Monetary Management Group Inc. Decreases Stake in Walmart Inc. $WMT

Monetary Management Group Inc. lowered its stake in Walmart Inc. (NASDAQ:WMTFree Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,458 shares of the retailer’s stock after selling 5,100 shares during the period. Walmart accounts for 0.7% of Monetary Management Group Inc.’s holdings, making the stock its 26th biggest position. Monetary Management Group Inc.’s holdings in Walmart were worth $3,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WMT. Entrust Financial LLC acquired a new stake in shares of Walmart in the fourth quarter worth $27,000. Redmont Wealth Advisors LLC acquired a new stake in Walmart during the third quarter valued at $30,000. Beacon Financial Strategies CORP acquired a new stake in Walmart during the fourth quarter valued at $30,000. 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 valued at $32,000 after buying an additional 105 shares during the period. Finally, Clayton Financial Group LLC grew its position in Walmart by 193.0% during the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

More Walmart News

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Walmart Stock Performance

NASDAQ:WMT opened at $119.83 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $125.57 and a two-hundred day moving average price of $121.33. Walmart Inc. has a twelve month low of $93.43 and a twelve month high of $135.15. The company has a market capitalization of $953.62 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 4.44 and a beta of 0.60.

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

Insider Buying and Selling at Walmart

In related news, EVP Latriece Watkins sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total value of $1,308,670.00. Following the sale, the executive vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John R. Furner sold 13,125 shares of the firm’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 transaction of $1,628,550.00. Following the completion of the sale, the chief executive officer directly owned 661,037 shares in the company, valued at $82,021,470.96. This represents a 1.95% 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 quarter, insiders sold 117,008 shares of company stock valued at $14,492,704. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on WMT. Telsey Advisory Group raised their price target on shares of Walmart from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Wolfe Research reiterated an “outperform” rating and issued a $137.00 target price (up from $135.00) on shares of Walmart in a research report on Monday, May 11th. Tigress Financial reissued a “buy” rating and issued a $155.00 price target (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. Argus raised shares of Walmart to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Erste Group Bank lowered shares of Walmart from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.85.

Check Out Our Latest Stock Analysis on Walmart

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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