Creative Planning Grows Holdings in Walmart Inc. (NYSE:WMT)

Creative Planning raised its position in shares of Walmart Inc. (NYSE:WMT) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800,743 shares of the retailer’s stock after purchasing an additional 83,376 shares during the quarter. Creative Planning’s holdings in Walmart were worth $142,973,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter worth approximately $25,000. TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in Walmart in the 2nd quarter valued at $29,000. FSA Wealth Management LLC lifted its stake 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 purchasing an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. boosted its holdings in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after purchasing an additional 344 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WMT shares. Citigroup increased their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company increased their target price on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $89.00 in a research note on Tuesday, September 24th. UBS Group lifted their price objective on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One investment 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.com, Walmart presently has an average rating of “Buy” and an average target price of $82.96.

Walmart Stock Up 0.5 %

Shares of Walmart stock opened at $81.31 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market cap of $654.02 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 4.02 and a beta of 0.51. The firm’s 50-day moving average is $77.90 and its two-hundred day moving average is $69.61.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. As a group, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,267,901 over the last quarter. 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.