Momentum Wealth Planning LLC Makes New $3.54 Million Investment in Walmart Inc. $WMT

Momentum Wealth Planning LLC bought a new position in shares of Walmart Inc. (NASDAQ:WMT) during the second quarter, HoldingsChannel.com reports. The firm bought 36,151 shares of the retailer’s stock, valued at approximately $3,535,000. Walmart accounts for approximately 3.0% of Momentum Wealth Planning LLC’s portfolio, making the stock its 9th biggest position.

Other hedge funds also recently made changes to their positions in the company. Neuberger Berman Group LLC increased its position in shares of Walmart by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 5,091,126 shares of the retailer’s stock worth $497,771,000 after purchasing an additional 42,645 shares during the period. Aviva PLC lifted its position in Walmart by 16.4% during the second quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock worth $374,861,000 after purchasing an additional 539,504 shares during the period. Weatherly Asset Management L. P. grew its stake in Walmart by 7.0% during the second quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock worth $5,489,000 after buying an additional 3,696 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in Walmart by 34.6% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock valued at $3,355,000 after buying an additional 9,831 shares during the period. Finally, Willis Johnson & Associates Inc. raised its position in shares of Walmart by 76.6% in the 2nd quarter. Willis Johnson & Associates Inc. now owns 42,626 shares of the retailer’s stock valued at $4,168,000 after buying an additional 18,485 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Walmart in a research note on Tuesday, December 9th. Tigress Financial lifted their price target on Walmart from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. boosted their price target on Walmart from $128.00 to $129.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Sanford C. Bernstein restated an “outperform” rating and set a $122.00 price objective (up from $118.00) on shares of Walmart in a research report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a research note on Wednesday, October 8th. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $119.31.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $107.18, for a total value of $2,081,006.88. Following the completion of the transaction, the chief executive officer directly owned 4,354,162 shares in the company, valued at approximately $466,679,083.16. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Chojnowski sold 7,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total transaction of $746,550.00. Following the transaction, the senior vice president directly owned 136,289 shares of the company’s stock, valued at $14,535,221.85. The trade was a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 126,403 shares of company stock worth $13,386,774. 0.10% of the stock is owned by corporate insiders.

Walmart Trading Up 0.1%

NASDAQ WMT opened at $116.79 on Tuesday. The company has a market cap of $930.84 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 5.40 and a beta of 0.64. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $117.45. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average is $106.59 and its 200 day moving average is $101.66.

Walmart (NASDAQ:WMT) last issued its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $179.50 billion during the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

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.