Capital Planning Advisors LLC Purchases 4,768 Shares of Walmart Inc. (NYSE:WMT)

Capital Planning Advisors LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,703 shares of the retailer’s stock after purchasing an additional 4,768 shares during the period. Walmart comprises 1.0% of Capital Planning Advisors LLC’s portfolio, making the stock its 27th biggest position. Capital Planning Advisors LLC’s holdings in Walmart were worth $6,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter worth $26,000. Voisard Asset Management Group Inc. lifted its stake in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the 4th quarter worth $32,000. Hoese & Co LLP purchased a new stake in shares of Walmart during the 3rd quarter worth $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart during the 3rd quarter worth $36,000. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock worth $12,895,688 over the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. TD Cowen upped their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group increased their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Truist Financial increased their price target on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer increased their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Barclays increased their price target on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Up 1.1 %

Shares of WMT opened at $94.84 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $53.47 and a 12 month high of $96.18. The stock’s 50 day moving average is $91.81 and its two-hundred day moving average is $81.95. The firm has a market cap of $761.90 billion, a P/E ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

About Walmart

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.