Burney Co. Buys 33,432 Shares of Walmart Inc. $WMT

Burney Co. increased its stake in Walmart Inc. (NASDAQ:WMT) by 22.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 185,330 shares of the retailer’s stock after purchasing an additional 33,432 shares during the quarter. Burney Co.’s holdings in Walmart were worth $19,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of Walmart by 24.2% in the third quarter. CWM LLC now owns 1,175,703 shares of the retailer’s stock valued at $121,168,000 after purchasing an additional 229,220 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Walmart by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,091,126 shares of the retailer’s stock valued at $497,771,000 after buying an additional 42,645 shares in the last quarter. Aviva PLC lifted its holdings in shares of Walmart by 16.4% during the 2nd quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock worth $374,861,000 after acquiring an additional 539,504 shares during the period. Weatherly Asset Management L. P. boosted its position in shares of Walmart by 7.0% during the 2nd quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock valued at $5,489,000 after acquiring an additional 3,696 shares in the last quarter. Finally, Willis Johnson & Associates Inc. increased its stake in Walmart by 76.6% in the second quarter. Willis Johnson & Associates Inc. now owns 42,626 shares of the retailer’s stock valued at $4,168,000 after acquiring an additional 18,485 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $111.23, for a total transaction of $244,706.00. Following the transaction, the executive vice president owned 617,318 shares of the company’s stock, valued at approximately $68,664,281.14. This represents a 0.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $101.63, for a total value of $406,520.00. Following the completion of the transaction, the executive vice president owned 1,040,455 shares in the company, valued at $105,741,441.65. The trade was a 0.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,412 shares of company stock worth $11,741,699 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of NASDAQ:WMT opened at $111.74 on Friday. The business has a fifty day moving average of $108.13 and a 200-day moving average of $102.53. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $117.45. The firm has a market cap of $890.59 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 5.15 and a beta of 0.64.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMT. Evercore ISI set a $120.00 price objective on Walmart and gave the company an “outperform” rating in a report on Tuesday, December 16th. Wolfe Research started coverage on Walmart in a research note on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price target on the stock. Bank of America increased their price objective on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. UBS Group set a $130.00 target price on shares of Walmart in a research note on Wednesday, December 3rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $120.00 target price (up previously from $115.00) on shares of Walmart in a report on Friday, November 21st. Thirty-two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.69.

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.