Walmart Inc. $WMT Shares Sold by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC lessened its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 17.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,627 shares of the retailer’s stock after selling 4,710 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Walmart were worth $2,812,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Entrust Financial LLC acquired a new position in shares of Walmart during the 4th quarter worth approximately $27,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $29,000. Beacon Financial Strategies CORP acquired a new position in Walmart during the fourth quarter worth $30,000. Bay Harbor Wealth Management LLC grew its holdings in Walmart by 57.4% in the 4th 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 in the last quarter. Finally, Clayton Financial Group LLC increased its stake in shares of Walmart by 193.0% in the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock worth $33,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 1.8%

Shares of NASDAQ WMT opened at $112.20 on Tuesday. The firm has a market cap of $892.90 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 4.26 and a beta of 0.60. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52-week low of $95.10 and a 52-week high of $135.15. The business’s 50 day moving average is $118.51 and its two-hundred day moving average is $122.11.

Walmart (NASDAQ:WMT) last released its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The company had revenue of $177.75 billion for the quarter, compared to analysts’ expectations of $174.84 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Research analysts predict that Walmart Inc. will post 2.89 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the topic of several analyst reports. BNP Paribas Exane reduced their price target on Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Freedom Capital raised shares of Walmart from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. UBS Group set a $141.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, May 22nd. Morgan Stanley lifted their target price on shares of Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Erste Group Bank lowered shares of Walmart from a “buy” rating to a “hold” rating in a report on Friday, June 5th. One investment 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.85.

Insider Activity

In related news, EVP David W. Guggina sold 11,978 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 125,067 shares of the company’s stock, valued at approximately $14,985,527.94. This represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $132.21, for a total value of $2,566,989.36. Following the transaction, the director owned 4,193,995 shares of the company’s stock, valued at $554,488,078.95. 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 87,145 shares of company stock worth $10,691,920 in the last quarter. Insiders own 0.09% of the company’s stock.

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.