Bull Harbor Capital LLC Purchases New Position in Walmart Inc. $WMT

Bull Harbor Capital LLC acquired a new position in Walmart Inc. (NASDAQ:WMT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,488 shares of the retailer’s stock, valued at approximately $3,292,000. Walmart comprises approximately 0.9% of Bull Harbor Capital LLC’s holdings, making the stock its 12th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisortrust Partners LLC increased its position in Walmart by 20.2% in the 1st quarter. Advisortrust Partners LLC now owns 67,142 shares of the retailer’s stock worth $8,344,000 after buying an additional 11,283 shares during the period. Union Bancaire Privee UBP SA boosted its position in shares of Walmart by 253.3% in the first quarter. Union Bancaire Privee UBP SA now owns 384,034 shares of the retailer’s stock valued at $47,728,000 after acquiring an additional 275,337 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Walmart by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 2,416,580 shares of the retailer’s stock worth $300,333,000 after acquiring an additional 68,632 shares during the last quarter. Vise Technologies Inc. increased its position in Walmart by 42.1% during the fourth quarter. Vise Technologies Inc. now owns 275,341 shares of the retailer’s stock worth $30,676,000 after acquiring an additional 81,635 shares during the period. Finally, HORAN Wealth LLC raised its stake in Walmart by 55.7% during the 1st quarter. HORAN Wealth LLC now owns 81,544 shares of the retailer’s stock valued at $9,931,000 after purchasing an additional 29,184 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, Director C Douglas Mcmillon sold 19,416 shares of the business’s 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 owned 4,174,579 shares of the company’s stock, valued at approximately $495,230,306.77. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $118.19, for a total value of $342,751.00. Following the sale, the executive vice president owned 574,953 shares in the company, valued at $67,953,695.07. The trade was a 0.50% decrease in their position. 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 three months, insiders sold 67,729 shares of company stock valued at $8,124,931. Corporate insiders own 0.09% of the company’s stock.

Walmart Stock Performance

Shares of NASDAQ:WMT opened at $114.22 on Thursday. The business’s fifty day moving average price is $115.56 and its two-hundred day moving average price is $122.03. Walmart Inc. has a fifty-two week low of $95.42 and a fifty-two week high of $135.15. The stock has a market capitalization of $908.97 billion, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 4.22 and a beta of 0.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, analysts predict that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of several research analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Walmart in a research report on Friday, May 22nd. BTIG Research reaffirmed a “buy” rating and set a $145.00 price objective on shares of Walmart in a research report on Wednesday, June 3rd. Morgan Stanley lifted their target price on Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. BNP Paribas Exane lowered their price target on Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Finally, Freedom Capital upgraded Walmart from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. One equities 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.65.

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.