Modern Wealth Management LLC Has $5.46 Million Stake in Walmart Inc. $WMT

Modern Wealth Management LLC boosted its position in Walmart Inc. (NYSE:WMT) by 15.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 62,202 shares of the retailer’s stock after purchasing an additional 8,234 shares during the period. Modern Wealth Management LLC’s holdings in Walmart were worth $5,461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nova Wealth Management Inc. lifted its holdings in Walmart by 93.1% in the first quarter. Nova Wealth Management Inc. now owns 585 shares of the retailer’s stock valued at $51,000 after buying an additional 282 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Walmart by 40.5% during the first quarter. Jones Financial Companies Lllp now owns 461,806 shares of the retailer’s stock valued at $39,419,000 after purchasing an additional 133,134 shares during the period. Strs Ohio acquired a new position in shares of Walmart during the first quarter valued at about $147,784,000. Rollins Financial Advisors LLC raised its holdings in shares of Walmart by 3.1% during the first quarter. Rollins Financial Advisors LLC now owns 7,318 shares of the retailer’s stock valued at $642,000 after purchasing an additional 222 shares during the period. Finally, Indiana Trust & Investment Management Co raised its holdings in shares of Walmart by 7.3% during the first quarter. Indiana Trust & Investment Management Co now owns 19,960 shares of the retailer’s stock valued at $1,752,000 after purchasing an additional 1,360 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 2.2%

WMT opened at $102.64 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $105.30. The firm has a market capitalization of $818.33 billion, a PE ratio of 38.59, a P/E/G ratio of 4.82 and a beta of 0.65. The company’s 50-day moving average is $98.61 and its 200 day moving average is $95.37.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The company’s revenue was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. Mizuho reiterated an “outperform” rating and set a $115.00 price objective on shares of Walmart in a report on Wednesday, August 13th. Evercore ISI reiterated an “outperform” rating and set a $110.00 price objective (up previously from $108.00) on shares of Walmart in a report on Monday, August 18th. Truist Financial dropped their price objective on shares of Walmart from $111.00 to $109.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Guggenheim reiterated a “buy” rating and set a $115.00 price objective (up previously from $112.00) on shares of Walmart in a report on Monday, August 18th. Finally, Oppenheimer upped their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $110.76.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $95.97, for a total value of $1,863,353.52. Following the sale, the chief executive officer owned 4,392,985 shares in the company, valued at $421,594,770.45. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the sale, the executive vice president directly owned 623,918 shares of the company’s stock, valued at $60,750,895.66. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,382 shares of company stock worth $11,718,441 over the last ninety days. Insiders own 0.10% of the company’s stock.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.