Waterway Wealth Management LLC Sells 8,126 Shares of Walmart Inc. $WMT

Waterway Wealth Management LLC lessened its holdings in Walmart Inc. (NASDAQ:WMTFree Report) by 44.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,229 shares of the retailer’s stock after selling 8,126 shares during the quarter. Waterway Wealth Management LLC’s holdings in Walmart were worth $1,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd grew its position in Walmart by 251.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 102,096 shares of the retailer’s stock valued at $11,375,000 after acquiring an additional 73,054 shares during the last quarter. Delta Global Management LP grew its position in Walmart by 54.0% in the 4th quarter. Delta Global Management LP now owns 614,128 shares of the retailer’s stock valued at $68,420,000 after acquiring an additional 215,260 shares during the last quarter. Oddo BHF Asset Management Sas grew its position in Walmart by 24.2% in the 4th quarter. Oddo BHF Asset Management Sas now owns 107,737 shares of the retailer’s stock valued at $12,003,000 after acquiring an additional 20,969 shares during the last quarter. Temasek Holdings Private Ltd grew its position in Walmart by 28.9% in the 4th quarter. Temasek Holdings Private Ltd now owns 435,062 shares of the retailer’s stock valued at $48,470,000 after acquiring an additional 97,500 shares during the last quarter. Finally, Rakuten Investment Management Inc. grew its position in Walmart by 8,527.8% in the 4th quarter. Rakuten Investment Management Inc. now owns 576,854 shares of the retailer’s stock valued at $64,913,000 after acquiring an additional 570,168 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP Latriece Watkins sold 11,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.97, for a total value of $1,308,670.00. Following the completion of the sale, the executive vice president directly owned 120,203 shares in the company, valued at approximately $14,300,550.91. This trade represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.63, for a total value of $2,303,320.08. Following the completion of the sale, the director owned 4,174,579 shares of the company’s stock, valued at approximately $495,230,306.77. This trade represents a 0.46% 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 a total of 128,986 shares of company stock valued at $15,927,908 in the last 90 days. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent research reports. Telsey Advisory Group increased their price target on Walmart from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Walmart in a research note on Friday, May 22nd. Morgan Stanley upped their price objective on shares of Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Evercore reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, May 18th. Finally, Guggenheim upped their price objective on shares of Walmart from $120.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $138.85.

View Our Latest Stock Report on Walmart

Walmart Price Performance

Shares of WMT stock opened at $121.03 on Wednesday. The stock’s 50-day moving average is $125.09 and its 200 day moving average is $121.96. 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 Inc. has a 1-year low of $93.62 and a 1-year high of $135.15. The company has a market cap of $963.17 billion, a P/E ratio of 42.47, a PEG ratio of 4.51 and a beta of 0.59.

Walmart (NASDAQ:WMTGet Free Report) last released its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The company had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. During the same period last year, the business posted $0.61 earnings per share. The firm’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. Research analysts predict that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

About Walmart

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Walmart (NASDAQ:WMT)

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