Evolve Private Wealth LLC reduced its position in Walmart Inc. (NASDAQ:WMT – Free Report) by 11.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 78,120 shares of the retailer’s stock after selling 10,101 shares during the period. Evolve Private Wealth LLC’s holdings in Walmart were worth $9,709,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in WMT. Entrust Financial LLC purchased a new position in Walmart during the 4th quarter worth $27,000. Beacon Financial Strategies CORP acquired a new position in Walmart during the 4th quarter valued at about $30,000. Bay Harbor Wealth Management LLC raised its stake in Walmart by 57.4% in 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 last quarter. Clayton Financial Group LLC raised its stake in Walmart by 193.0% in 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 last quarter. Finally, Sankala Group LLC acquired a new stake in Walmart in the fourth quarter worth about $33,000. 26.76% of the stock is owned by institutional investors and hedge funds.
Walmart Stock Up 1.9%
Walmart stock opened at $119.42 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The business’s 50-day simple moving average is $124.22 and its two-hundred day simple moving average is $122.18. The company has a market cap of $950.35 billion, a PE ratio of 41.90, a PEG ratio of 4.37 and a beta of 0.59. Walmart Inc. has a fifty-two week low of $94.23 and a fifty-two week high of $135.15.
Key Headlines Impacting Walmart
Here are the key news stories impacting Walmart this week:
- Positive Sentiment: Walmart’s long-term nuclear power deal with Constellation Energy supports its sustainability strategy and may improve power-cost stability for operations. Article Title
- Positive Sentiment: Walmart’s planned acquisition of Vibe.co could expand its connected-TV advertising reach and boost higher-margin ad revenue. Article Title
- Positive Sentiment: Walmart’s Medicare support push and new weight-management coverage guidance may strengthen pharmacy traffic and customer loyalty. Article Title
- Positive Sentiment: Walmart will sell Life Extension supplements in 4,000+ stores, adding another health-and-wellness product line. Article Title
- Neutral Sentiment: An executive sold 2,900 shares under a pre-arranged trading plan; the sale appears routine and small relative to the executive’s holdings. Article Title
- Negative Sentiment: Walmart faces a proposed lawsuit alleging AI-driven gas-price inflation in California, which could create legal and reputational risk. Article Title
Insider Transactions at Walmart
In other Walmart news, EVP David W. Guggina sold 11,978 shares of Walmart stock in a transaction that occurred 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 sale, the executive vice president directly 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 legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the completion of the sale, the director directly owned 4,174,579 shares in the company, valued at $495,230,306.77. This trade represents a 0.46% 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. Insiders have sold 120,146 shares of company stock valued at $14,835,898 over the last quarter. Company insiders own 0.09% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on WMT shares. BTIG Research restated a “buy” rating and set a $145.00 price target on shares of Walmart in a research note on Wednesday, June 3rd. Erste Group Bank lowered shares of Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Craig Hallum set a $150.00 target price on shares of Walmart in a research note on Friday, March 6th. TD Cowen reissued a “buy” rating and set a $150.00 target price (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $137.00 target price (down from $140.00) on shares of Walmart in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $138.85.
Read Our Latest Analysis on Walmart
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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