Royal Fund Management LLC Cuts Holdings in Walmart Inc. $WMT

Royal Fund Management LLC lessened its position in shares of Walmart Inc. (NASDAQ:WMT) by 50.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,867 shares of the retailer’s stock after selling 94,723 shares during the quarter. Walmart comprises 1.1% of Royal Fund Management LLC’s portfolio, making the stock its 18th biggest holding. Royal Fund Management LLC’s holdings in Walmart were worth $11,546,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Merkkuri Wealth Advisors LLC bought a new stake in Walmart in the first quarter worth $29,000. Entrust Financial LLC purchased a new position in shares of Walmart in the 4th quarter worth $27,000. Bay Harbor Wealth Management LLC increased its holdings in shares of Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after buying an additional 105 shares during the last quarter. Clayton Financial Group LLC raised its position in shares of Walmart by 193.0% during the 4th 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. Finally, Sankala Group LLC purchased a new position in Walmart in the fourth quarter worth about $33,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, Director C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the completion of the sale, the director owned 4,174,579 shares in the company, valued at $495,230,306.77. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of Walmart stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the transaction, the executive vice president owned 125,067 shares in the company, valued at $14,985,527.94. This represents a 8.74% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 67,729 shares of company stock worth $8,124,931. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WMT shares. Evercore restated an “outperform” rating on shares of Walmart in a research report on Monday, May 18th. Erste Group Bank downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, June 8th. Piper Sandler reiterated an “overweight” rating on shares of Walmart in a research report on Monday, June 8th. Finally, Mizuho set a $130.00 target price on shares of Walmart in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.65.

Walmart Price Performance

Walmart stock opened at $114.22 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23. The stock has a market cap of $908.97 billion, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 4.22 and a beta of 0.60. The firm has a 50-day moving average of $115.56 and a two-hundred day moving average of $122.03. Walmart Inc. has a 1 year low of $95.42 and a 1 year high of $135.15.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (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 firm had revenue of $177.75 billion during the quarter, compared to analyst estimates of $174.84 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. Walmart’s quarterly revenue was up 7.4% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, research analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current year.

Walmart Profile

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.