Cogent Private Wealth Inc. Makes New Investment in Walmart Inc. $WMT

Cogent Private Wealth Inc. bought a new position in shares of Walmart Inc. (NASDAQ:WMTFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,755 shares of the retailer’s stock, valued at approximately $530,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stockman Wealth Management Inc. raised its position in shares of Walmart by 3.5% during the fourth quarter. Stockman Wealth Management Inc. now owns 2,561 shares of the retailer’s stock valued at $285,000 after buying an additional 87 shares during the last quarter. Capstone Wealth Management LLC raised its position in shares of Walmart by 1.8% during the fourth quarter. Capstone Wealth Management LLC now owns 4,955 shares of the retailer’s stock valued at $552,000 after buying an additional 89 shares during the last quarter. Ellenbecker Investment Group raised its position in shares of Walmart by 0.6% during the fourth quarter. Ellenbecker Investment Group now owns 14,475 shares of the retailer’s stock valued at $1,613,000 after buying an additional 90 shares during the last quarter. Matrix Trust Co raised its position in shares of Walmart by 20.0% during the fourth quarter. Matrix Trust Co now owns 547 shares of the retailer’s stock valued at $61,000 after buying an additional 91 shares during the last quarter. Finally, Frazier Financial Advisors LLC raised its position in shares of Walmart by 4.1% during the fourth quarter. Frazier Financial Advisors LLC now owns 2,362 shares of the retailer’s stock valued at $263,000 after buying an additional 93 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP Christopher James Nicholas sold 2,900 shares of Walmart stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $123.92, for a total transaction of $359,368.00. Following the completion of the transaction, the executive vice president directly owned 577,853 shares of the company’s stock, valued at $71,607,543.76. The trade was a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $121.96, for a total transaction of $1,600,725.00. Following the transaction, the chief executive officer directly owned 687,287 shares of the company’s stock, valued at $83,821,522.52. The trade was a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 117,008 shares of company stock valued at $14,492,704 over the last three months. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $138.00 price objective on shares of Walmart in a research report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a research report on Monday, April 20th. Erste Group Bank upgraded shares of Walmart from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. TD Cowen reiterated a “buy” rating and set a $150.00 price objective (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Finally, BNP Paribas Exane cut their target price on shares of Walmart from $147.00 to $146.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Two investment 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 company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $138.85.

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Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

Walmart Trading Down 1.0%

WMT stock opened at $114.60 on Tuesday. The firm has a fifty day moving average price of $125.98 and a 200 day moving average price of $120.81. Walmart Inc. has a fifty-two week low of $93.43 and a fifty-two 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 firm has a market cap of $913.48 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 4.32 and a beta of 0.60.

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

About Walmart

(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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