Ignite Planners LLC Decreases Holdings in Walmart Inc. (NYSE:WMT)

Ignite Planners LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the second quarter, Holdings Channel reports. The firm owned 11,940 shares of the retailer’s stock after selling 93 shares during the period. Walmart accounts for about 0.7% of Ignite Planners LLC’s investment portfolio, making the stock its 29th largest position. Ignite Planners LLC’s holdings in Walmart were worth $1,833,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sageworth Trust Co boosted its position in Walmart by 2,414.3% during the first quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after acquiring an additional 169 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $27,000. NewSquare Capital LLC lifted its position in Walmart by 58.3% during the first quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock worth $28,000 after buying an additional 70 shares in the last quarter. First Command Advisory Services Inc. boosted its stake in Walmart by 387.8% during the first quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock worth $29,000 after buying an additional 159 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Walmart in the 1st quarter worth $29,000. Institutional investors and hedge funds own 33.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WMT shares. KeyCorp boosted their price target on shares of Walmart from $175.00 to $177.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. Sanford C. Bernstein increased their price target on shares of Walmart from $159.00 to $165.00 and gave the company a “market perform” rating in a research note on Friday, August 18th. Barclays upped their price objective on Walmart from $162.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Roth Mkm raised their target price on Walmart from $169.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, Raymond James upped their price target on Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 18th. Four analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.51.

Walmart Price Performance

WMT opened at $163.42 on Tuesday. Walmart Inc. has a twelve month low of $128.07 and a twelve month high of $165.85. The company has a current ratio of 0.83, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a market cap of $439.85 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.89 and a beta of 0.49. The company has a fifty day simple moving average of $159.34 and a 200 day simple moving average of $152.70.

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. Equities research analysts expect that Walmart Inc. will post 6.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, major shareholder Jim C. Walton sold 2,149,275 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $153.97, for a total transaction of $330,923,871.75. Following the completion of the sale, the insider now owns 235,440,961 shares of the company’s stock, valued at $36,250,844,765.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director S Robson Walton sold 1,183,630 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $155.52, for a total value of $184,078,137.60. Following the sale, the director now owns 240,230,516 shares in the company, valued at approximately $37,360,649,848.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 2,149,275 shares of Walmart stock in a transaction dated 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 completion of the transaction, the insider now owns 235,440,961 shares of the company’s stock, valued at $36,250,844,765.17. The disclosure for this sale can be found here. Insiders have sold a total of 6,493,773 shares of company stock valued at $1,005,802,298 in the last three months. Corporate insiders own 46.51% of the company’s stock.

Walmart Company Profile

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.