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

Capital Planning Advisors LLC grew its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,703 shares of the retailer's stock after purchasing an additional 4,768 shares during the quarter. Walmart makes up approximately 1.0% of Capital Planning Advisors LLC's holdings, making the stock its 27th biggest holding. Capital Planning Advisors LLC's holdings in Walmart were worth $6,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Brophy Wealth Management LLC acquired a new position in shares of Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire increased its position in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank raised its stake in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock valued at $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Fisher Asset Management LLC lifted its position in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC bought a new position in Walmart in the 3rd quarter valued at about $541,000. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. KeyCorp increased their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Truist Financial upped their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. DZ Bank lowered shares of Walmart from a "buy" rating to a "hold" rating and set a $91.00 target price on the stock. in a research report on Thursday, November 21st. Finally, Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.69.

Walmart Stock Performance

Shares of NYSE:WMT traded up $1.03 during midday trading on Friday, reaching $94.84. The company had a trading volume of 14,969,066 shares, compared to its average volume of 12,195,606. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18. The company's 50 day moving average price is $92.02 and its 200 day moving average price is $82.13. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $761.90 billion, a P/E ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company's stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Chojnowski sold 5,600 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares of the company's stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,177 shares of company stock worth $12,895,688. Corporate insiders own 45.58% of the company's stock.

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.