Perigon Wealth Management LLC Purchases 37,037 Shares of Walmart Inc. $WMT

Perigon Wealth Management LLC lifted its position in shares of Walmart Inc. (NASDAQ:WMT) by 26.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 174,556 shares of the retailer’s stock after acquiring an additional 37,037 shares during the quarter. Perigon Wealth Management LLC’s holdings in Walmart were worth $17,990,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Access Investment Management LLC bought a new position in Walmart during the 2nd quarter worth about $26,000. PFS Partners LLC boosted its stake in shares of Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after purchasing an additional 233 shares in the last quarter. Ridgewood Investments LLC increased its holdings in Walmart by 55.3% during the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after buying an additional 115 shares during the period. Livelsberger Financial Advisory bought a new position in Walmart in the second quarter worth approximately $44,000. Finally, Harbor Asset Planning Inc. purchased a new stake in Walmart during the second quarter worth $46,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.1%

Walmart stock opened at $111.74 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. The stock has a market cap of $890.59 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 5.16 and a beta of 0.64. The stock has a 50-day moving average of $108.13 and a two-hundred day moving average of $102.61. Walmart Inc. has a one year low of $79.81 and a one year high of $117.45.

Walmart (NASDAQ:WMT) last posted its quarterly earnings data 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 firm had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. On average, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wolfe Research initiated coverage on Walmart in a report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price target on the stock. BMO Capital Markets raised their price objective on Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. lifted their target price on Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Morgan Stanley reiterated an “overweight” rating and issued a $125.00 target price (up from $115.00) on shares of Walmart in a report on Friday, November 21st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Walmart in a report on Tuesday, December 9th. Thirty-two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $120.69.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $107.78, for a total value of $1,414,612.50. Following the completion of the transaction, the executive vice president owned 892,940 shares of the company’s stock, valued at approximately $96,241,073.20. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $111.23, for a total transaction of $244,706.00. Following the sale, the executive vice president directly owned 617,318 shares in the company, valued at $68,664,281.14. This trade represents a 0.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 108,412 shares of company stock worth $11,741,699 in the last three months. 0.10% of the stock is owned by company insiders.

About Walmart

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.