E. Ohman J or Asset Management AB raised its stake in Walmart Inc. (NASDAQ:WMT – Free Report) by 48.1% in the second quarter, Holdings Channel.com reports. The firm owned 170,280 shares of the retailer’s stock after acquiring an additional 55,300 shares during the period. E. Ohman J or Asset Management AB’s holdings in Walmart were worth $19,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the stock. Entrust Financial LLC acquired a new position in shares of Walmart during the fourth quarter valued at about $27,000. Merkkuri Wealth Advisors LLC acquired a new stake in Walmart during the first quarter worth about $29,000. Bay Harbor Wealth Management LLC grew its position in Walmart by 57.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after buying an additional 105 shares in the last quarter. Sankala Group LLC bought a new position in Walmart during the fourth quarter valued at about $33,000. Finally, Motiv8 Investments LLC bought a new position in Walmart during the fourth quarter valued at about $34,000. 26.76% of the stock is owned by institutional investors.
Insider Activity
In other Walmart news, EVP David W. Guggina sold 11,978 shares of Walmart stock in a transaction on 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 transaction, the executive vice president owned 125,067 shares in the company, valued at approximately $14,985,527.94. The trade was a 8.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel J. Bartlett sold 3,710 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $113.10, for a total value of $419,601.00. Following the completion of the transaction, the executive vice president directly owned 626,299 shares in the company, valued at approximately $70,834,416.90. This represents a 0.59% 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. Over the last three months, insiders sold 71,439 shares of company stock worth $8,544,532. 0.09% of the stock is currently owned by insiders.
Walmart Price Performance
Walmart (NASDAQ:WMT – Get Free Report) last posted its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (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 net margin of 3.13% and a return on equity of 21.25%. Walmart’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. 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 predict that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
WMT has been the subject of a number of research reports. Sanford C. Bernstein set a $142.00 price objective on Walmart and gave the stock an “outperform” rating in a research report on Friday, July 31st. Erste Group Bank cut Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Mizuho set a $130.00 target price on Walmart in a research note on Monday, July 27th. Tigress Financial reiterated a “buy” rating and set a $155.00 price target (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. Finally, Truist Financial set a $140.00 price target on shares of Walmart in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.56.
Read Our Latest Analysis on Walmart
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.
Featured Articles
- Five stocks we like better than Walmart
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NASDAQ:WMT – Free Report).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.
