Novare Capital Management LLC Decreases Position in Walmart Inc. $WMT

Novare Capital Management LLC reduced its stake in shares of Walmart Inc. (NASDAQ:WMT) by 7.6% in the first quarter, HoldingsChannel.com reports. The fund owned 311,327 shares of the retailer’s stock after selling 25,457 shares during the quarter. Walmart accounts for approximately 3.1% of Novare Capital Management LLC’s portfolio, making the stock its 6th largest position. Novare Capital Management LLC’s holdings in Walmart were worth $38,692,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WMT. Entrust Financial LLC bought a new position in shares of Walmart during the 4th quarter valued at $27,000. Beacon Financial Strategies CORP purchased a new stake in Walmart during the fourth quarter valued at about $30,000. Bay Harbor Wealth Management LLC grew its stake in shares of Walmart by 57.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after buying an additional 105 shares during the last quarter. Clayton Financial Group LLC grew its stake in shares of Walmart by 193.0% during the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after buying an additional 193 shares during the last quarter. Finally, Sankala Group LLC purchased a new position in shares of Walmart in the fourth quarter worth about $33,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WMT shares. BTIG Research reissued a “buy” rating and set a $145.00 price objective on shares of Walmart in a research note on Wednesday, June 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a research note on Monday, April 20th. Bank of America assumed coverage on shares of Walmart in a report on Friday, February 27th. They issued a “buy” rating and a $150.00 price target on the stock. Craig Hallum set a $150.00 target price on shares of Walmart in a research note on Friday, March 6th. Finally, Wolfe Research reissued an “outperform” rating and issued a $137.00 price target (up from $135.00) on shares of Walmart in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $138.85.

Walmart Price Performance

NASDAQ WMT opened at $119.04 on Thursday. The company has a market cap of $947.30 billion, a PE ratio of 41.77, a P/E/G ratio of 4.46 and a beta of 0.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The firm’s 50 day moving average price is $124.11 and its 200-day moving average price is $122.21. Walmart Inc. has a 52-week low of $94.23 and a 52-week high of $135.15.

Walmart (NASDAQ:WMT) last issued its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. During the same quarter last year, the company earned $0.61 earnings per share. The company’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. Sell-side analysts forecast that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,385 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $119.83, for a total transaction of $165,964.55. Following the completion of the transaction, the executive vice president owned 633,784 shares of the company’s stock, valued at $75,946,336.72. This represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction dated 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 transaction, the director owned 4,174,579 shares in the company, valued at $495,230,306.77. The trade was a 0.46% 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 quarter, insiders have sold 100,730 shares of company stock worth $12,444,624. Corporate insiders own 0.09% of the company’s stock.

Trending Headlines about Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart plans to acquire Vibe.co to make connected-TV advertising more accessible for smaller advertisers and marketplace sellers, a move that could boost retail media revenue and deepen monetization of Walmart Connect. Article Title
• Positive Sentiment: Shapermint’s expansion into 1,600 additional Walmart stores highlights continued strength in Walmart’s physical retail reach and its ability to attract growing consumer brands. Article Title
• Positive Sentiment: Walmart’s long-term nuclear power deal with Constellation supports lower-carbon, reliable energy for logistics operations and signals a broader push to secure cost-stable power for its supply chain. Article Title
• Neutral Sentiment: EVP Christopher James Nicholas sold 2,900 shares under a pre-arranged trading plan, which is routine and appears limited relative to his overall holdings. Article Title
• Neutral Sentiment: Walmart-backed Flipkart’s quick-commerce expansion in India adds to the company’s international growth narrative, but it is an indirect catalyst for WMT shares. Article Title

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.