Green Ridge Wealth Planning LLC Invests $501,000 in Walmart Inc. $WMT

Green Ridge Wealth Planning LLC purchased a new position in Walmart Inc. (NASDAQ:WMT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,496 shares of the retailer’s stock, valued at approximately $501,000.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its position in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after purchasing an additional 485 shares during the period. Peterson Wealth Management lifted its stake in shares of Walmart by 3.5% during the 1st quarter. Peterson Wealth Management now owns 50,307 shares of the retailer’s stock valued at $4,416,000 after buying an additional 1,715 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Walmart by 0.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,008 shares of the retailer’s stock valued at $1,272,000 after buying an additional 116 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in Walmart by 1.2% in the 2nd quarter. Schnieders Capital Management LLC. now owns 91,341 shares of the retailer’s stock worth $8,931,000 after buying an additional 1,048 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of analyst reports. BNP Paribas Exane lowered their target price on shares of Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Wolfe Research reaffirmed an “outperform” rating and issued a $137.00 price target (up from $135.00) on shares of Walmart in a report on Monday, May 11th. Erste Group Bank cut Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Piper Sandler reiterated an “overweight” rating on shares of Walmart in a research note on Monday, June 8th. Finally, Freedom Capital raised Walmart from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.85.

Walmart Stock Performance

Shares of WMT stock opened at $117.18 on Monday. The company has a market capitalization of $932.53 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 4.37 and a beta of 0.60. Walmart Inc. has a 52-week low of $94.23 and a 52-week high of $135.15. The business’s fifty day moving average is $124.61 and its 200 day moving average is $122.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77.

Walmart (NASDAQ:WMT) last announced its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $177.75 billion for 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 company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $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 research analysts anticipate that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Insiders Place Their Bets

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 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 $495,230,306.77. The trade was a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of the stock in a transaction 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 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. Insiders sold a total of 117,246 shares of company stock valued at $14,493,147 over the last three months. Corporate insiders own 0.09% of the company’s stock.

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.