Border to Coast Pensions Partnership Ltd Sells 119,538 Shares of Walmart Inc. $WMT

Border to Coast Pensions Partnership Ltd decreased its position in shares of Walmart Inc. (NASDAQ:WMT) by 15.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 631,922 shares of the retailer’s stock after selling 119,538 shares during the period. Walmart comprises about 1.3% of Border to Coast Pensions Partnership Ltd’s investment portfolio, making the stock its 17th largest holding. Border to Coast Pensions Partnership Ltd’s holdings in Walmart were worth $78,776,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Realta Investment Advisors increased its holdings in Walmart by 2.0% during the 1st quarter. Realta Investment Advisors now owns 4,089 shares of the retailer’s stock valued at $508,000 after purchasing an additional 81 shares in the last quarter. Renaissance Group LLC boosted its stake in Walmart by 0.9% in the fourth quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock worth $1,074,000 after purchasing an additional 83 shares in the last quarter. Calton & Associates Inc. boosted its stake in Walmart by 0.3% in the fourth quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock worth $3,033,000 after purchasing an additional 84 shares in 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 purchasing an additional 84 shares during the last quarter. Finally, 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 purchasing an additional 87 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WMT. BMO Capital Markets restated an “outperform” rating on shares of Walmart in a research note on Friday, May 22nd. Wolfe Research reiterated an “outperform” rating and set a $137.00 price target (up from $135.00) on shares of Walmart in a research report on Monday, May 11th. Morgan Stanley increased their price objective on shares of Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Freedom Capital upgraded shares of Walmart from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a research note on Monday, April 20th. 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 stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $138.85.

Insider Activity at Walmart

In related news, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $123.92, for a total value of $359,368.00. Following the sale, the executive vice president directly owned 577,853 shares in the company, valued at $71,607,543.76. This trade represents a 0.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of Walmart 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 transaction, the executive vice president directly owned 120,203 shares in the company, valued at $14,300,550.91. The trade was a 8.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 100,730 shares of company stock worth $12,444,624. 0.09% of the stock is owned by company insiders.

Walmart Stock Down 0.9%

NASDAQ:WMT opened at $114.60 on Tuesday. Walmart Inc. has a 12-month low of $94.23 and a 12-month high of $135.15. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $912.00 billion, a P/E ratio of 40.21, a P/E/G ratio of 4.31 and a beta of 0.60. The stock’s fifty day simple moving average is $123.54 and its 200-day simple moving average is $122.22.

Walmart (NASDAQ:WMT) last released 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 during the quarter, compared to the consensus estimate of $174.84 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The firm’s 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. Equities research analysts expect that Walmart Inc. will post 2.89 earnings per share for the current year.

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.