Falcon Wealth Planning Makes New Investment in Walmart Inc. (NYSE:WMT)

Falcon Wealth Planning acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,607 shares of the retailer’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. Carl Stuart Investment Advisor Inc. acquired a new position in Walmart during the first quarter worth about $4,210,753,000. Sageworth Trust Co increased its stake in shares of Walmart by 2,414.3% during the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Walmart during the 4th quarter worth approximately $27,000. NewSquare Capital LLC lifted its stake in Walmart by 58.3% in the 1st quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock valued at $28,000 after buying an additional 70 shares in the last quarter. Finally, First Command Advisory Services Inc. grew its holdings in Walmart by 387.8% during the 1st quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock valued at $29,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 33.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on WMT shares. Telsey Advisory Group upped their price objective on Walmart from $168.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Guggenheim raised their price target on shares of Walmart from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Truist Financial boosted their price objective on shares of Walmart from $166.00 to $168.00 and gave the company a “hold” rating in a research report on Friday, August 18th. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $155.00 to $157.00 in a research note on Friday, May 19th. Finally, Robert W. Baird increased their price target on Walmart from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 17th. Four research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $176.51.

Insiders Place Their Bets

In other news, major shareholder Jim C. Walton sold 2,149,275 shares of the stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $153.97, for a total transaction of $330,923,871.75. Following the completion of the transaction, the insider now directly owns 235,440,961 shares in the company, valued at approximately $36,250,844,765.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP David Chojnowski sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $156.74, for a total value of $626,960.00. Following the completion of the sale, the senior vice president now directly owns 39,975 shares in the company, valued at approximately $6,265,681.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 2,149,275 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $153.97, for a total value of $330,923,871.75. Following the transaction, the insider now owns 235,440,961 shares in the company, valued at $36,250,844,765.17. The disclosure for this sale can be found here. Insiders have sold 7,866,773 shares of company stock worth $1,219,993,258 in the last three months. 46.51% of the stock is owned by insiders.

Walmart Stock Down 0.0 %

Shares of NYSE WMT traded down $0.04 during trading on Tuesday, reaching $164.30. 1,141,503 shares of the stock were exchanged, compared to its average volume of 5,879,319. The business’s 50-day moving average price is $158.70 and its 200 day moving average price is $152.04. The company has a market capitalization of $442.22 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 3.86 and a beta of 0.49. Walmart Inc. has a twelve month low of $128.07 and a twelve month high of $164.86. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.15. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The company had revenue of $161.63 billion during the quarter, compared to the consensus estimate of $160.22 billion. During the same period last year, the firm earned $1.77 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 6.45 EPS for the current fiscal year.

About Walmart

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.