Burney Co. lessened its stake in shares of Walmart Inc. (NASDAQ:WMT – Free Report) by 19.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,469 shares of the retailer’s stock after selling 29,988 shares during the quarter. Burney Co.’s holdings in Walmart were worth $15,345,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in WMT. Vanguard Group Inc. boosted its holdings in Walmart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock worth $49,015,626,000 after acquiring an additional 4,304,436 shares in the last quarter. State Street Corp increased its holdings in shares of Walmart by 1.2% during the third quarter. State Street Corp now owns 184,805,978 shares of the retailer’s stock valued at $19,046,104,000 after acquiring an additional 2,242,364 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Walmart by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock worth $11,426,753,000 after purchasing an additional 6,517,394 shares during the period. Norges Bank acquired a new position in shares of Walmart during the fourth quarter worth approximately $6,458,529,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of Walmart by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer’s stock worth $4,526,238,000 after purchasing an additional 328,229 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Walmart Price Performance
Walmart stock opened at $113.10 on Thursday. Walmart Inc. has a 52 week low of $94.23 and a 52 week high of $135.15. The company’s 50 day moving average price is $121.07 and its two-hundred day moving average price is $122.03. 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 stock has a market cap of $900.06 billion, a P/E ratio of 39.68, a P/E/G ratio of 4.16 and a beta of 0.60.
Wall Street Analyst Weigh In
Several analysts recently issued reports on WMT shares. Piper Sandler reissued an “overweight” rating on shares of Walmart in a research report on Monday, June 8th. KeyCorp reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday, May 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of Walmart in a report on Friday, May 22nd. Erste Group Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Wolfe Research restated an “outperform” rating and issued a $137.00 target price (up from $135.00) on shares of Walmart in a report on Monday, May 11th. One investment 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.85.
Check Out Our Latest Stock Analysis on WMT
Insiders Place Their Bets
In other 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 transaction of $1,435,203.96. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president directly owned 120,203 shares in the company, valued at $14,300,550.91. This trade represents a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 104,505 shares of company stock valued at $12,858,514. 0.09% of the stock is currently owned by insiders.
More Walmart News
Here are the key news stories impacting Walmart this week:
- Positive Sentiment: Walmart’s aggressive price cuts are being viewed as a strategy to win inflation-weary shoppers and strengthen its grocery leadership, which analysts and commentators say could support sales volume and customer loyalty. Walmart stock gains after price cuts as analysts back grocery strategy
- Positive Sentiment: Several pieces framed Walmart as a blue-chip retail winner in volatile markets, with its scale, dividend, and resilient business model making it a preferred defensive name for investors. 3 Blue-Chip Retail Stocks to Trust as Volatility Favors Quality
- Positive Sentiment: Commentary from Jim Cramer and others characterized the recent pullback in WMT as a buying opportunity, suggesting investors may be looking past near-term volatility and focusing on Walmart’s durable earnings profile. Jim Cramer calls Walmart selloff an ‘incredible buying opportunity,’ says fears ‘have gone out the window’
- Neutral Sentiment: Walmart is also being compared favorably with Target and other retailers on revenue consistency and scale, reinforcing its quality profile but without a clear new catalyst. Walmart and Target: Comparing Revenue Consistency and Scale
- Neutral Sentiment: Trump’s public praise for Walmart’s price cuts has added visibility to the stock, but the move is still fundamentally about pricing strategy rather than a direct financial update. President Trump says Walmart will lower prices by ‘a lot’ — but the retail beast has already been slashing prices
- Negative Sentiment: Some articles warned that deeper discounting could pressure margins, and Walmart also faces ongoing legal headlines, including a $13 million driver-pay settlement and a new AI-related lawsuit. Walmart (WMT) Pays $13 Million To Settle Driver Pay Case As New AI Suit Lands
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.
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