Walmart Inc. $WMT Shares Sold by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC lowered its position in shares of Walmart Inc. (NASDAQ:WMT) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 801,592 shares of the retailer’s stock after selling 11,998 shares during the quarter. Walmart makes up 1.7% of Atalanta Sosnoff Capital LLC’s holdings, making the stock its 20th largest holding. Atalanta Sosnoff Capital LLC’s holdings in Walmart were worth $89,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the business. Fox Run Management L.L.C. bought a new stake in Walmart during the third quarter worth about $1,709,000. Vise Technologies Inc. increased its stake in shares of Walmart by 42.1% in the 4th quarter. Vise Technologies Inc. now owns 275,341 shares of the retailer’s stock valued at $30,676,000 after acquiring an additional 81,635 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Walmart by 2.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer’s stock valued at $104,182,000 after acquiring an additional 28,026 shares in the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in Walmart in the 4th quarter valued at $40,855,000. Finally, Tennessee Valley Asset Management Partners grew its position in Walmart by 466.6% in the 3rd quarter. Tennessee Valley Asset Management Partners now owns 13,343 shares of the retailer’s stock valued at $1,375,000 after purchasing an additional 10,988 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 0.4%

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

Walmart (NASDAQ:WMT) last issued its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The company had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Analysts expect that Walmart Inc. will post 2.89 EPS for the current year.

Insider Buying and Selling

In other news, Director C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the transaction, the director owned 4,174,579 shares of the company’s stock, valued at approximately $495,230,306.77. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total value of $1,308,670.00. Following the transaction, the executive vice president directly owned 120,203 shares in the company, valued at approximately $14,300,550.91. This represents a 8.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,986 shares of company stock valued at $15,927,908 in the last quarter. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WMT. Craig Hallum set a $150.00 price target on shares of Walmart in a research report on Friday, March 6th. HSBC downgraded shares of Walmart from a “buy” rating to a “hold” rating and lifted their price target for the company from $122.00 to $131.00 in a research report on Friday, February 20th. Jefferies Financial Group set a $145.00 price objective on shares of Walmart in a report on Friday, February 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Walmart in a report on Friday, March 6th. Finally, Wolfe Research reiterated an “outperform” rating and set a $137.00 target price (up from $135.00) on shares of Walmart in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.85.

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.