Walmart Inc. $WMT Shares Bought by Andra AP fonden

Andra AP fonden increased its stake in Walmart Inc. (NASDAQ:WMT) by 120.9% in the 1st quarter, HoldingsChannel reports. The fund owned 699,040 shares of the retailer’s stock after acquiring an additional 382,540 shares during the period. Walmart accounts for approximately 1.1% of Andra AP fonden’s holdings, making the stock its 12th largest holding. Andra AP fonden’s holdings in Walmart were worth $86,877,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Entrust Financial LLC acquired a new stake in Walmart in the fourth quarter worth approximately $27,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Walmart during the 1st quarter valued at $29,000. Beacon Financial Strategies CORP bought a new stake in shares of Walmart in the 4th quarter worth $30,000. Bay Harbor Wealth Management LLC raised its stake in shares of Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after buying an additional 105 shares in the last quarter. Finally, Clayton Financial Group LLC lifted its holdings in shares of Walmart by 193.0% in the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WMT shares. Piper Sandler reaffirmed an “overweight” rating on shares of Walmart in a report on Monday, June 8th. Truist Financial set a $140.00 price target on shares of Walmart in a report on Thursday, May 21st. Tigress Financial reaffirmed 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. KeyCorp reiterated an “overweight” rating on shares of Walmart in a report on Friday, May 22nd. Finally, Guggenheim increased their target price on shares of Walmart from $120.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $138.85.

Walmart Stock Performance

WMT stock opened at $112.20 on Tuesday. Walmart Inc. has a 52 week low of $95.10 and a 52 week high of $135.15. 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 stock has a market cap of $892.90 billion, a P/E ratio of 39.37, a P/E/G ratio of 4.26 and a beta of 0.60. The firm has a 50 day simple moving average of $118.51 and a 200 day simple moving average of $122.11.

Walmart (NASDAQ:WMT) last released its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share 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 business had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. During the same quarter last year, the firm earned $0.61 EPS. Walmart’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. Research analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 3,775 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total transaction of $413,891.00. Following the transaction, the executive vice president directly owned 630,009 shares in the company, valued at $69,074,186.76. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.97, for a total value of $1,308,670.00. Following the completion of the sale, the executive vice president directly owned 120,203 shares of the company’s stock, valued at $14,300,550.91. This represents a 8.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 87,145 shares of company stock valued at $10,691,920. Corporate insiders own 0.09% of the company’s stock.

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.