Walmart Inc. (NYSE:WMT) is Asset Planning Services Inc. LA ADV’s 7th Largest Position

Asset Planning Services Inc. LA ADV reduced its holdings in Walmart Inc. (NYSE:WMT) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,130 shares of the retailer’s stock after selling 574 shares during the period. Walmart comprises about 0.1% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 7th largest holding. Asset Planning Services Inc. LA ADV’s holdings in Walmart were worth $8,703,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Whelan Financial lifted its stake in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after acquiring an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after purchasing an additional 98 shares during the last quarter. Coyle Financial Counsel LLC increased its position in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after purchasing an additional 102 shares during the last quarter. Van Strum & Towne Inc. increased its position in Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after purchasing an additional 108 shares during the last quarter. Finally, Planning Center Inc. increased its position in Walmart by 1.8% in the 1st quarter. Planning Center Inc. now owns 6,018 shares of the retailer’s stock worth $528,000 after purchasing an additional 108 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT opened at $98.04 on Wednesday. The firm has a market capitalization of $782.37 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 4.78 and a beta of 0.69. The stock’s 50 day moving average price is $96.53 and its two-hundred day moving average price is $94.18. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12-month low of $66.55 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is currently 40.17%.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.24, for a total value of $380,960.00. Following the completion of the sale, the executive vice president now owns 1,060,455 shares in the company, valued at approximately $100,997,734.20. This trade represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares of the company’s stock, valued at $49,332,475.50. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,419 shares of company stock worth $14,295,650. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on WMT. KeyCorp upped their target price on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $103.00 target price (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. UBS Group dropped their target price on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Evercore ISI increased their price objective on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

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.