Seven Mile Advisory Sells 5,289 Shares of Walmart Inc. $WMT

Seven Mile Advisory trimmed its position in Walmart Inc. (NASDAQ:WMT) by 29.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,487 shares of the retailer’s stock after selling 5,289 shares during the quarter. Seven Mile Advisory’s holdings in Walmart were worth $1,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WMT. Norges Bank bought a new stake in shares of Walmart in the 4th quarter valued at about $6,458,529,000. AQR Capital Management LLC raised its holdings in shares of Walmart by 188.1% in the 3rd quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer’s stock valued at $1,199,907,000 after purchasing an additional 7,614,172 shares during the period. Geode Capital Management LLC raised its holdings in shares of Walmart by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock valued at $11,426,753,000 after purchasing an additional 6,517,394 shares during the period. Capital International Investors bought a new stake in shares of Walmart in the 4th quarter valued at about $592,848,000. Finally, Vanguard Group Inc. raised its holdings in shares of Walmart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock valued at $49,015,626,000 after purchasing an additional 4,304,436 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other Walmart news, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $123.92, for a total transaction of $359,368.00. Following the transaction, the executive vice president owned 577,853 shares in the company, valued at $71,607,543.76. This represents a 0.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the transaction, the executive vice president owned 125,067 shares in the company, valued at approximately $14,985,527.94. The trade was a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 128,986 shares of company stock worth $15,927,908. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WMT. BTIG Research reaffirmed a “buy” rating and issued a $145.00 target price on shares of Walmart in a report on Wednesday, June 3rd. HSBC cut shares of Walmart from a “buy” rating to a “hold” rating and upped their target price for the company from $122.00 to $131.00 in a report on Friday, February 20th. Erste Group Bank lowered shares of Walmart from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Truist Financial set a $140.00 price target on shares of Walmart in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $138.00 price target on shares of Walmart in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.85.

Walmart Price Performance

Shares of WMT opened at $121.04 on Monday. Walmart Inc. has a 52 week low of $93.62 and a 52 week high of $135.15. The firm has a market cap of $963.25 billion, a P/E ratio of 42.47, a price-to-earnings-growth ratio of 4.52 and a beta of 0.60. The firm’s 50-day simple moving average is $125.28 and its 200 day simple moving average is $121.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77.

Walmart (NASDAQ:WMT) last announced 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 net margin of 3.13% and a return on equity of 21.25%. The business had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. During the same quarter in the prior year, the business earned $0.61 EPS. 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, analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current year.

Walmart Company 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.