Banco Santander S.A. Sells 40,398 Shares of Walmart Inc. $WMT

Banco Santander S.A. decreased its position in shares of Walmart Inc. (NASDAQ:WMT) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 812,706 shares of the retailer’s stock after selling 40,398 shares during the quarter. Walmart comprises approximately 0.7% of Banco Santander S.A.’s investment portfolio, making the stock its 24th biggest holding. Banco Santander S.A.’s holdings in Walmart were worth $90,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Group LLC boosted its stake in Walmart by 0.9% during the 4th quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock worth $1,074,000 after acquiring an additional 83 shares during the last quarter. Calton & Associates Inc. boosted its stake in Walmart by 0.3% during the 4th quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock worth $3,033,000 after acquiring an additional 84 shares during the last quarter. Advocacy Wealth Management LLC boosted its stake in Walmart by 2.5% during the 4th quarter. Advocacy Wealth Management LLC now owns 3,392 shares of the retailer’s stock worth $378,000 after acquiring an additional 84 shares during the last quarter. Stockman Wealth Management Inc. boosted its stake in Walmart by 3.5% during the 4th quarter. Stockman Wealth Management Inc. now owns 2,561 shares of the retailer’s stock worth $285,000 after acquiring an additional 87 shares during the last quarter. Finally, Capstone Wealth Management LLC boosted its stake in Walmart by 1.8% during the 4th quarter. Capstone Wealth Management LLC now owns 4,955 shares of the retailer’s stock worth $552,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.63, for a total value of $2,303,320.08. Following the transaction, the director directly owned 4,174,579 shares of the company’s stock, valued at $495,230,306.77. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the completion of the transaction, the executive vice president directly owned 125,067 shares in the company, valued at $14,985,527.94. The trade was a 8.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 128,986 shares of company stock valued at $15,927,908. 0.09% of the stock is currently owned by insiders.

Walmart Stock Up 0.4%

Shares of WMT stock opened at $121.04 on Friday. 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’s 50-day moving average is $125.28 and its 200-day moving average is $121.66. The stock has a market cap of $963.25 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 4.50 and a beta of 0.59. Walmart Inc. has a 52-week low of $93.62 and a 52-week high of $135.15.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $177.75 billion for 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%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior 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 predict that Walmart Inc. will post 2.89 EPS for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent analyst reports. Erste Group Bank lowered shares of Walmart from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Bank of America assumed coverage on Walmart in a report on Friday, February 27th. They set a “buy” rating and a $150.00 price objective on the stock. Evercore reiterated an “outperform” rating on shares of Walmart in a report on Monday, May 18th. BTIG Research reiterated a “buy” rating and set a $145.00 price objective on shares of Walmart in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $137.00 price objective (down from $140.00) on shares of Walmart in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.85.

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.