Asset Planning Services Inc. LA ADV Has $8.04 Million Stake in Walmart Inc. (NYSE:WMT)

Asset Planning Services Inc. LA ADV boosted its holdings in Walmart Inc. (NYSE:WMT) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 99,550 shares of the retailer’s stock after acquiring an additional 555 shares during the period. Walmart comprises 4.0% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 6th biggest position. Asset Planning Services Inc. LA ADV’s holdings in Walmart were worth $8,039,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Investment Advisory Group LLC increased its position in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after purchasing an additional 126 shares during the period. Professional Financial Advisors LLC grew its stake in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares in the last quarter. Inspire Advisors LLC increased its holdings in Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after buying an additional 137 shares during the period. Trust Co of the South raised its position in shares of Walmart by 0.5% in the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after buying an additional 138 shares in the last quarter. Finally, LVZ Inc. lifted its holdings in shares of Walmart by 1.9% during the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after acquiring an additional 143 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Oppenheimer upped their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Guggenheim lifted their target price on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Roth Mkm increased their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Tigress Financial lifted their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $83.51.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,295,088 shares of company stock worth $955,284,831. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $83.05 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34. The company has a fifty day moving average of $78.71 and a 200-day moving average of $70.08. The firm has a market capitalization of $667.58 billion, a P/E ratio of 43.18, a P/E/G ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current 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.