Adams Diversified Equity Fund Inc. Reduces Holdings in Walmart Inc. $WMT

Adams Diversified Equity Fund Inc. decreased its position in shares of Walmart Inc. (NASDAQ:WMT) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 347,643 shares of the retailer’s stock after selling 5,600 shares during the quarter. Walmart makes up about 1.3% of Adams Diversified Equity Fund Inc.’s holdings, making the stock its 18th largest position. Adams Diversified Equity Fund Inc.’s holdings in Walmart were worth $38,731,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WMT. Renaissance Group LLC grew its holdings in shares of Walmart by 0.9% during the fourth quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock worth $1,074,000 after buying an additional 83 shares during the last quarter. Calton & Associates Inc. grew its holdings in shares of Walmart by 0.3% during the fourth quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock worth $3,033,000 after buying an additional 84 shares during the last quarter. Advocacy Wealth Management LLC grew its holdings in shares of Walmart by 2.5% during the fourth quarter. Advocacy Wealth Management LLC now owns 3,392 shares of the retailer’s stock worth $378,000 after buying an additional 84 shares during the last quarter. Stockman Wealth Management Inc. grew its holdings 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 worth $285,000 after buying an additional 87 shares during the last quarter. Finally, Capstone Wealth Management LLC grew its holdings 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 worth $552,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Erste Group Bank lowered Walmart from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Evercore reissued an “outperform” rating on shares of Walmart in a report on Monday, May 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a report on Monday, April 20th. Argus raised Walmart to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Truist Financial set a $140.00 price target on Walmart in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $138.85.

Walmart Price Performance

WMT stock opened at $121.04 on Friday. The firm has a 50 day moving average of $125.28 and a 200-day moving average of $121.66. Walmart Inc. has a 12-month low of $93.62 and a 12-month high of $135.15. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market cap of $963.25 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 4.52 and a beta of 0.59.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. During the same period last year, the firm earned $0.61 EPS. The company’s revenue for the quarter 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. As a group, equities analysts expect that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Insider Activity

In related news, CEO John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 687,287 shares in the company, valued at $83,821,522.52. The trade was a 1.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.63, for a total value of $2,303,320.08. Following the transaction, the director 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 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 worth $15,927,908. 0.09% of the stock is owned by corporate insiders.

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.