Whitaker Myers Wealth Managers LTD. Takes Position in Walmart Inc. $WMT

Whitaker Myers Wealth Managers LTD. acquired a new position in Walmart Inc. (NASDAQ:WMT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,405 shares of the retailer’s stock, valued at approximately $969,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Walmart by 1.4% during the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after buying an additional 5,856,468 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its position in Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock worth $10,496,702,000 after acquiring an additional 104,488,610 shares during the period. Geode Capital Management LLC raised its stake in Walmart by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock valued at $9,199,712,000 after purchasing an additional 263,718 shares during the last quarter. Norges Bank bought a new stake in Walmart in the 2nd quarter valued at $5,367,770,000. Finally, Ameriprise Financial Inc. grew its position in Walmart by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock worth $3,126,775,000 after purchasing an additional 1,098,342 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $101.63, for a total transaction of $406,520.00. Following the sale, the executive vice president directly owned 1,040,455 shares of the company’s stock, valued at approximately $105,741,441.65. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $107.18, for a total transaction of $2,081,006.88. Following the completion of the transaction, the chief executive officer owned 4,354,162 shares of the company’s stock, valued at $466,679,083.16. This trade represents a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 108,412 shares of company stock valued at $11,741,699. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WMT. JPMorgan Chase & Co. upped their price objective on shares of Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Tigress Financial upped their price target on Walmart from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Evercore ISI set a $120.00 price objective on Walmart and gave the stock an “outperform” rating in a research report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a research report on Wednesday, October 8th. Finally, Wolfe Research started coverage on Walmart in a research report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 target price for the company. Thirty-two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.69.

Walmart Stock Performance

Shares of NASDAQ:WMT opened at $111.74 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24. The business’s fifty day moving average price is $108.13 and its two-hundred day moving average price is $102.53. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $117.45. The stock has a market capitalization of $890.59 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 5.15 and a beta of 0.64.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The company had revenue of $179.50 billion during the quarter, compared to analysts’ expectations of $175.15 billion. During the same period last year, the business earned $0.58 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal 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.