Walmart Inc. $WMT Shares Sold by Summit Financial LLC

Summit Financial LLC decreased its holdings in Walmart Inc. (NASDAQ:WMT) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 259,383 shares of the retailer’s stock after selling 10,511 shares during the quarter. Summit Financial LLC’s holdings in Walmart were worth $28,958,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. M1 Capital Management LLC grew its position in Walmart by 5.1% in the fourth quarter. M1 Capital Management LLC now owns 10,323 shares of the retailer’s stock worth $1,150,000 after buying an additional 500 shares during the last quarter. Circle Wealth Management LLC grew its position in Walmart by 10.8% in the fourth quarter. Circle Wealth Management LLC now owns 6,521 shares of the retailer’s stock worth $726,000 after buying an additional 633 shares during the last quarter. Quadrant Capital Group LLC grew its position in Walmart by 0.6% in the fourth quarter. Quadrant Capital Group LLC now owns 131,725 shares of the retailer’s stock worth $14,675,000 after buying an additional 794 shares during the last quarter. Douglass Winthrop Advisors LLC grew its position in Walmart by 1.6% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 66,764 shares of the retailer’s stock worth $7,438,000 after buying an additional 1,079 shares during the last quarter. Finally, Laurel Oak Wealth Management LLC acquired a new position in Walmart in the fourth quarter worth approximately $1,106,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Bank of America assumed coverage on shares of Walmart in a research report on Friday, February 27th. They issued a “buy” rating and a $150.00 price target on the stock. Telsey Advisory Group lifted their price target on shares of Walmart from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Tigress Financial restated a “buy” rating and issued a $155.00 price target (up from $150.00) on shares of Walmart in a research report on Friday, May 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research report on Monday. Finally, Truist Financial set a $140.00 price target on shares of Walmart in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $138.85.

Insider Activity

In other Walmart news, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the transaction, the director directly owned 4,174,579 shares in the company, valued at approximately $495,230,306.77. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of Walmart stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $123.92, for a total transaction of $359,368.00. Following the transaction, the executive vice president owned 577,853 shares in the company, valued at approximately $71,607,543.76. The trade was a 0.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 128,986 shares of company stock worth $15,927,908. 0.09% of the stock is owned by corporate insiders.

Walmart Trading Up 0.4%

NASDAQ WMT opened at $121.04 on Friday. Walmart Inc. has a twelve month low of $93.62 and a twelve month high of $135.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The stock has a market cap of $963.25 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 4.50 and a beta of 0.59. The firm’s 50 day moving average price is $125.28 and its two-hundred day moving average price is $121.66.

Walmart (NASDAQ:WMT) last posted its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The firm had revenue of $177.75 billion for the quarter, compared to analysts’ expectations of $174.84 billion. During the same period in the previous year, the company posted $0.61 EPS. The company’s quarterly 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. Equities analysts anticipate that Walmart Inc. will post 2.89 EPS for the current year.

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.