Janney Montgomery Scott LLC raised its position in Walmart Inc. (NASDAQ:WMT – Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,347,948 shares of the retailer’s stock after purchasing an additional 24,806 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Walmart were worth $261,585,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Deutsche Bank AG raised its position in shares of Walmart by 4.5% during the fourth quarter. Deutsche Bank AG now owns 13,292,602 shares of the retailer’s stock worth $1,480,929,000 after acquiring an additional 573,732 shares during the last quarter. Paragon Private Wealth Management LLC raised its position in shares of Walmart by 10.7% during the fourth quarter. Paragon Private Wealth Management LLC now owns 11,305 shares of the retailer’s stock worth $1,260,000 after acquiring an additional 1,094 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Walmart by 5.7% during the fourth quarter. GW&K Investment Management LLC now owns 3,738 shares of the retailer’s stock worth $416,000 after acquiring an additional 200 shares during the last quarter. Artesa Financial Group LLC bought a new position in shares of Walmart during the fourth quarter worth about $370,000. Finally, Outlook Wealth Advisors LLC raised its position in shares of Walmart by 6.3% during the fourth quarter. Outlook Wealth Advisors LLC now owns 8,124 shares of the retailer’s stock worth $905,000 after acquiring an additional 484 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.
Walmart Trading Up 1.4%
NASDAQ WMT opened at $120.59 on Thursday. The business has a 50 day simple moving average of $125.43 and a 200 day simple moving average of $121.56. Walmart Inc. has a one year low of $93.43 and a one year high of $135.15. The stock has a market capitalization of $959.66 billion, a P/E ratio of 42.31, a P/E/G ratio of 4.44 and a beta of 0.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23.
Insider Buying and Selling at Walmart
In other Walmart news, EVP Latriece Watkins sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total value of $1,308,670.00. Following the completion of the sale, the executive vice president owned 120,203 shares of the company’s stock, valued at approximately $14,300,550.91. This trade represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher James Nicholas sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $123.92, for a total value of $359,368.00. Following the completion of the sale, the executive vice president directly owned 577,853 shares of the company’s stock, valued at $71,607,543.76. This trade represents a 0.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 117,008 shares of company stock valued at $14,492,704 over the last ninety days. Insiders own 0.09% of the company’s stock.
Walmart News Summary
Here are the key news stories impacting Walmart this week:
- Positive Sentiment: Walmart is expanding its drone delivery program with Alphabet’s Wing, adding another fast-delivery capability that could strengthen its e-commerce and convenience moat. Eyes on the sky: Walmart and Alphabet’s Wing expand their drone delivery program
- Positive Sentiment: Business Insider reported that Walmart’s AI-powered warehouses are speeding up freight handling and reducing the time store employees need to unload trucks, a sign that automation is improving efficiency and potentially margins. Walmart’s AI-powered warehouses are slashing the time it takes store employees to unload trucks
- Positive Sentiment: Recent conference appearances suggest management is highlighting Walmart’s growth in digital, e-commerce, and higher-margin services, which may reinforce the long-term bull case for the stock. Walmart Inc. (WMT) Presents at Oppenheimer 26th Annual Consumer Growth and E-Commerce Conference Transcript Walmart Inc. (WMT) Presents at The 6th Annual Evercore Consumer & Retail Conference Transcript
- Neutral Sentiment: Analysts remain split on Walmart, indicating the market is still weighing the company’s growth initiatives against its valuation. Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Walmart (WMT), Campbell Soup (CPB) and JM Smucker (SJM)
- Neutral Sentiment: Coverage around Walmart’s retail media expansion, Subway integration, and broader digital transformation has raised questions about valuation, but also underscores the company’s push into higher-margin services. Walmart Media Expansion And Delivery Push Raise Questions For WMT Valuation Walmart (WMT) Valuation Check As Subway Integration And Higher Margin Services Draw New Attention Walmart’s No. 2 Ranking Hides a Digital Transformation Story
Analysts Set New Price Targets
A number of brokerages have recently issued reports on WMT. The Goldman Sachs Group restated a “buy” rating and set a $138.00 price objective on shares of Walmart in a research report on Friday, February 20th. Erste Group Bank downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. BMO Capital Markets restated an “outperform” rating on shares of Walmart in a research report on Friday, May 22nd. Truist Financial set a $140.00 price objective on Walmart in a research report on Thursday, May 21st. Finally, HSBC downgraded Walmart from a “buy” rating to a “hold” rating and raised their price objective for the stock from $122.00 to $131.00 in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $138.85.
View Our Latest Analysis on Walmart
Walmart Profile
Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.
The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.
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