Abacus Planning Group Inc. Purchases 660 Shares of Walmart Inc. (NYSE:WMT)

Abacus Planning Group Inc. increased its position in Walmart Inc. (NYSE:WMT) by 4.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,116 shares of the retailer’s stock after buying an additional 660 shares during the quarter. Abacus Planning Group Inc.’s holdings in Walmart were worth $1,546,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brophy Wealth Management LLC bought a new position in shares of Walmart in the 3rd quarter worth $2,072,000. Bank of New Hampshire lifted its holdings in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Iowa State Bank lifted its holdings in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Walmart in the 3rd quarter valued at $541,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT opened at $103.90 on Thursday. The company has a market cap of $834.69 billion, a PE ratio of 42.64, a price-to-earnings-growth ratio of 4.39 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $95.56 and a 200-day moving average price of $86.17. Walmart Inc. has a 12-month low of $57.60 and a 12-month high of $105.30.

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

Analysts Set New Price Targets

A number of research firms recently commented on WMT. JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Bank of America increased their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein increased their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Piper Sandler increased their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Truist Financial increased their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.87.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 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 trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,177 shares of company stock valued at $16,403,728. Corporate 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.