Griffin Asset Management Inc. Has $14.80 Million Position in Walmart Inc. $WMT

Griffin Asset Management Inc. decreased its stake in Walmart Inc. (NASDAQ:WMT) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,636 shares of the retailer’s stock after selling 7,724 shares during the period. Walmart accounts for about 1.7% of Griffin Asset Management Inc.’s holdings, making the stock its 15th biggest holding. Griffin Asset Management Inc.’s holdings in Walmart were worth $14,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWM LLC grew its position in Walmart by 24.2% in the 3rd quarter. CWM LLC now owns 1,175,703 shares of the retailer’s stock worth $121,168,000 after purchasing an additional 229,220 shares in the last quarter. Neuberger Berman Group LLC boosted 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 worth $497,771,000 after buying an additional 42,645 shares during the last quarter. Aviva PLC boosted its stake in shares of Walmart by 16.4% in the 2nd quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock worth $374,861,000 after buying an additional 539,504 shares during the last quarter. Weatherly Asset Management L. P. grew its holdings in shares of Walmart by 7.0% in the second 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 position in shares of Walmart by 76.6% during 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 last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of NASDAQ:WMT opened at $111.74 on Friday. The firm has a market capitalization of $890.59 billion, a PE ratio of 39.07, a P/E/G ratio of 5.16 and a beta of 0.64. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $108.13 and a two-hundred day moving average price of $102.56. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $117.45.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,425 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $117.00, for a total value of $166,725.00. Following the completion of the transaction, the executive vice president directly owned 641,363 shares of the company’s stock, valued at $75,039,471. This trade represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Friday, December 19th. The shares were sold at an average price of $115.21, for a total value of $460,840.00. Following the completion of the transaction, the executive vice president owned 1,031,455 shares of the company’s stock, valued at approximately $118,833,930.55. This trade represents a 0.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 108,412 shares of company stock valued at $11,741,699. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on WMT shares. Telsey Advisory Group reissued an “outperform” rating and issued a $135.00 price objective on shares of Walmart in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their target price on Walmart from $128.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Morgan Stanley restated an “overweight” rating and set a $125.00 price target (up previously from $115.00) on shares of Walmart in a research report on Friday, November 21st. Robert W. Baird boosted their target price on shares of Walmart from $110.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Finally, UBS Group set a $130.00 target price on shares of Walmart in a research report on Wednesday, December 3rd. Thirty-two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $120.69.

Walmart 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.