly reduced its Walmart holdings by selling 4,741 shares, decreasing their stake by 94% to just 305 shares valued at $26,000.
• Walmart's stock recently increased by 1.0%, with a current trading price of $99.49 and a market capitalization of approximately $793.95 billion.
• Walmart reported earnings of $0.61 EPS, surpassing expectations, with quarterly revenue reaching $165.61 billion, reflecting a 2.5% year-over-year increase.

Keener Financial Planning LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 94.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 305 shares of the retailer's stock after selling 4,741 shares during the quarter. Keener Financial Planning LLC's holdings in Walmart were worth $26,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Full Sail Capital LLC boosted its stake in Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after purchasing an additional 541 shares during the period. Leslie Global Wealth LLC raised its holdings in Walmart by 22.0% in the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock valued at $285,000 after acquiring an additional 568 shares in the last quarter. Monument Capital Management raised its holdings in Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock valued at $4,829,000 after acquiring an additional 26,685 shares in the last quarter. Milestone Asset Management LLC raised its holdings in Walmart by 156.7% in the 1st quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer's stock valued at $4,799,000 after acquiring an additional 33,370 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in Walmart in the 4th quarter valued at approximately $1,404,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Up 1.0%

NYSE WMT opened at $99.49 on Tuesday. The stock has a fifty day moving average of $96.92 and a 200-day moving average of $95.13. The stock has a market capitalization of $793.95 billion, a P/E ratio of 42.52, a price-to-earnings-growth ratio of 4.74 and a beta of 0.66. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during 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 business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the sale, the executive vice president directly owned 932,313 shares of the company's stock, valued at $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the sale, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,112 shares of company stock valued at $14,080,073 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WMT shares. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Truist Financial upped their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Raymond James Financial cut their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Two 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, Walmart has a consensus rating of "Moderate Buy" and an average price target of $106.67.

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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