Strategic Planning Group LLC Acquires 2,366 Shares of Walmart Inc. (NYSE:WMT)

Strategic Planning Group LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 175,010 shares of the retailer’s stock after purchasing an additional 2,366 shares during the period. Walmart makes up approximately 2.9% of Strategic Planning Group LLC’s holdings, making the stock its 11th largest position. Strategic Planning Group LLC’s holdings in Walmart were worth $15,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter worth $26,000. Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter worth about $32,000. Hoese & Co LLP bought a new stake in Walmart during the 3rd quarter valued at about $33,000. Finally, Livelsberger Financial Advisory bought a new stake in Walmart during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WMT. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Roth Mkm increased their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. UBS Group lifted their target price on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial upped their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Walmart in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.11.

Walmart Price Performance

NYSE:WMT opened at $97.97 on Friday. The stock has a market cap of $787.00 billion, a PE ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s 50-day simple moving average is $92.91 and its two-hundred day simple moving average is $82.90. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $99.00.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the firm earned $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

About Walmart

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.