Walmart Inc. (NYSE:WMT) Stock Position Lessened by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 16.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,800 shares of the retailer’s stock after selling 534 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Walmart were worth $168,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WMT. Edgestream Partners L.P. lifted its position in Walmart by 270.0% in the first quarter. Edgestream Partners L.P. now owns 70,145 shares of the retailer’s stock worth $4,221,000 after purchasing an additional 51,189 shares during the period. Strait & Sound Wealth Management LLC lifted its holdings in shares of Walmart by 192.5% in the first quarter. Strait & Sound Wealth Management LLC now owns 17,157 shares of the retailer’s stock valued at $1,031,000 after buying an additional 11,291 shares during the period. Nicola Wealth Management LTD. boosted its stake in Walmart by 102.5% during the first quarter. Nicola Wealth Management LTD. now owns 280,200 shares of the retailer’s stock valued at $16,860,000 after buying an additional 141,800 shares in the last quarter. Hutner Capital Management Inc. grew its holdings in Walmart by 198.8% during the first quarter. Hutner Capital Management Inc. now owns 67,312 shares of the retailer’s stock worth $4,050,000 after acquiring an additional 44,784 shares during the period. Finally, Patten & Patten Inc. TN raised its position in Walmart by 216.1% in the first quarter. Patten & Patten Inc. TN now owns 235,625 shares of the retailer’s stock worth $14,178,000 after acquiring an additional 161,095 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Evercore ISI lifted their price objective on shares of Walmart from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Raymond James upped their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Barclays increased their price objective on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. KeyCorp lifted their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, BMO Capital Markets upped their target price on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.09.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,527,738 shares of company stock worth $953,190,060. 45.58% of the stock is owned by insiders.

Walmart Stock Down 0.5 %

NYSE WMT traded down $0.37 during trading on Monday, hitting $70.38. 12,657,814 shares of the company traded hands, compared to its average volume of 17,393,406. The company has a market capitalization of $566.10 billion, a P/E ratio of 30.20, a PEG ratio of 4.08 and a beta of 0.50. The business has a fifty day simple moving average of $66.96 and a 200 day simple moving average of $61.26. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $71.33. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

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.