IPG Investment Advisors LLC Cuts Holdings in Walmart Inc. $WMT

IPG Investment Advisors LLC cut its holdings in Walmart Inc. (NASDAQ:WMT) by 27.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,919 shares of the retailer’s stock after selling 13,508 shares during the quarter. IPG Investment Advisors LLC’s holdings in Walmart were worth $3,955,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MFA Wealth Services increased its holdings in shares of Walmart by 0.7% in the 1st quarter. MFA Wealth Services now owns 10,909 shares of the retailer’s stock valued at $1,356,000 after purchasing an additional 80 shares in the last quarter. Realta Investment Advisors increased its holdings in Walmart by 2.0% in the first quarter. Realta Investment Advisors now owns 4,089 shares of the retailer’s stock valued at $508,000 after buying an additional 81 shares in the last quarter. Compton Financial Group LLC increased its holdings 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 buying an additional 82 shares in the last quarter. Renaissance Group LLC lifted its position in shares of Walmart by 0.9% during the 4th quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock valued at $1,074,000 after acquiring an additional 83 shares during the period. Finally, Calton & Associates Inc. lifted its position in shares of Walmart by 0.3% during the 4th quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock valued at $3,033,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $105.83 on Thursday. The stock’s 50 day moving average price is $110.45 and its 200 day moving average price is $119.08. The firm has a market capitalization of $839.63 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 4.05 and a beta of 0.59. 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 one year low of $98.88 and a one year high of $135.15.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The company had revenue of $187.94 billion during the quarter, compared to the consensus estimate of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. Walmart’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. 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, sell-side analysts expect that Walmart Inc. will post 2.87 EPS for the current fiscal year.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 3,950 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $105.14, for a total value of $415,303.00. Following the completion of the transaction, the executive vice president directly owned 622,349 shares of the company’s stock, valued at $65,433,773.86. This represents a 0.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Nicholas sold 2,900 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $106.34, for a total transaction of $308,386.00. Following the completion of the transaction, the executive vice president directly owned 569,153 shares of the company’s stock, valued at approximately $60,523,730.02. The trade was a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 69,264 shares of company stock worth $7,401,242. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wells Fargo & Company decreased their target price on Walmart from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. BNP Paribas Exane reiterated an “outperform” rating and issued a $137.00 price objective (down from $146.00) on shares of Walmart in a research report on Friday, August 21st. Freedom Capital upgraded shares of Walmart from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Tigress Financial restated a “buy” rating and set a $155.00 target price on shares of Walmart in a research report on Monday, August 31st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $130.00 price target (down from $140.00) on shares of Walmart in a report on Friday, August 21st. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $131.88.

Walmart Profile

Walmart Inc is a multinational retail and technology company that operates supercenters, discount stores, neighborhood markets, e-commerce platforms and membership warehouse clubs. Its merchandise includes groceries, apparel, electronics, home goods, health and beauty products, general merchandise and other consumer products.

Founded by Sam Walton in 1962 and incorporated in 1969, Walmart is headquartered in Bentonville, Arkansas. The company serves customers through operations in the United States and international markets, including Mexico, Canada, China, India and several countries in Central America and Africa.