Piedmont Capital Management LLC NC Purchases New Shares in Walmart Inc. $WMT

Piedmont Capital Management LLC NC purchased a new stake in shares of Walmart Inc. (NASDAQ:WMT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,827 shares of the retailer’s stock, valued at approximately $649,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Entrust Financial LLC bought a new position in Walmart in the 4th quarter valued at $27,000. Beacon Financial Strategies CORP bought a new position in Walmart in the 4th quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new position in Walmart in the 3rd quarter valued at $30,000. Bay Harbor Wealth Management LLC grew its position in Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after acquiring an additional 105 shares during the last quarter. Finally, Clayton Financial Group LLC grew its position in Walmart by 193.0% in the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT opened at $121.04 on Monday. Walmart Inc. has a 12-month low of $93.62 and a 12-month 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 0.42. The business’s fifty day simple moving average is $125.28 and its 200-day simple moving average is $121.78. The company has a market capitalization of $963.25 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 4.52 and a beta of 0.60.

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

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. Evercore reaffirmed an “outperform” rating on shares of Walmart in a research report on Monday, May 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $137.00 price objective (down from $140.00) on shares of Walmart in a research report on Friday, May 22nd. Wolfe Research reaffirmed an “outperform” rating and issued a $137.00 price objective (up from $135.00) on shares of Walmart in a research report on Monday, May 11th. Jefferies Financial Group set a $145.00 price objective on Walmart in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a research report on Monday, April 20th. One 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.85.

Insider Buying and Selling at Walmart

In other news, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $71,607,543.76. This represents a 0.50% decrease in their position. The transaction was disclosed in a 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, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.63, for a total value of $2,303,320.08. Following the transaction, the director directly owned 4,174,579 shares in the company, valued at $495,230,306.77. The trade was a 0.46% decrease in their position. 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. In the last ninety days, insiders have sold 128,986 shares of company stock worth $15,927,908. Insiders own 0.09% of the company’s stock.

Walmart Company 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.