26,573 Walmart Inc. $WMT Shares Purchased by Parr Mcknight Wealth Management Group LLC

Key Points

• Parr Mcknight Wealth Management increased its Walmart stake by 75% in Q3, buying 26,573 shares and ending the quarter with 61,981 shares valued at about $6.44 million.
• Walmart beat quarterly expectations, posting earnings of $0.81 per share versus $0.74 expected and revenue of $187.94 billion, up 5.9% year over year. Analysts’ consensus rating was “Buy,” with an average price target of $132.41.
• Company insiders sold 268,222 shares worth about $31.6 million over 90 days; the disclosed executive sales were made under pre-arranged Rule 10b5-1 plans.

Parr Mcknight Wealth Management Group LLC lifted its position in Walmart Inc. (NASDAQ:WMT - Free Report) by 75.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,981 shares of the retailer's stock after purchasing an additional 26,573 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in Walmart were worth $6,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Montgomery Financial Services LLC purchased a new stake in shares of Walmart in the 2nd quarter worth $32,000. Turim 21 Investimentos Ltda. bought a new stake in shares of Walmart in the first quarter valued at about $37,000. Pingora Partners LLC bought a new stake in shares of Walmart in the second quarter valued at about $34,000. PMV Capital Advisers LLC bought a new stake in shares of Walmart in the second quarter valued at about $34,000. Finally, Evolution Wealth Management Inc. lifted its stake in Walmart by 44.3% in the first quarter. Evolution Wealth Management Inc. now owns 316 shares of the retailer's stock worth $39,000 after acquiring an additional 97 shares during the period. Institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel Danker sold 50,644 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $105.35, for a total value of $5,335,345.40. Following the completion of the sale, the executive vice president directly owned 201,672 shares in the company, valued at $21,246,145.20. This trade represents a 20.07% decrease in their ownership of the stock. The sale was disclosed in a legal 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $106.66, for a total transaction of $1,399,912.50. Following the completion of the sale, the chief executive officer owned 647,912 shares of the company's stock, valued at approximately $69,106,293.92. This trade represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 268,222 shares of company stock worth $31,604,051. 0.09% of the stock is owned by corporate insiders.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart may be positioned to beat its next earnings estimates, according to Zacks, which points to its history of earnings surprises and factors supporting another potential beat. Why Walmart is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Walmart’s expanded Sparky AI shopping assistant could support holiday sales by helping customers shop and potentially encouraging larger orders. Can Walmart’s Expanded Sparky AI Boost Holiday Shopping and Sales?
• Positive Sentiment: A report says Walmart’s e-commerce sales are growing faster than Amazon’s, suggesting its online business is gaining momentum. 1 Stat That Makes Walmart Hard to Ignore This November
• Neutral Sentiment: CTO Suresh Kumar sold 166,342 shares, and EVP Daniel Bartlett sold 3,346 shares. Both trades were made under pre-arranged Rule 10b5-1 plans; the sales may draw attention, but do not necessarily indicate a change in their views of the company. Kumar SEC filing Bartlett SEC filing
• Negative Sentiment: Bearish commentary highlights Walmart’s high valuation, with one article returning to a “strong sell” rating and another warning that the valuation may be stretched. Valuation concerns could weigh on sentiment even as the business outlook remains constructive. Walmart: Back To The Strong Sell Rating Walmart’s Defensive Reputation and Valuation

Walmart Price Performance

WMT opened at $124.86 on Wednesday. The business's 50-day moving average is $111.08 and its two-hundred day moving average is $118.46. Walmart Inc. has a 1 year low of $98.88 and a 1 year high of $135.15. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23. The firm has a market capitalization of $990.61 billion, a PE ratio of 45.08, a price-to-earnings-growth ratio of 4.61 and a beta of 0.53.

Walmart (NASDAQ:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $187.94 billion during the quarter, compared to analyst estimates of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Research analysts anticipate that Walmart Inc. will post 2.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Robert W. Baird dropped their target price on shares of Walmart from $140.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, August 21st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $126.00 price target on shares of Walmart in a research report on Friday, August 21st. Jefferies Financial Group reiterated a "buy" rating and set a $120.00 price objective on shares of Walmart in a research note on Friday, August 21st. Wells Fargo & Company cut their price objective on shares of Walmart from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. Finally, DA Davidson reissued a "buy" rating and issued a $132.00 price objective on shares of Walmart in a research note on Thursday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $132.41.

Walmart Profile

Walmart Inc NASDAQ: WMT operates a global retail business through a network of supercenters, supermarkets, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its stores and websites sell a broad assortment of merchandise, including groceries, consumables, health and wellness products, apparel, electronics, home goods, toys and other general merchandise.

The company organizes its operations into Walmart U.S., Walmart International and Sam's Club U.S. Walmart U.S.

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