GRIMES & Co WEALTH MANAGEMENT LLC decreased its position in Walmart Inc. (NASDAQ:WMT – Free Report) by 21.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,564 shares of the retailer’s stock after selling 11,111 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Walmart were worth $4,111,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of WMT. Montgomery Financial Services LLC acquired a new position in Walmart during the second quarter valued at approximately $32,000. Turim 21 Investimentos Ltda. bought a new position in Walmart during the first quarter worth $37,000. Pingora Partners LLC bought a new stake in shares of Walmart during the 2nd quarter worth about $34,000. PMV Capital Advisers LLC bought a new position in Walmart in the 2nd quarter valued at about $34,000. Finally, Evolution Wealth Management Inc. raised its holdings in Walmart by 44.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 316 shares of the retailer’s stock valued at $39,000 after acquiring an additional 97 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Christopher Nicholas sold 2,900 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $120.60, for a total value of $349,740.00. Following the completion of the transaction, the executive vice president directly owned 563,353 shares in the company, valued at approximately $67,940,371.80. The trade was a 0.51% decrease in their position. The sale was disclosed in a filing 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, CTO Suresh Kumar sold 166,342 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $123.21, for a total transaction of $20,494,997.82. Following the sale, the chief technology officer directly owned 1,632,223 shares of the company’s stock, valued at approximately $201,106,195.83. This trade represents a 9.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 268,222 shares of company stock valued at $31,604,051. Company insiders own 0.09% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald upgraded Walmart to a “buy” rating in a report on Friday, August 21st. Robert W. Baird lowered their target price on Walmart from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a report on Friday, August 21st. Roth Capital restated a “buy” rating on shares of Walmart in a research note on Friday, August 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $128.00 price objective (down from $137.00) on shares of Walmart in a report on Friday, August 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $132.41.
Read Our Latest Stock Report on WMT
Walmart Stock Performance
NASDAQ:WMT opened at $124.86 on Wednesday. The company has a market cap of $990.61 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 4.61 and a beta of 0.53. Walmart Inc. has a fifty-two week low of $98.88 and a fifty-two week high of $135.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. The stock has a fifty day moving average price of $111.08 and a 200-day moving average price of $118.46.
Walmart (NASDAQ:WMT – Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $187.94 billion for the quarter, compared to analysts’ expectations of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%. Walmart’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. 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, equities analysts anticipate that Walmart Inc. will post 2.88 EPS for the current fiscal year.
More Walmart News
Here are the key news stories impacting Walmart this week:
- Positive Sentiment: Walmart may be positioned to beat its next earnings estimates, according to Zacks, which points to its history of earnings surprises and factors supporting another potential beat. Why Walmart is Poised to Beat Earnings Estimates Again
- Positive Sentiment: Walmart’s expanded Sparky AI shopping assistant could support holiday sales by helping customers shop and potentially encouraging larger orders. Can Walmart’s Expanded Sparky AI Boost Holiday Shopping and Sales?
- Positive Sentiment: A report says Walmart’s e-commerce sales are growing faster than Amazon’s, suggesting its online business is gaining momentum. 1 Stat That Makes Walmart Hard to Ignore This November
- Neutral Sentiment: CTO Suresh Kumar sold 166,342 shares, and EVP Daniel Bartlett sold 3,346 shares. Both trades were made under pre-arranged Rule 10b5-1 plans; the sales may draw attention, but do not necessarily indicate a change in their views of the company. Kumar SEC filing Bartlett SEC filing
- Negative Sentiment: Bearish commentary highlights Walmart’s high valuation, with one article returning to a “strong sell” rating and another warning that the valuation may be stretched. Valuation concerns could weigh on sentiment even as the business outlook remains constructive. Walmart: Back To The Strong Sell Rating Walmart’s Defensive Reputation and Valuation
Walmart Company Profile
Walmart Inc (NASDAQ:WMT) operates a global retail business through a network of supercenters, supermarkets, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its stores and websites sell a broad assortment of merchandise, including groceries, consumables, health and wellness products, apparel, electronics, home goods, toys and other general merchandise.
The company organizes its operations into Walmart U.S., Walmart International and Sam’s Club U.S. Walmart U.S.
See Also
- Five stocks we like better than Walmart
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NASDAQ:WMT – Free Report).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.
