Mark Sheptoff Financial Planning LLC Sells 534 Shares of Walmart Inc. (NYSE:WMT)

Mark Sheptoff Financial Planning LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 16.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,800 shares of the retailer’s stock after selling 534 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Walmart were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Northwest Capital Management Inc boosted its stake in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC acquired a new stake in Walmart in the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart in the 4th quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in Walmart during the 4th quarter worth approximately $35,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

WMT stock traded down $0.37 during trading hours on Monday, hitting $70.38. 12,657,814 shares of the stock were exchanged, compared to its average volume of 17,393,406. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $71.33. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $566.10 billion, a P/E ratio of 30.20, a P/E/G ratio of 4.08 and a beta of 0.50. The company has a 50-day simple moving average of $66.96 and a two-hundred day simple moving average of $61.26.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. On average, analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. Piper Sandler assumed coverage on shares of Walmart in a report on Wednesday, July 10th. They issued an “overweight” rating and a $81.00 price objective on the stock. Bank of America boosted their price target on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Telsey Advisory Group upped their target price on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Jefferies Financial Group boosted their price target on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, TD Cowen increased their price objective on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $71.09.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,527,738 shares of company stock valued at $953,190,060. 45.58% of the stock is owned by corporate 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.