Walmart Inc. $WMT Stock: Legacy CG LLC Reduces Stake

Legacy CG LLC lowered its stake in shares of Walmart Inc. (NASDAQ:WMT) by 12.2% in the third quarter, Holdings Channel reports. The institutional investor owned 45,984 shares of the retailer’s stock after selling 6,396 shares during the period. Legacy CG LLC’s holdings in Walmart were worth $4,779,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WMT. Compton Financial Group LLC raised its holdings in Walmart by 4.1% in the 1st quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer’s stock valued at $259,000 after acquiring an additional 82 shares in the last quarter. Strait & Sound Wealth Management LLC lifted its position in shares of Walmart by 0.3% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 25,443 shares of the retailer’s stock worth $3,162,000 after acquiring an additional 84 shares during the period. Kassira Wealth Management LLC lifted its position in shares of Walmart by 0.8% in the 3rd quarter. Kassira Wealth Management LLC now owns 11,538 shares of the retailer’s stock worth $1,199,000 after acquiring an additional 88 shares during the period. Bernicke Wealth Management Ltd. grew its holdings in shares of Walmart by 0.7% during the 2nd quarter. Bernicke Wealth Management Ltd. now owns 12,548 shares of the retailer’s stock worth $1,421,000 after purchasing an additional 89 shares in the last quarter. Finally, MBE Wealth Management LLC grew its holdings in shares of Walmart by 1.0% during the 3rd quarter. MBE Wealth Management LLC now owns 9,306 shares of the retailer’s stock worth $967,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 2.2%

Shares of NASDAQ:WMT opened at $124.86 on Wednesday. Walmart Inc. has a 52 week low of $98.88 and a 52 week high of $135.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. The company’s fifty day moving average is $111.08 and its 200-day moving average is $118.46. The company has a market capitalization of $990.61 billion, a PE ratio of 45.08, a P/E/G ratio of 4.61 and a beta of 0.53.

Walmart (NASDAQ:WMT) last announced its earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share (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 analysts’ expectations of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. 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 research analysts predict that Walmart Inc. will post 2.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Gordon Haskett cut Walmart from a “buy” rating to an “accumulate” rating in a research report on Thursday, August 20th. Tigress Financial reiterated a “buy” rating and set a $155.00 price target on shares of Walmart in a research note on Monday, August 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $130.00 target price on shares of Walmart in a research report on Friday, August 21st. Robert W. Baird lowered their target price on shares of Walmart from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 21st. Finally, Jefferies Financial Group restated a “buy” rating and set a $120.00 price target on shares of Walmart in a research note 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $132.41.

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

Insider Activity

In other news, CTO Suresh Kumar sold 166,342 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $123.21, for a total transaction of $20,494,997.82. Following the completion of the sale, the chief technology officer owned 1,632,223 shares of the company’s stock, valued at approximately $201,106,195.83. This trade represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 5,000 shares of Walmart stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $115.00, for a total transaction of $575,000.00. Following the completion of the transaction, the executive vice president owned 110,432 shares of the company’s stock, valued at $12,699,680. This trade represents a 4.33% 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. In the last three months, insiders sold 268,222 shares of company stock valued at $31,604,051. Corporate insiders own 0.09% of the company’s stock.

Walmart Company Profile

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.