Wealthspire Advisors LLC Sells 41,946 Shares of Walmart Inc. $WMT

Wealthspire Advisors LLC reduced its stake in shares of Walmart Inc. (NASDAQ:WMT) by 27.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 111,884 shares of the retailer’s stock after selling 41,946 shares during the quarter. Wealthspire Advisors LLC’s holdings in Walmart were worth $12,465,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WMT. Entrust Financial LLC bought a new position in Walmart during the fourth quarter valued at about $27,000. Redmont Wealth Advisors LLC bought a new position in Walmart during the third quarter valued at about $30,000. Beacon Financial Strategies CORP bought a new position in Walmart during the fourth quarter valued at about $30,000. Bay Harbor Wealth Management LLC raised its holdings in Walmart by 57.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after buying an additional 105 shares in the last quarter. Finally, Clayton Financial Group LLC raised its holdings in Walmart by 193.0% during the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after buying an additional 193 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In related news, EVP David W. Guggina sold 11,978 shares of Walmart stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Walmart stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $123.92, for a total value of $359,368.00. Following the sale, the executive vice president directly owned 577,853 shares in the company, valued at approximately $71,607,543.76. This trade represents a 0.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 128,986 shares of company stock valued at $15,927,908 over the last quarter. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on WMT. Bank of America began coverage on Walmart in a report on Friday, February 27th. They set a “buy” rating and a $150.00 target price on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $135.00 price objective on shares of Walmart in a research note on Friday, March 6th. BTIG Research reiterated a “buy” rating and issued a $145.00 price objective on shares of Walmart in a research note on Wednesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $138.00 price objective on shares of Walmart in a research note on Friday, February 20th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Walmart in a research note on Monday. One investment 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.85.

Walmart Trading Up 0.4%

Walmart stock opened at $121.04 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The business’s 50-day simple moving average is $125.28 and its 200-day simple moving average is $121.66. The firm has a market capitalization of $963.25 billion, a PE ratio of 42.47, a PEG ratio of 4.50 and a beta of 0.59. Walmart Inc. has a 52 week low of $93.62 and a 52 week high of $135.15.

Walmart (NASDAQ:WMT) last released its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share 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 period last year, the business 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 forecast that Walmart Inc. will post 2.89 earnings per share for the current year.

About Walmart

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.