Plan Group Financial LLC Purchases 7,339 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Plan Group Financial LLC increased its stake in Walmart Inc. by 54.4%, acquiring an additional 7,339 shares, bringing its total ownership to 20,837 shares valued at approximately $1.83 million.
• Walmart reported earnings of $0.61 per share in its latest quarterly results, exceeding analysts' expectations, with revenue of $165.61 billion—a 2.5% increase from the previous year.
• Several analysts maintain a predominantly positive outlook, with a consensus target price of $106.67 and a majority rating of “buy” for Walmart’s stock.

Plan Group Financial LLC boosted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 54.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,837 shares of the retailer's stock after purchasing an additional 7,339 shares during the quarter. Plan Group Financial LLC's holdings in Walmart were worth $1,829,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Whelan Financial increased its position in shares of Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after buying an additional 97 shares during the period. Bedel Financial Consulting Inc. grew its holdings in shares of Walmart by 0.4% during the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after purchasing an additional 102 shares in the last quarter. Scott & Selber Inc. grew its holdings in shares of Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after purchasing an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC grew its holdings in shares of Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after purchasing an additional 105 shares in the last quarter. Finally, Lauterbach Financial Advisors LLC grew its holdings in shares of Walmart by 1.8% during the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.4%

WMT stock traded down $0.38 during midday trading on Tuesday, hitting $99.21. The company had a trading volume of 17,974,182 shares, compared to its average volume of 13,850,635. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a market cap of $791.74 billion, a price-to-earnings ratio of 42.40, a PEG ratio of 4.79 and a beta of 0.66. The stock's 50 day moving average price is $96.92 and its 200 day moving average price is $95.13. 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 announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.60 earnings per share. As a group, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. KeyCorp boosted their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. UBS Group cut their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Royal Bank Of Canada reissued 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. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. One analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart has a consensus rating of "Buy" and an average price target of $106.67.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,112 shares of company stock worth $14,080,073 in the last ninety days. Insiders own 45.58% of the company's stock.

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.