Planning Directions Inc. Cuts Position in Walmart Inc. (NYSE:WMT)

Planning Directions Inc. lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 10.5% during the third quarter, HoldingsChannel.com reports. The firm owned 9,499 shares of the retailer’s stock after selling 1,120 shares during the period. Planning Directions Inc.’s holdings in Walmart were worth $767,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new stake in Walmart in the 1st quarter worth $25,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the third quarter worth about $26,000. TruNorth Capital Management LLC raised its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter valued at about $29,000. Finally, FSA Wealth Management LLC boosted its holdings in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 0.3 %

NYSE:WMT opened at $84.25 on Monday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a fifty day moving average price of $81.29 and a two-hundred day moving average price of $72.98. The stock has a market capitalization of $677.22 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 4.20 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WMT. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Piper Sandler restated an “overweight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. KeyCorp upped their target price on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Roth Mkm raised their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Guggenheim upped their price objective on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, October 28th. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $85.18.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last quarter. Company insiders own 45.58% of the company’s stock.

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.