King Luther Capital Management Corp Purchases 113,952 Shares of Walmart Inc. $WMT

King Luther Capital Management Corp raised its position in shares of Walmart Inc. (NASDAQ:WMTFree Report) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,415,423 shares of the retailer’s stock after acquiring an additional 113,952 shares during the period. King Luther Capital Management Corp’s holdings in Walmart were worth $157,692,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Key Financial Inc boosted its position in Walmart by 8.7% during the 4th quarter. Key Financial Inc now owns 4,997 shares of the retailer’s stock valued at $557,000 after acquiring an additional 400 shares in the last quarter. Expressive Wealth LLC bought a new stake in Walmart during the 4th quarter valued at approximately $671,000. Steel Grove Capital Advisors LLC bought a new stake in Walmart during the 4th quarter valued at approximately $246,000. TrustBank bought a new stake in Walmart during the 4th quarter valued at approximately $1,800,000. Finally, Banco de Sabadell S.A boosted its position in Walmart by 12.6% during the 4th quarter. Banco de Sabadell S.A now owns 18,870 shares of the retailer’s stock valued at $2,097,000 after acquiring an additional 2,111 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In other news, CEO John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $124.08, for a total value of $1,628,550.00. Following the sale, the chief executive officer directly owned 661,037 shares of the company’s stock, valued at $82,021,470.96. The trade was a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel J. Bartlett sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $133.77, for a total value of $167,212.50. Following the completion of the sale, the executive vice president directly owned 635,593 shares in the company, valued at approximately $85,023,275.61. This represents a 0.20% 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. Over the last 90 days, insiders sold 126,008 shares of company stock worth $15,896,715. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on WMT shares. DA Davidson set a $150.00 price objective on Walmart and gave the company a “buy” rating in a research report on Friday, February 20th. Citigroup reaffirmed a “buy” rating and set a $147.00 price objective (up from $120.00) on shares of Walmart in a research report on Thursday, February 5th. Bank of America started coverage on Walmart in a research report on Friday, February 27th. They set a “buy” rating and a $150.00 price objective on the stock. TD Cowen reaffirmed a “buy” rating and set a $150.00 price objective (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $140.00 price objective (up from $130.00) on shares of Walmart in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.71.

Read Our Latest Stock Analysis on WMT

Key Headlines Impacting Walmart

Here are the key news stories impacting Walmart this week:

Walmart Stock Performance

Shares of WMT opened at $118.57 on Wednesday. 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 business’s 50 day moving average price is $126.51 and its 200-day moving average price is $120.41. Walmart Inc. has a 52 week low of $93.43 and a 52 week high of $135.15. The stock has a market cap of $945.12 billion, a P/E ratio of 41.60, a P/E/G ratio of 4.45 and a beta of 0.65.

Walmart (NASDAQ:WMTGet Free Report) last issued its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The firm had revenue of $177.75 billion for the quarter, compared to analysts’ expectations of $174.84 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Walmart Profile

(Free Report)

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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Institutional Ownership by Quarter for Walmart (NASDAQ:WMT)

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