Pacer Advisors Inc. cut its stake in Walmart Inc. (NASDAQ:WMT – Free Report) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,381 shares of the retailer’s stock after selling 11,642 shares during the period. Pacer Advisors Inc.’s holdings in Walmart were worth $38,145,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Entrust Financial LLC acquired a new position in Walmart during the 4th quarter worth $27,000. Redmont Wealth Advisors LLC bought a new position in Walmart in the 3rd quarter valued at $30,000. Beacon Financial Strategies CORP acquired a new stake in shares of Walmart in the 4th quarter valued at $30,000. Bay Harbor Wealth Management LLC increased its stake in shares of Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after buying an additional 105 shares during the period. Finally, Clayton Financial Group LLC raised its position in shares of Walmart by 193.0% during the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock worth $33,000 after acquiring an additional 193 shares during the last quarter. 26.76% of the stock is owned by institutional investors.
Insider Activity
In other news, CEO John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $124.84, for a total transaction of $1,638,525.00. Following the transaction, the chief executive officer directly owned 674,162 shares of the company’s stock, valued at $84,162,384.08. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the completion of the transaction, the executive vice president directly owned 125,067 shares of the company’s stock, valued at $14,985,527.94. This trade represents a 8.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 117,246 shares of company stock valued at $14,493,147. 0.09% of the stock is currently owned by company insiders.
Walmart Price Performance
Walmart (NASDAQ:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The company had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.Walmart’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.89 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on WMT. TD Cowen reaffirmed a “buy” rating and set a $150.00 price target (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. Morgan Stanley boosted their price objective on Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. UBS Group set a $141.00 target price on shares of Walmart and gave the company a “buy” rating in a research report on Friday, May 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, June 8th. Finally, Erste Group Bank cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.85.
Check Out Our Latest Stock Report on WMT
Walmart Company 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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