Walmart Inc. (NYSE:WMT) Shares Sold by Capital Planning Advisors LLC

Key Points

• Capital Planning Advisors LLC decreased its stake in Walmart Inc. by 4.3%, selling 3,021 shares and ending the period with 66,682 shares valued at approximately $5.85 million.
• Insider sales included EVP Kathryn J. Mclay and CEO C Douglas Mcmillon, who sold significant amounts of stock, indicating a 2.56% and 0.65% decrease in their respective ownership stakes.
• Walmart's recent quarterly earnings reported an EPS of $0.61, surpassing estimates and reflecting a 2.5% year-over-year revenue increase to $165.61 billion.

Capital Planning Advisors LLC decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,682 shares of the retailer's stock after selling 3,021 shares during the period. Capital Planning Advisors LLC's holdings in Walmart were worth $5,854,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Operose Advisors LLC boosted its holdings in shares of Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after buying an additional 243 shares in the last quarter. Bear Mountain Capital Inc. raised its position in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares during the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart in the 1st quarter valued at $35,000. Lipe & Dalton raised its position in Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after purchasing an additional 200 shares during the last quarter. Finally, Nexus Investment Management ULC purchased a new stake in Walmart in the 1st quarter valued at $49,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,112 shares of company stock valued at $14,080,073. Insiders own 0.10% of the company's stock.

Walmart Price Performance

Walmart stock opened at $103.77 on Monday. Walmart Inc. has a 12-month low of $67.14 and a 12-month high of $105.30. The stock has a market capitalization of $828.13 billion, a P/E ratio of 44.35, a P/E/G ratio of 4.99 and a beta of 0.66. The firm's 50-day moving average is $97.30 and its two-hundred day moving average is $95.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. DA Davidson reiterated a "buy" rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Truist Financial upped their price target on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Finally, Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Walmart presently has an average rating of "Buy" and an average target price 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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