Plancorp LLC decreased its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,065 shares of the retailer’s stock after selling 95 shares during the quarter. Plancorp LLC’s holdings in Walmart were worth $1,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mount Yale Investment Advisors LLC purchased a new position in shares of Walmart during the 1st quarter valued at approximately $837,000. Commonwealth Equity Services LLC lifted its position in shares of Walmart by 2.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 915,083 shares of the retailer’s stock valued at $134,929,000 after buying an additional 18,194 shares in the last quarter. Highland Capital Management LLC lifted its position in shares of Walmart by 17.6% during the 1st quarter. Highland Capital Management LLC now owns 6,205 shares of the retailer’s stock valued at $915,000 after buying an additional 927 shares in the last quarter. Legacy Capital Group California Inc. purchased a new position in shares of Walmart during the 1st quarter valued at approximately $906,000. Finally, Icon Wealth Partners LLC purchased a new position in shares of Walmart during the 1st quarter valued at approximately $1,174,000. Hedge funds and other institutional investors own 31.95% of the company’s stock.

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Insider Activity

In other news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $155.04, for a total value of $1,505,128.32. Following the completion of the transaction, the chief executive officer now owns 1,490,621 shares in the company, valued at approximately $231,105,879.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $155.04, for a total transaction of $1,505,128.32. Following the completion of the sale, the chief executive officer now owns 1,490,621 shares in the company, valued at $231,105,879.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 1,369,000 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $156.00, for a total value of $213,564,000.00. Following the completion of the transaction, the insider now directly owns 242,553,516 shares in the company, valued at approximately $37,838,348,496. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,757,113 shares of company stock worth $1,353,607,317. 46.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Evercore ISI increased their target price on Walmart from $173.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, August 14th. Morgan Stanley raised their price objective on Walmart from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group raised their price objective on Walmart from $176.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Roth Mkm raised their price objective on Walmart from $169.00 to $179.00 and gave the company a “buy” rating in a report on Friday. Finally, Guggenheim raised their price objective on Walmart from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, August 14th. Four investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $176.35.

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Walmart Trading Down 0.4 %

NYSE WMT traded down $0.68 during trading on Tuesday, hitting $156.83. The stock had a trading volume of 2,029,913 shares, compared to its average volume of 5,985,792. The company has a market capitalization of $422.32 billion, a PE ratio of 30.30, a PEG ratio of 3.75 and a beta of 0.50. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average price of $157.23 and a 200 day moving average price of $150.27. Walmart Inc. has a twelve month low of $128.07 and a twelve month high of $162.78.

Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. The business had revenue of $161.63 billion during the quarter, compared to analysts’ expectations of $160.22 billion. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 6.41 earnings per share for the current year.

Walmart Company Profile

(Free Report)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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