Walmart Inc. (NYSE:WMT) Shares Bought by New England Professional Planning Group Inc.

New England Professional Planning Group Inc. increased its stake in Walmart Inc. (NYSE:WMT) by 199.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,834 shares of the retailer’s stock after acquiring an additional 2,552 shares during the quarter. New England Professional Planning Group Inc.’s holdings in Walmart were worth $231,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Walmart in the 4th quarter valued at approximately $3,674,652,000. BlueSpruce Investments LP bought a new stake in shares of Walmart during the fourth quarter valued at approximately $568,419,000. International Assets Investment Management LLC increased its position in shares of Walmart by 15,371.4% during the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Walmart by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after purchasing an additional 2,150,351 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Walmart by 14,035.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,274,428 shares of the retailer’s stock valued at $200,914,000 after purchasing an additional 1,265,412 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the sale, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,493,971 shares of company stock valued at $950,549,592. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Tigress Financial increased their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. The Goldman Sachs Group increased their price target on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Truist Financial increased their price target on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, TD Cowen raised their price target on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $69.97.

Walmart Stock Down 2.1 %

Shares of WMT traded down $1.48 during trading hours on Tuesday, hitting $67.42. The company had a trading volume of 20,878,775 shares, compared to its average volume of 18,155,412. The firm has a fifty day moving average price of $63.41 and a 200-day moving average price of $58.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a market capitalization of $542.30 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 3.92 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $69.04.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. Walmart’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Walmart 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.