Walmart Inc. (NYSE:WMT) Shares Sold by Capasso Planning Partners LLC

Capasso Planning Partners LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 37.9% during the third quarter, HoldingsChannel.com reports. The firm owned 3,243 shares of the retailer’s stock after selling 1,983 shares during the period. Capasso Planning Partners LLC’s holdings in Walmart were worth $262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WMT. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter valued at about $26,000. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter worth approximately $29,000. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart during the third quarter worth $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Down 0.9 %

NYSE WMT opened at $94.12 on Friday. The company has a market capitalization of $756.10 billion, a P/E ratio of 38.63, a PEG ratio of 4.51 and a beta of 0.54. Walmart Inc. has a 12 month low of $50.21 and a 12 month high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company’s 50 day simple moving average is $85.83 and its 200 day simple moving average is $76.74.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Guggenheim boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus upped their target price on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday. Finally, TD Cowen raised their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.40.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares in the company, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 1,804,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total value of $142,840,720.00. Following the completion of the sale, the insider now owns 605,979,318 shares of the company’s stock, valued at $47,981,442,399.24. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,309,091 shares of company stock worth $183,375,539 in the last quarter. 45.58% of the stock is owned by company insiders.

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.