Drake & Associates LLC Cuts Stock Holdings in Walmart Inc. $WMT

Drake & Associates LLC cut its stake in Walmart Inc. (NASDAQ:WMT) by 28.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,905 shares of the retailer’s stock after selling 8,024 shares during the quarter. Walmart comprises 0.4% of Drake & Associates LLC’s holdings, making the stock its 24th largest holding. Drake & Associates LLC’s holdings in Walmart were worth $2,218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Entrust Financial LLC purchased a new position in Walmart in the fourth quarter worth about $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of Walmart during the 3rd quarter worth approximately $30,000. Beacon Financial Strategies CORP purchased a new position in Walmart during the 4th quarter valued at $30,000. Bay Harbor Wealth Management LLC boosted its holdings in Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after acquiring an additional 105 shares during the period. Finally, Clayton Financial Group LLC grew its position in Walmart by 193.0% in the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after acquiring an additional 193 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP Latriece Watkins sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the sale, the executive vice president owned 120,203 shares in the company, valued at $14,300,550.91. This trade represents a 8.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 117,246 shares of company stock valued at $14,493,147. 0.09% of the stock is currently owned by corporate insiders.

Walmart Price Performance

WMT stock opened at $117.18 on Friday. Walmart Inc. has a 12 month low of $94.23 and a 12 month high of $135.15. The firm has a market capitalization of $932.53 billion, a PE ratio of 41.12, a P/E/G ratio of 4.37 and a beta of 0.59. The company’s 50 day simple moving average is $124.61 and its 200-day simple moving average is $122.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23.

Walmart (NASDAQ:WMT) last posted its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. During the same quarter last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. 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 expect that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of a number of analyst reports. TD Cowen reiterated a “buy” rating and issued a $150.00 price target (up from $145.00) on shares of Walmart in a report on Thursday, May 7th. BNP Paribas Exane dropped their price target on shares of Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. BTIG Research reissued a “buy” rating and set a $145.00 target price on shares of Walmart in a research note on Wednesday, June 3rd. Tigress Financial restated a “buy” rating and set a $155.00 price target (up from $150.00) on shares of Walmart in a research report on Friday, May 29th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus 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.