Walmart Inc. $WMT Position Lifted by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. raised its position in shares of Walmart Inc. (NASDAQ:WMT) by 53.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,400 shares of the retailer’s stock after acquiring an additional 12,055 shares during the period. Summit Wealth Group LLC Co.’s holdings in Walmart were worth $3,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. State Street Corp raised its holdings in shares of Walmart by 1.1% in the 2nd quarter. State Street Corp now owns 188,036,646 shares of the retailer’s stock worth $21,297,031,000 after purchasing an additional 2,107,781 shares during the period. Bank of America Corp DE acquired a new position in shares of Walmart in the 2nd quarter valued at about $7,455,131,000. Bank of New York Mellon Corp grew its holdings in shares of Walmart by 6.4% during the 1st quarter. Bank of New York Mellon Corp now owns 28,142,040 shares of the retailer’s stock worth $3,497,493,000 after purchasing an additional 1,681,353 shares during the period. Legal & General Group Plc purchased a new stake in shares of Walmart during the 2nd quarter worth about $2,905,655,000. Finally, Amundi grew its holdings in shares of Walmart by 44.4% during the 2nd quarter. Amundi now owns 20,796,957 shares of the retailer’s stock worth $2,355,463,000 after purchasing an additional 6,393,326 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $120.60, for a total transaction of $1,582,875.00. Following the transaction, the chief executive officer directly owned 634,790 shares of the company’s stock, valued at approximately $76,555,674. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Thursday, October 15th. The shares were 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 owned 563,353 shares of the company’s stock, valued at $67,940,371.80. This trade represents 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. Insiders have sold 98,534 shares of company stock valued at $10,692,443 over the last three months. Company insiders own 0.09% of the company’s stock.

Walmart Price Performance

Shares of NASDAQ WMT opened at $127.69 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $98.88 and a 1-year high of $135.15. The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 46.10, a PEG ratio of 4.29 and a beta of 0.58. The business has a 50-day moving average of $110.71 and a 200-day moving average of $118.44.

Walmart (NASDAQ:WMT) last announced its 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 the consensus estimate of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $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, equities analysts anticipate that Walmart Inc. will post 2.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of Walmart from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Walmart in a research note on Thursday. BMO Capital Markets reiterated an “outperform” rating and set a $126.00 price objective on shares of Walmart in a research note on Friday, August 21st. BNP Paribas Exane reissued 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. Finally, UBS Group cut their target price on shares of Walmart from $141.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $132.41.

Key Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Potential earnings beat: Walmart’s strong history of exceeding analyst estimates, improving sales trends and favorable earnings-per-share expectations could support the stock ahead of its next quarterly report. Why Walmart Is Poised to Beat Earnings Estimates Again
• Positive Sentiment: E-commerce and AI growth: Walmart’s online sales are reportedly gaining market share faster than Amazon’s, while its expanded Sparky AI shopping assistant could increase holiday conversion rates, order frequency and average spending. Stat That Makes Walmart Hard to Ignore Can Walmart’s Expanded Sparky AI Boost Holiday Shopping and Sales?
• Positive Sentiment: Defensive retail positioning: Walmart and Costco are gaining grocery market share as consumers seek lower prices, a trend that may benefit Walmart if household budgets remain pressured. Grocery Wars Update
• Positive Sentiment: Strategic expansion: Walmart’s home-backup energy partnership with Base Power and planned investments in Texas robotics could broaden its ecosystem and improve operating efficiency over time. Walmart Probes Flipkart Claims
• Neutral Sentiment: Analyst attention: TD Cowen has initiated research coverage, while broader investor interest remains elevated. The ultimate effect will depend on the firm’s rating, price target and estimates. Walmart Research Coverage Started at TD Cowen
• Negative Sentiment: Valuation risk: With Walmart trading at roughly 42–43 times earnings, skeptics argue that its defensive reputation and growth outlook are already substantially reflected in the share price, leaving less room for disappointment. Walmart’s Defensive Reputation and Valuation
• Negative Sentiment: Reputation and compliance concerns: Walmart is investigating alleged vendor kickbacks at Flipkart, while separate coverage highlights scrutiny of employee prescription-drug benefits and a Federal Trade Commission-related customer payment. These issues could create legal, regulatory or reputational costs, although their financial impact is not yet clear. Walmart Probes Flipkart Claims Walmart Retirement Drug Benefit Report

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.