Weatherly Asset Management L. P. lifted its position in shares of Walmart Inc. (NASDAQ:WMT – Free Report) by 7.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,530 shares of the retailer’s stock after buying an additional 5,193 shares during the period. Weatherly Asset Management L. P.’s holdings in Walmart were worth $8,779,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Entrust Financial LLC purchased a new position in shares of Walmart during the fourth quarter worth approximately $27,000. Beacon Financial Strategies CORP bought a new stake in shares of Walmart in the 4th quarter worth approximately $30,000. Bay Harbor Wealth Management LLC boosted 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 purchasing an additional 105 shares in the last quarter. Clayton Financial Group LLC boosted its stake in shares of Walmart by 193.0% in the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after purchasing an additional 193 shares in the last quarter. Finally, Sankala Group LLC bought a new position in shares of Walmart during the 4th quarter valued at $33,000. Institutional investors own 26.76% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on WMT. Royal Bank Of Canada reiterated an “outperform” rating and issued a $137.00 target price (down from $140.00) on shares of Walmart in a research report on Friday, May 22nd. Truist Financial set a $140.00 price target on shares of Walmart in a research report on Thursday, May 21st. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a research report on Monday, April 20th. Tigress Financial reaffirmed a “buy” rating and set a $155.00 price objective (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Walmart in a report on Monday, June 8th. One investment 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. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $138.85.
Insider Activity
In other news, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $123.92, for a total transaction of $359,368.00. Following the completion of the sale, the executive vice president directly owned 577,853 shares in the company, valued at approximately $71,607,543.76. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the sale, the executive vice president directly owned 125,067 shares in the company, valued at $14,985,527.94. The trade was a 8.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 117,246 shares of company stock valued at $14,493,147. 0.09% of the stock is owned by corporate insiders.
Walmart Price Performance
Shares of NASDAQ WMT opened at $117.18 on Monday. The firm’s fifty day moving average is $124.61 and its 200 day moving average is $122.11. Walmart Inc. has a 52 week low of $94.23 and a 52 week high of $135.15. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a market cap of $932.53 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 4.37 and a beta of 0.60.
Walmart (NASDAQ:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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 research analysts expect that Walmart Inc. will post 2.89 earnings per share for the current year.
About Walmart
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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