Connecticut Capital Management Group LLC Buys Shares of 7,984 Walmart Inc. $WMT

Connecticut Capital Management Group LLC bought a new stake in Walmart Inc. (NASDAQ:WMT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,984 shares of the retailer’s stock, valued at approximately $889,000. Walmart accounts for about 0.9% of Connecticut Capital Management Group LLC’s holdings, making the stock its 28th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in Walmart during the 3rd quarter worth approximately $1,709,000. Van ECK Associates Corp grew its holdings in Walmart by 2.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer’s stock worth $104,182,000 after acquiring an additional 28,026 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new stake in Walmart during the 4th quarter worth approximately $40,855,000. Tennessee Valley Asset Management Partners grew its holdings in Walmart by 466.6% during the 3rd quarter. Tennessee Valley Asset Management Partners now owns 13,343 shares of the retailer’s stock worth $1,375,000 after acquiring an additional 10,988 shares during the last quarter. Finally, Florida Trust Wealth Management Co grew its holdings in Walmart by 7.0% during the 4th quarter. Florida Trust Wealth Management Co now owns 196,648 shares of the retailer’s stock worth $21,909,000 after acquiring an additional 12,794 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Down 0.0%

Shares of NASDAQ WMT opened at $118.54 on Thursday. The company has a market capitalization of $944.88 billion, a P/E ratio of 41.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.65. Walmart Inc. has a 52-week low of $93.43 and a 52-week high of $135.15. 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 company’s 50 day moving average price is $126.36 and its 200-day moving average price is $120.53.

Walmart (NASDAQ:WMT) last issued its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current year.

Insider Activity at Walmart

In related news, Director C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $132.21, for a total transaction of $2,566,989.36. Following the transaction, the director owned 4,193,995 shares in the company, valued at $554,488,078.95. The trade was a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John D. Rainey sold 20,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $127.79, for a total transaction of $2,555,800.00. Following the transaction, the executive vice president owned 486,764 shares in the company, valued at $62,203,571.56. The trade was a 3.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 106,592 shares of company stock worth $13,436,513 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: TD Cowen raised its price target on Walmart to $150 from $145 and kept a Buy rating, citing strong grocery traffic that could support sales momentum. TD Cowen Boosts Target on Walmart (WMT) Amid Strong Grocery Traffic
• Positive Sentiment: Walmart’s e-commerce business grew 26%, while ads and membership revenue continue to scale, supporting the company’s longer-term profit mix. Target vs. Walmart: Which Retail Stock Is the Better Buy After Earnings?
• Neutral Sentiment: Walmart is being added to the Russell 3000 elite/top 10 during the June reconstitution, which is notable for index investors but not a direct fundamental catalyst. Walmart Joins Russell 3000 Elite As Investors Weigh Q1 Shakeup
• Neutral Sentiment: Walmart launched a logistics program to streamline distribution and simplify supplier shipments, a cost-efficiency move that could help over time. Walmart Debuts Program to Streamline Distribution Network
• Negative Sentiment: Recent commentary continues to focus on Walmart’s post-earnings slide, with investors worried that fuel and other costs are squeezing margins and overshadowing growth. Walmart Sinks 8.1% Post Q1 Earnings: Exit WMT Stock or Stay Put?
• Negative Sentiment: RBC Capital trimmed its price target to $137 from $140 after Walmart’s in-line quarter and softer-than-expected guidance, reinforcing concerns about near-term earnings momentum. Walmart (WMT) – Among the Top 12 Picks for a Dividend Stock Portfolio For Retirement

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Craig Hallum set a $150.00 target price on shares of Walmart in a report on Friday, March 6th. BTIG Research reissued a “buy” rating and set a $145.00 target price on shares of Walmart in a report on Friday, May 22nd. Telsey Advisory Group boosted their target price on shares of Walmart from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. DA Davidson set a $150.00 target price on shares of Walmart and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft set a $120.00 price target on shares of Walmart in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.71.

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.