Walmart Inc. $WMT Holdings Reduced by Convergence Financial LLC

Convergence Financial LLC reduced its stake in shares of Walmart Inc. (NASDAQ:WMT) by 46.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,998 shares of the retailer’s stock after selling 10,442 shares during the quarter. Convergence Financial LLC’s holdings in Walmart were worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Bell & Brown Wealth Advisors LLC bought a new stake in shares of Walmart during the second quarter valued at approximately $6,451,000. Advisortrust Partners LLC raised its stake in shares of Walmart by 20.2% in the first quarter. Advisortrust Partners LLC now owns 67,142 shares of the retailer’s stock valued at $8,344,000 after purchasing an additional 11,283 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Walmart in the second quarter valued at $7,455,131,000. Janney Montgomery Scott LLC lifted its position in Walmart by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 2,416,580 shares of the retailer’s stock worth $300,333,000 after purchasing an additional 68,632 shares during the period. Finally, HORAN Wealth LLC lifted its position in Walmart by 55.7% in the first quarter. HORAN Wealth LLC now owns 81,544 shares of the retailer’s stock worth $9,931,000 after purchasing an additional 29,184 shares during the period. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BTIG Research reiterated a “buy” rating and set a $140.00 price target on shares of Walmart in a research note on Thursday, September 10th. Jefferies Financial Group restated a “buy” rating and issued a $120.00 price objective on shares of Walmart in a research note on Friday, August 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $125.00 price objective (down from $140.00) on shares of Walmart in a report on Friday, August 21st. Truist Financial set a $114.00 price objective on shares of Walmart and gave the stock a “buy” rating in a report on Friday, August 21st. Finally, Oppenheimer reiterated a “market perform” rating on shares of Walmart in a research report on Tuesday, August 25th. Three analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $132.41.

Insider Activity

In other Walmart news, EVP Christopher Nicholas sold 2,900 shares of Walmart stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $120.60, for a total transaction of $349,740.00. Following the completion of the transaction, the executive vice president directly owned 563,353 shares of the company’s stock, valued at approximately $67,940,371.80. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $106.66, for a total value of $1,399,912.50. Following the transaction, the chief executive officer directly owned 647,912 shares of the company’s stock, valued at approximately $69,106,293.92. The trade was a 1.99% 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 sold 102,244 shares of company stock valued at $11,112,044. 0.09% of the stock is owned by company insiders.

Walmart Trading Down 0.5%

Shares of WMT opened at $118.77 on Thursday. Walmart Inc. has a 1 year low of $98.88 and a 1 year high of $135.15. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $109.70 and a 200-day simple moving average of $118.34. The stock has a market cap of $942.29 billion, a PE ratio of 42.88, a PEG ratio of 4.33 and a beta of 0.58.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $187.94 billion for 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%. Walmart’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, sell-side analysts predict that Walmart Inc. will post 2.88 EPS for the current fiscal year.

Trending Headlines about Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart lowered the cost of its Thanksgiving meal basket by $5, reinforcing its value proposition as consumers remain sensitive to food prices. Affordable holiday offerings could support traffic and market-share gains. Walmart Thanksgiving menu comparison
• Positive Sentiment: Walmart said AI training has increased technology confidence among its more than 2.1 million associates. Broader employee adoption could improve productivity and customer service over time. Walmart AI training for workers
• Positive Sentiment: The retailer is expanding its digital ecosystem by opening its store to AI shopping agents and adding controls for those transactions. Walmart is also partnering with Care Access to add three clinical-trial centers, supporting longer-term growth in digital commerce and healthcare services. Walmart AI shopping agents
• Neutral Sentiment: Analyst commentary continues to compare Walmart with Tesco and MercadoLibre, highlighting Walmart’s scale and expanding digital operations but also its elevated valuation and profitability considerations. WMT versus MercadoLibre
• Neutral Sentiment: Walmart’s potential to benefit from advertising, e-commerce, automation and healthcare remains part of the investment case, although execution and valuation are key factors for investors.
• Negative Sentiment: The Federal Trade Commission demanded data from Walmart and other companies about personalized pricing. The inquiry could increase compliance costs or create reputational and regulatory risks if regulators find consumers are treated unfairly, though no wrongdoing was alleged. FTC personalized pricing inquiry
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Walmart shares, creating a modest technical headwind and signaling some portfolio rebalancing pressure.
• Negative Sentiment: A lawsuit alleges Walmart inflated the weight of shrimp packages with ice. Although the financial impact is unclear, the claim adds potential legal costs and negative publicity. Walmart shrimp lawsuit

Walmart Company Profile

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.