Walmart Inc. (NYSE:WMT) Shares Sold by Ignite Planners LLC

Ignite Planners LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,596 shares of the retailer’s stock after selling 1,275 shares during the period. Walmart comprises 1.0% of Ignite Planners LLC’s portfolio, making the stock its 20th largest holding. Ignite Planners LLC’s holdings in Walmart were worth $1,203,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WMT. HB Wealth Management LLC raised its position in Walmart by 19.2% in the second quarter. HB Wealth Management LLC now owns 72,498 shares of the retailer’s stock valued at $8,814,000 after purchasing an additional 11,666 shares during the period. Oppenheimer & Close LLC grew its holdings in Walmart by 29.3% in the 2nd quarter. Oppenheimer & Close LLC now owns 2,205 shares of the retailer’s stock worth $268,000 after buying an additional 500 shares in the last quarter. Acropolis Investment Management LLC increased its holdings in shares of Walmart by 1.4% during the second quarter. Acropolis Investment Management LLC now owns 29,835 shares of the retailer’s stock valued at $3,627,000 after purchasing an additional 406 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of Walmart by 3.9% during the second quarter. Rosenberg Matthew Hamilton now owns 3,312 shares of the retailer’s stock valued at $406,000 after purchasing an additional 124 shares during the period. Finally, TKG Advisors LLC grew its holdings in Walmart by 37.9% during the second quarter. TKG Advisors LLC now owns 7,517 shares of the retailer’s stock worth $914,000 after acquiring an additional 2,064 shares during the period. Institutional investors and hedge funds own 31.26% of the company’s stock.

Walmart Price Performance

Shares of WMT stock traded down $3.84 during trading hours on Friday, hitting $129.55. The company’s stock had a trading volume of 222,004 shares, compared to its average volume of 6,263,060. Walmart Inc. has a twelve month low of $117.27 and a twelve month high of $160.77. The stock has a market cap of $351.63 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 4.19 and a beta of 0.52. The business has a fifty day moving average of $132.60 and a 200-day moving average of $136.13. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings results on Tuesday, August 16th. The retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.17. The firm had revenue of $152.86 billion during the quarter, compared to the consensus estimate of $149.96 billion. Walmart had a return on equity of 18.95% and a net margin of 2.36%. Walmart’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.78 earnings per share. As a group, equities research analysts anticipate that Walmart Inc. will post 5.85 EPS for the current year.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $127.05, for a total value of $1,233,401.40. Following the sale, the chief executive officer now directly owns 1,507,454 shares in the company, valued at approximately $191,522,030.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 931,768 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $140.03, for a total transaction of $130,475,473.04. Following the transaction, the insider now owns 285,607,867 shares in the company, valued at approximately $39,993,669,616.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $127.05, for a total value of $1,233,401.40. Following the completion of the transaction, the chief executive officer now directly owns 1,507,454 shares of the company’s stock, valued at approximately $191,522,030.70. The disclosure for this sale can be found here. Insiders have sold 2,142,416 shares of company stock worth $295,973,941 in the last 90 days. Company insiders own 47.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Walmart from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Piper Sandler assumed coverage on Walmart in a research note on Wednesday, August 3rd. They issued a “neutral” rating and a $135.00 price objective on the stock. Royal Bank of Canada increased their price objective on Walmart from $135.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Cowen reduced their price target on shares of Walmart from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. Finally, Wells Fargo & Company raised their price objective on shares of Walmart from $130.00 to $155.00 in a report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $151.41.

Walmart Profile

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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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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