Adams Diversified Equity Fund Inc. Sells 46,200 Shares of Walmart Inc. $WMT

Adams Diversified Equity Fund Inc. lessened its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 13.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 301,443 shares of the retailer’s stock after selling 46,200 shares during the quarter. Walmart makes up 1.3% of Adams Diversified Equity Fund Inc.’s portfolio, making the stock its 17th biggest position. Adams Diversified Equity Fund Inc.’s holdings in Walmart were worth $37,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vise Technologies Inc. grew its position in 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 during the last quarter. Van ECK Associates Corp lifted its position in shares of Walmart by 2.9% during the third quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer’s stock worth $104,182,000 after purchasing an additional 28,026 shares during the last quarter. Life Cycle Investment Partners Ltd purchased a new stake in shares of Walmart during the fourth quarter valued at $40,855,000. Vantus Wealth LLC purchased a new stake in shares of Walmart during the fourth quarter valued at $1,087,000. Finally, Winning Points Advisors LLC bought a new position in shares of Walmart in the fourth quarter worth about $1,761,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, Director C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the sale, 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 Securities & Exchange Commission, which is available at 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 company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 125,067 shares in the company, valued at $14,985,527.94. The trade was a 8.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 100,730 shares of company stock worth $12,444,624 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $114.60 on Tuesday. Walmart Inc. has a one year low of $94.23 and a one year high of $135.15. The firm has a market cap of $912.00 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 4.31 and a beta of 0.60. 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 50-day simple moving average of $123.54 and a two-hundred day simple moving average of $122.22.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $177.75 billion during the quarter, compared to analyst estimates of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore restated an “outperform” rating on shares of Walmart in a research note on Monday, May 18th. Piper Sandler reaffirmed an “overweight” rating on shares of Walmart in a research note on Monday, June 8th. 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. Tigress Financial reissued a “buy” rating and issued a $155.00 price objective (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. Finally, Raymond James Financial restated an “outperform” rating and set a $135.00 price objective on shares of Walmart in a report on Friday, March 6th. One investment 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 company. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price 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.