Walmart Inc. $WMT Stock Holdings Lifted by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC increased its stake in Walmart Inc. (NASDAQ:WMT) by 82.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,496 shares of the retailer’s stock after buying an additional 7,931 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Walmart were worth $1,818,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. State Street Corp raised its stake in shares of Walmart by 1.1% during the second quarter. State Street Corp now owns 188,036,646 shares of the retailer’s stock valued at $21,297,031,000 after purchasing an additional 2,107,781 shares during the period. Bank of America Corp DE acquired a new position in shares of Walmart during the second quarter worth $7,455,131,000. Bank of New York Mellon Corp lifted its position in shares of Walmart by 6.4% during the first quarter. Bank of New York Mellon Corp now owns 28,142,040 shares of the retailer’s stock worth $3,497,493,000 after purchasing an additional 1,681,353 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Walmart in the second quarter valued at $2,905,655,000. Finally, Amundi boosted its stake in shares of Walmart by 44.4% in the second quarter. Amundi now owns 20,796,957 shares of the retailer’s stock valued at $2,355,463,000 after purchasing an additional 6,393,326 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $124.86 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a one year low of $98.88 and a one year high of $135.15. The company’s 50-day simple moving average is $111.08 and its 200-day simple moving average is $118.46. The stock has a market capitalization 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 (NASDAQ:WMT) last posted 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 business had revenue of $187.94 billion during the quarter, compared to the consensus estimate of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm 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. Equities analysts anticipate that Walmart Inc. will post 2.88 earnings per share for the current fiscal year.

Insider Activity at Walmart

In related news, CEO John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $106.66, for a total transaction of $1,399,912.50. Following the sale, the chief executive officer directly owned 647,912 shares of the company’s stock, valued at approximately $69,106,293.92. This represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel Danker sold 50,644 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $105.35, for a total value of $5,335,345.40. Following the sale, the executive vice president directly owned 201,672 shares in the company, valued at approximately $21,246,145.20. This represents a 20.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 268,222 shares of company stock worth $31,604,051 over the last quarter. 0.09% of the stock is owned by corporate insiders.

Key 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

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. Cantor Fitzgerald raised shares of Walmart to a “buy” rating in a research note on Friday, August 21st. Guggenheim set a $130.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Friday, August 21st. Royal Bank Of Canada lowered their target price on Walmart from $137.00 to $131.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Roth Capital restated a “buy” rating on shares of Walmart in a research note on Friday, August 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, August 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $132.41.

About Walmart

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.