Hoey Investments Inc. Sells 5,291 Shares of Walmart Inc. $WMT

Hoey Investments Inc. lowered its position in Walmart Inc. (NASDAQ:WMT) by 10.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,737 shares of the retailer’s stock after selling 5,291 shares during the period. Walmart comprises 0.8% of Hoey Investments Inc.’s holdings, making the stock its 16th largest position. Hoey Investments Inc.’s holdings in Walmart were worth $5,684,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Resonant Capital Advisors LLC lifted its holdings in Walmart by 19.6% during the first quarter. Resonant Capital Advisors LLC now owns 22,797 shares of the retailer’s stock worth $2,839,000 after acquiring an additional 3,741 shares in the last quarter. Clare Market Investments LLC bought a new stake in shares of Walmart in the first quarter worth about $1,698,000. Sather Financial Group Inc raised its position in shares of Walmart by 57.2% during the first quarter. Sather Financial Group Inc now owns 3,872 shares of the retailer’s stock worth $481,000 after purchasing an additional 1,409 shares during the period. Halter Ferguson Financial Inc. acquired a new stake in shares of Walmart during the first quarter worth about $217,000. Finally, Greatmark Investment Partners Inc. lifted its holdings in shares of Walmart by 1.2% during the 1st quarter. Greatmark Investment Partners Inc. now owns 33,078 shares of the retailer’s stock valued at $4,111,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $124.84, for a total transaction of $1,638,525.00. Following the sale, the chief executive officer owned 674,162 shares in the company, valued at approximately $84,162,384.08. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the transaction, the executive vice president directly owned 125,067 shares of the company’s stock, valued at $14,985,527.94. This trade represents a 8.74% 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. Insiders have sold 104,505 shares of company stock worth $12,858,514 over the last three months. Company insiders own 0.09% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $113.10 on Thursday. Walmart Inc. has a 12 month low of $94.23 and a 12 month high of $135.15. The company’s fifty day simple moving average is $121.07 and its 200-day simple moving average is $122.03. The firm has a market cap of $900.06 billion, a PE ratio of 39.68, a P/E/G ratio of 4.16 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 (NASDAQ:WMT) last released its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The business had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter 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 research analysts expect that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart’s aggressive price cuts are being viewed as a strategy to win inflation-weary shoppers and strengthen its grocery leadership, which analysts and commentators say could support sales volume and customer loyalty. Walmart stock gains after price cuts as analysts back grocery strategy
• Positive Sentiment: Several pieces framed Walmart as a blue-chip retail winner in volatile markets, with its scale, dividend, and resilient business model making it a preferred defensive name for investors. 3 Blue-Chip Retail Stocks to Trust as Volatility Favors Quality
• Positive Sentiment: Commentary from Jim Cramer and others characterized the recent pullback in WMT as a buying opportunity, suggesting investors may be looking past near-term volatility and focusing on Walmart’s durable earnings profile. Jim Cramer calls Walmart selloff an ‘incredible buying opportunity,’ says fears ‘have gone out the window’
• Neutral Sentiment: Walmart is also being compared favorably with Target and other retailers on revenue consistency and scale, reinforcing its quality profile but without a clear new catalyst. Walmart and Target: Comparing Revenue Consistency and Scale
• Neutral Sentiment: Trump’s public praise for Walmart’s price cuts has added visibility to the stock, but the move is still fundamentally about pricing strategy rather than a direct financial update. President Trump says Walmart will lower prices by ‘a lot’ — but the retail beast has already been slashing prices
• Negative Sentiment: Some articles warned that deeper discounting could pressure margins, and Walmart also faces ongoing legal headlines, including a $13 million driver-pay settlement and a new AI-related lawsuit. Walmart (WMT) Pays $13 Million To Settle Driver Pay Case As New AI Suit Lands

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WMT. Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a research report on Monday, April 20th. Wolfe Research restated an “outperform” rating and set a $137.00 target price (up from $135.00) on shares of Walmart in a report on Monday, May 11th. TD Cowen reaffirmed a “buy” rating and issued a $150.00 price target (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. BNP Paribas Exane reduced their price target on shares of Walmart from $147.00 to $146.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Finally, Tigress Financial reissued a “buy” rating and set a $155.00 price objective (up from $150.00) on shares of Walmart in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $138.85.

Walmart Profile

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.