Legacy CG LLC trimmed its position in shares of Walmart Inc. (NASDAQ:WMT – Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,984 shares of the retailer’s stock after selling 6,396 shares during the period. Legacy CG LLC’s holdings in Walmart were worth $4,779,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of WMT. Compton Financial Group LLC grew its stake in Walmart by 4.1% in the first quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer’s stock valued at $259,000 after purchasing an additional 82 shares in the last quarter. Strait & Sound Wealth Management LLC raised its stake in shares of Walmart by 0.3% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 25,443 shares of the retailer’s stock worth $3,162,000 after purchasing an additional 84 shares in the last quarter. Kassira Wealth Management LLC raised its stake in shares of Walmart by 0.8% during the 3rd quarter. Kassira Wealth Management LLC now owns 11,538 shares of the retailer’s stock worth $1,199,000 after purchasing an additional 88 shares in the last quarter. Bernicke Wealth Management Ltd. raised its stake in shares of Walmart by 0.7% during the 2nd quarter. Bernicke Wealth Management Ltd. now owns 12,548 shares of the retailer’s stock worth $1,421,000 after purchasing an additional 89 shares in the last quarter. Finally, MBE Wealth Management LLC lifted its holdings in shares of Walmart by 1.0% during the 3rd quarter. MBE Wealth Management LLC now owns 9,306 shares of the retailer’s stock valued at $967,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.
Trending Headlines about Walmart
Here are the key news stories impacting Walmart this week:
- Positive Sentiment: Walmart may be positioned to beat its next earnings estimates, according to Zacks, which points to its history of earnings surprises and factors supporting another potential beat. Why Walmart is Poised to Beat Earnings Estimates Again
- Positive Sentiment: Walmart’s expanded Sparky AI shopping assistant could support holiday sales by helping customers shop and potentially encouraging larger orders. Can Walmart’s Expanded Sparky AI Boost Holiday Shopping and Sales?
- Positive Sentiment: A report says Walmart’s e-commerce sales are growing faster than Amazon’s, suggesting its online business is gaining momentum. 1 Stat That Makes Walmart Hard to Ignore This November
- Neutral Sentiment: CTO Suresh Kumar sold 166,342 shares, and EVP Daniel Bartlett sold 3,346 shares. Both trades were made under pre-arranged Rule 10b5-1 plans; the sales may draw attention, but do not necessarily indicate a change in their views of the company. Kumar SEC filing Bartlett SEC filing
- Negative Sentiment: Bearish commentary highlights Walmart’s high valuation, with one article returning to a “strong sell” rating and another warning that the valuation may be stretched. Valuation concerns could weigh on sentiment even as the business outlook remains constructive. Walmart: Back To The Strong Sell Rating Walmart’s Defensive Reputation and Valuation
Wall Street Analysts Forecast Growth
Several brokerages recently commented on WMT. Royal Bank Of Canada lowered their price target on Walmart from $137.00 to $131.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $130.00 price objective on shares of Walmart in a research report on Friday, August 21st. Roth Capital reaffirmed a “buy” rating on shares of Walmart in a research report on Friday, August 21st. Truist Financial set a $114.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 21st. Finally, Evercore reissued an “outperform” rating on shares of Walmart in a research report on Tuesday, October 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average price target of $132.41.
Read Our Latest Analysis on WMT
Walmart Stock Performance
WMT opened at $124.86 on Wednesday. The stock has a 50-day moving average of $111.08 and a 200-day moving average of $118.46. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a 52-week low of $98.88 and a 52-week high of $135.15. The company has a market cap of $990.61 billion, a PE ratio of 45.08, a price-to-earnings-growth ratio of 4.61 and a beta of 0.53.
Walmart (NASDAQ:WMT – Get Free Report) last posted its earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $187.94 billion during the quarter, compared to analyst estimates of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 2.88 earnings per share for the current fiscal year.
Insider Transactions at Walmart
In other Walmart news, CTO Suresh Kumar sold 166,342 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $123.21, for a total transaction of $20,494,997.82. Following the completion of the sale, the chief technology officer directly owned 1,632,223 shares in the company, valued at $201,106,195.83. This represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel J. Bartlett sold 3,990 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $104.41, for a total value of $416,595.90. Following the completion of the sale, the executive vice president directly owned 618,359 shares in the company, valued at approximately $64,562,863.19. This represents a 0.64% 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. Over the last ninety days, insiders have sold 268,222 shares of company stock worth $31,604,051. Corporate insiders own 0.09% of the company’s stock.
About Walmart
Walmart Inc (NASDAQ:WMT) operates a global retail business through a network of supercenters, supermarkets, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its stores and websites sell a broad assortment of merchandise, including groceries, consumables, health and wellness products, apparel, electronics, home goods, toys and other general merchandise.
The company organizes its operations into Walmart U.S., Walmart International and Sam’s Club U.S. Walmart U.S.
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