6,472 Walmart Inc. $WMT Shares Bought by Plan A Wealth LLC

Plan A Wealth LLC lifted its stake in shares of Walmart Inc. (NASDAQ:WMT) by 266.8% during the third quarter, Holdings Channel reports. The fund owned 8,898 shares of the retailer’s stock after buying an additional 6,472 shares during the quarter. Plan A Wealth LLC’s holdings in Walmart were worth $925,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE acquired a new position in shares of Walmart during the second quarter valued at about $7,455,131,000. Legal & General Group Plc acquired a new stake in shares of Walmart in the 2nd quarter valued at about $2,905,655,000. Canada Pension Plan Investment Board acquired a new stake in shares of Walmart in the 2nd quarter valued at about $796,677,000. Deutsche Bank AG increased its position in Walmart by 54.0% in the 2nd quarter. Deutsche Bank AG now owns 18,607,297 shares of the retailer’s stock valued at $2,107,462,000 after buying an additional 6,525,224 shares in the last quarter. Finally, Amundi increased its position in Walmart by 44.4% in the 2nd quarter. Amundi now owns 20,796,957 shares of the retailer’s stock valued at $2,355,463,000 after buying an additional 6,393,326 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on WMT. Gordon Haskett lowered Walmart from a “buy” rating to an “accumulate” rating in a report on Thursday, August 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $130.00 target price (down from $140.00) on shares of Walmart in a research report on Friday, August 21st. KeyCorp reiterated an “overweight” rating on shares of Walmart in a report on Thursday, September 10th. Citigroup reduced their price target on shares of Walmart from $147.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Finally, Tigress Financial restated a “buy” rating and set a $155.00 price target on shares of Walmart in a research note on Monday, August 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.74.

Walmart Stock Up 2.4%

Shares of WMT stock traded up $2.64 on Thursday, hitting $110.80. The stock had a trading volume of 8,615,320 shares, compared to its average volume of 25,172,633. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23. The business has a 50 day moving average of $108.43 and a 200 day moving average of $116.55. Walmart Inc. has a 12-month low of $98.88 and a 12-month high of $135.15. The stock has a market cap of $879.04 billion, a price-to-earnings ratio of 40.05, a price-to-earnings-growth ratio of 4.09 and a beta of 0.58.

Walmart (NASDAQ:WMT) last released its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The business had revenue of $187.94 billion for the quarter, compared to analysts’ expectations of $186.64 billion. During the same period in the previous year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. As a group, analysts expect that Walmart Inc. will post 2.87 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 3,990 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $104.41, for a total transaction of $416,595.90. Following the completion of the sale, the executive vice president directly owned 618,359 shares of the company’s stock, valued at $64,562,863.19. This trade represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $106.66, for a total value of $1,399,912.50. Following the sale, the chief executive officer owned 647,912 shares in the company, valued at $69,106,293.92. The trade was a 1.99% decrease in their ownership of the stock. 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 81,219 shares of company stock valued at $8,604,429. Insiders own 0.09% of the company’s stock.

Walmart Company Profile

Walmart Inc (NASDAQ: WMT) is a multinational retailer that operates supercenters, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its merchandise includes groceries, apparel, electronics, home goods, health and wellness products, household essentials and general merchandise. Walmart also provides services such as grocery pickup and delivery, pharmacy services, financial products and digital advertising.

The company serves customers through its Walmart U.S., Walmart International and Sam’s Club segments.