Avestar Capital LLC Has $5.11 Million Holdings in Walmart Inc. $WMT

Avestar Capital LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,290 shares of the retailer’s stock after acquiring an additional 5,295 shares during the quarter. Avestar Capital LLC’s holdings in Walmart were worth $5,113,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC raised its position in shares of Walmart by 397,264.9% in the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after buying an additional 104,488,610 shares in the last quarter. Norges Bank acquired a new stake in Walmart during the second quarter worth approximately $5,367,770,000. Nuveen LLC bought a new position in Walmart during the 1st quarter worth $2,532,331,000. Laurel Wealth Advisors LLC raised its holdings in Walmart by 9,648.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock valued at $1,123,138,000 after acquiring an additional 11,368,549 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Walmart by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock valued at $42,223,116,000 after acquiring an additional 5,856,468 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $109.57, for a total value of $2,127,411.12. Following the completion of the transaction, the chief executive officer owned 4,334,747 shares of the company’s stock, valued at $474,958,228.79. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $104.75, for a total value of $1,374,843.75. Following the completion of the transaction, the executive vice president owned 879,815 shares of the company’s stock, valued at $92,160,621.25. This represents a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 158,013 shares of company stock worth $16,657,847 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Walmart Trading Up 0.3%

WMT opened at $115.22 on Friday. The company has a market cap of $918.32 billion, a P/E ratio of 40.29, a PEG ratio of 5.31 and a beta of 0.64. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $105.07 and its 200-day moving average is $100.83. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $116.27.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $179.50 billion for the quarter, compared to analyst estimates of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WMT. Evercore ISI reissued an “outperform” rating and set a $115.00 target price (up from $111.00) on shares of Walmart in a report on Friday, November 21st. Bank of America increased their price objective on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Mizuho reissued an “outperform” rating and issued a $115.00 target price on shares of Walmart in a report on Wednesday, August 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $116.00 price target on shares of Walmart in a report on Friday, November 21st. Finally, Robert W. Baird increased their price target on shares of Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.