WealthPlan Investment Management LLC Sells 15,524 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• WealthPlan Investment Management LLC sold 15,524 shares of Walmart, reducing its stake by 8.2% to a total of 174,729 shares, worth approximately $15.34 million.
• Several institutional investors have increased their stakes in Walmart, with notable increases including Ontario Teachers Pension Plan Board, which raised its holdings by 28,684.8%, now owning over 4.2 million shares.
• Walmart's recent quarterly earnings report showed an earnings per share (EPS) of $0.61, surpassing analysts' expectations of $0.58, alongside revenue of $165.61 billion.

WealthPlan Investment Management LLC lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 174,729 shares of the retailer's stock after selling 15,524 shares during the period. Walmart makes up about 1.5% of WealthPlan Investment Management LLC's investment portfolio, making the stock its 11th biggest holding. WealthPlan Investment Management LLC's holdings in Walmart were worth $15,339,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Ironwood Investment Counsel LLC increased its stake in Walmart by 1.0% in the first quarter. Ironwood Investment Counsel LLC now owns 31,966 shares of the retailer's stock valued at $2,806,000 after purchasing an additional 326 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Walmart during the first quarter worth $15,159,000. Ontario Teachers Pension Plan Board raised its holdings in shares of Walmart by 28,684.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock worth $371,295,000 after acquiring an additional 4,214,661 shares during the period. Deutsche Bank AG raised its holdings in shares of Walmart by 33.4% during the first quarter. Deutsche Bank AG now owns 13,683,991 shares of the retailer's stock worth $1,201,318,000 after acquiring an additional 3,427,615 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Walmart by 28.0% during the first quarter. Chicago Partners Investment Group LLC now owns 51,436 shares of the retailer's stock worth $4,516,000 after acquiring an additional 11,238 shares during the period. Institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WMT. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday. Mizuho raised their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. DA Davidson restated a "buy" rating and set a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Finally, Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $106.67.

Walmart Price Performance

Walmart stock opened at $103.27 on Thursday. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The stock's 50 day moving average is $97.07 and its 200-day moving average is $95.22. 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 company has a market capitalization of $824.14 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 4.78 and a beta of 0.66.

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

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the sale, the chief executive officer owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,744 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total transaction of $166,726.40. Following the completion of the transaction, the executive vice president owned 649,233 shares of the company's stock, valued at $62,066,674.80. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,112 shares of company stock worth $14,080,073. 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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