Walmart Inc. $WMT Shares Sold by Alta Advisers Ltd

Alta Advisers Ltd trimmed its stake in shares of Walmart Inc. (NASDAQ:WMTFree Report) by 21.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,213 shares of the retailer’s stock after selling 4,600 shares during the quarter. Walmart comprises 0.7% of Alta Advisers Ltd’s portfolio, making the stock its 20th largest position. Alta Advisers Ltd’s holdings in Walmart were worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Walmart by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock worth $49,015,626,000 after purchasing an additional 4,304,436 shares during the period. State Street Corp raised its position in shares of Walmart by 1.2% during the 3rd quarter. State Street Corp now owns 184,805,978 shares of the retailer’s stock worth $19,046,104,000 after purchasing an additional 2,242,364 shares during the period. Fisher Asset Management LLC raised its position in shares of Walmart by 0.8% during the 4th quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer’s stock worth $4,526,238,000 after purchasing an additional 328,229 shares during the period. Legal & General Group Plc grew its holdings in Walmart by 3.5% in the 3rd quarter. Legal & General Group Plc now owns 27,268,463 shares of the retailer’s stock worth $2,810,288,000 after buying an additional 934,468 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Walmart by 0.4% in the 3rd quarter. Raymond James Financial Inc. now owns 24,990,692 shares of the retailer’s stock worth $2,575,541,000 after buying an additional 93,459 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

More Walmart News

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Analysts Set New Price Targets

WMT has been the subject of a number of recent analyst reports. Tigress Financial set a $150.00 price objective on Walmart and gave the stock a “buy” rating in a report on Wednesday, February 25th. Jefferies Financial Group set a $145.00 price objective on Walmart in a report on Friday, February 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $138.00 price objective on shares of Walmart in a report on Friday, February 20th. Telsey Advisory Group increased their price objective on Walmart from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Craig Hallum set a $150.00 price objective on Walmart in a report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $138.71.

Check Out Our Latest Report on Walmart

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,250 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $133.77, for a total transaction of $167,212.50. Following the completion of the sale, the executive vice president directly owned 635,593 shares of the company’s stock, valued at $85,023,275.61. This trade represents a 0.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $124.08, for a total value of $1,628,550.00. Following the sale, the chief executive officer directly owned 661,037 shares of the company’s stock, valued at approximately $82,021,470.96. This represents a 1.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 126,008 shares of company stock worth $15,896,715. 0.10% of the stock is owned by insiders.

Walmart Stock Performance

Shares of NASDAQ WMT opened at $118.57 on Wednesday. The stock has a fifty day moving average price of $126.51 and a two-hundred day moving average price of $120.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The firm has a market cap of $945.12 billion, a P/E ratio of 41.60, a PEG ratio of 4.45 and a beta of 0.65. Walmart Inc. has a 1 year low of $93.43 and a 1 year high of $135.15.

Walmart (NASDAQ:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $177.75 billion during the quarter, compared to analyst estimates of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Research analysts forecast that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Walmart Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NASDAQ:WMT)

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