Planning Capital Management Corp Has $5.17 Million Position in Walmart Inc. (NYSE:WMT)

Planning Capital Management Corp lowered its position in shares of Walmart Inc. (NYSE:WMT) by 13.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,957 shares of the retailer’s stock after selling 9,775 shares during the period. Walmart comprises about 3.4% of Planning Capital Management Corp’s portfolio, making the stock its 4th biggest position. Planning Capital Management Corp’s holdings in Walmart were worth $5,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Walmart by 284.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after acquiring an additional 8,225,552 shares during the period. International Assets Investment Management LLC increased its position in Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after acquiring an additional 6,885,106 shares during the period. Finally, BlueSpruce Investments LP raised its stake in shares of Walmart by 186.6% during the first quarter. BlueSpruce Investments LP now owns 10,332,775 shares of the retailer’s stock valued at $621,723,000 after acquiring an additional 6,727,200 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.6 %

Walmart stock opened at $85.54 on Thursday. The firm has a market capitalization of $687.59 billion, a price-to-earnings ratio of 44.47, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The firm’s fifty day moving average price is $80.99 and its two-hundred day moving average price is $72.53. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.79. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. On average, equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares in the company, valued at approximately $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Jefferies Financial Group increased their price objective on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. BMO Capital Markets restated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. DA Davidson upped their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Morgan Stanley upped their price objective on shares of Walmart from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $84.84.

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.