Glenview Trust Co Acquires 7,528 Shares of Walmart Inc. $WMT

Glenview Trust Co increased its holdings in Walmart Inc. (NASDAQ:WMT) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 880,273 shares of the retailer’s stock after acquiring an additional 7,528 shares during the period. Walmart comprises 1.7% of Glenview Trust Co’s investment portfolio, making the stock its 14th biggest holding. Glenview Trust Co’s holdings in Walmart were worth $109,400,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Advisortrust Partners LLC increased its position in Walmart by 20.2% in the first quarter. Advisortrust Partners LLC now owns 67,142 shares of the retailer’s stock worth $8,344,000 after buying an additional 11,283 shares during the last quarter. Union Bancaire Privee UBP SA lifted its position in shares of Walmart by 253.3% during the 1st quarter. Union Bancaire Privee UBP SA now owns 384,034 shares of the retailer’s stock valued at $47,728,000 after buying an additional 275,337 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Walmart by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,416,580 shares of the retailer’s stock valued at $300,333,000 after buying an additional 68,632 shares during the last quarter. Vise Technologies Inc. grew its stake in shares of Walmart by 42.1% during the 4th quarter. Vise Technologies Inc. now owns 275,341 shares of the retailer’s stock worth $30,676,000 after acquiring an additional 81,635 shares during the period. Finally, Gerald Baker Financial Group LLC bought a new position in shares of Walmart during the 1st quarter worth $20,016,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. Evercore restated an “outperform” rating on shares of Walmart in a research note on Monday, May 18th. BTIG Research reiterated a “buy” rating and set a $145.00 target price on shares of Walmart in a research report on Wednesday, June 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $137.00 target price (down from $140.00) on shares of Walmart in a research report on Friday, May 22nd. TD Cowen reiterated a “buy” rating and issued a $150.00 target price (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. Finally, Freedom Capital raised shares of Walmart from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.85.

Walmart Price Performance

Shares of NASDAQ WMT opened at $112.20 on Tuesday. 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 Inc. has a fifty-two week low of $95.10 and a fifty-two week high of $135.15. The stock has a market cap of $892.90 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 4.26 and a beta of 0.60. The stock has a fifty day moving average of $118.51 and a 200-day moving average of $122.11.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $174.84 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The firm’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. Equities research analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current year.

Insider Activity

In related news, EVP Latriece Watkins sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president owned 120,203 shares of the company’s stock, valued at approximately $14,300,550.91. The trade was a 8.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the transaction, the director directly owned 4,174,579 shares of the company’s stock, valued at approximately $495,230,306.77. This represents a 0.46% 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 90 days, insiders sold 87,145 shares of company stock valued at $10,691,920. 0.09% of the stock is currently owned by insiders.

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.