Total Wealth Planning & Management Inc. Purchases New Position in Walmart Inc. (NYSE:WMT)

Total Wealth Planning & Management Inc. purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,448 shares of the retailer's stock, valued at approximately $854,000. Walmart comprises 0.8% of Total Wealth Planning & Management Inc.'s holdings, making the stock its 25th largest position.

A number of other institutional investors also recently bought and sold shares of WMT. 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 worth $392,000 after purchasing an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC increased its position in shares of Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after purchasing an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. increased its position in shares of Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after purchasing an additional 103 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC increased its position in shares of Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after purchasing an additional 106 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WMT shares. Mizuho started coverage on Walmart in a research report on Friday, April 11th. They set an "outperform" rating and a $105.00 target price on the stock. Evercore ISI cut their target price on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. DA Davidson restated a "buy" rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Finally, Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.94.

Walmart Price Performance

Shares of NYSE:WMT traded down $0.35 during trading on Wednesday, hitting $97.23. 11,099,384 shares of the stock were exchanged, compared to its average volume of 17,850,144. The company has a fifty day moving average price of $92.77 and a two-hundred day moving average price of $93.15. The company has a market cap of $777.93 billion, a PE ratio of 40.34, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $64.16 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president now owns 1,064,455 shares of the company's stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,583 shares of company stock valued at $16,701,404. 45.58% of the stock is owned by corporate insiders.

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.