Walmart Inc. $WMT Shares Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners grew its stake in shares of Walmart Inc. (NASDAQ:WMT) by 466.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,343 shares of the retailer’s stock after purchasing an additional 10,988 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Walmart were worth $1,375,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WMT. Vanguard Group Inc. lifted its stake in Walmart by 0.9% during the third quarter. Vanguard Group Inc. now owns 435,652,710 shares of the retailer’s stock valued at $44,898,368,000 after buying an additional 3,835,200 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Walmart by 0.3% during the second quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock valued at $9,199,712,000 after acquiring an additional 263,718 shares during the period. Norges Bank acquired a new stake in shares of Walmart during the second quarter valued at approximately $5,367,770,000. Fisher Asset Management LLC lifted its position in shares of Walmart by 1.6% in the 3rd quarter. Fisher Asset Management LLC now owns 40,298,623 shares of the retailer’s stock valued at $4,153,176,000 after acquiring an additional 634,211 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Walmart by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock valued at $3,126,775,000 after acquiring an additional 1,098,342 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $119.99, for a total transaction of $1,574,868.75. Following the transaction, the executive vice president owned 727,155 shares of the company’s stock, valued at approximately $87,251,328.45. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 20,000 shares of Walmart stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $122.27, for a total transaction of $2,445,400.00. Following the completion of the sale, the executive vice president owned 506,764 shares of the company’s stock, valued at $61,962,034.28. This trade represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 279,703 shares of company stock valued at $34,140,843 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WMT shares. Deutsche Bank Aktiengesellschaft set a $120.00 price objective on shares of Walmart in a research report on Friday, February 20th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $140.00 target price (up from $130.00) on shares of Walmart in a research report on Tuesday, February 10th. Truist Financial lifted their price target on Walmart from $127.00 to $139.00 and gave the company a “buy” rating in a report on Friday, February 20th. Citigroup reissued a “buy” rating and set a $147.00 price target (up from $120.00) on shares of Walmart in a research report on Thursday, February 5th. Finally, Guggenheim restated a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Walmart in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

Walmart Trading Down 1.3%

NASDAQ WMT opened at $123.49 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $134.69. The firm’s fifty day simple moving average is $122.61 and its 200-day simple moving average is $111.53. The company has a market capitalization of $984.24 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 4.66 and a beta of 0.66.

Walmart (NASDAQ:WMT) last issued its earnings results on Thursday, February 19th. The retailer reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The firm had revenue of $190.66 billion for the quarter, compared to the consensus estimate of $188.37 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 11th will be paid a $0.2475 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.99 annualized dividend and a dividend yield of 0.8%. Walmart’s payout ratio is presently 36.13%.

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.