Aprio Wealth Management LLC Increases Stock Holdings in Walmart Inc. $WMT

Key Points

• Aprio Wealth Management LLC raised its stake in Walmart by 72.3% in Q4 to 32,984 shares, adding 13,837 shares for a position valued at about $3.675 million.
• Company insiders have been active sellers recently — including CEO John R. Furner and EVP Donna Morris — with insiders selling 263,376 shares (~$32.85 million) over the past three months, leaving insiders with roughly 0.10% ownership.
• Walmart marginally beat Q4 EPS expectations ($0.74 vs. $0.73) with revenue up 5.6% year‑over‑year, set FY2027 EPS guidance of 2.75–2.85, and retains a consensus Buy from analysts with an average target near $137.79.

Aprio Wealth Management LLC increased its holdings in Walmart Inc. (NASDAQ:WMT - Free Report) by 72.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,984 shares of the retailer's stock after acquiring an additional 13,837 shares during the quarter. Aprio Wealth Management LLC's holdings in Walmart were worth $3,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Midwest Capital Advisors LLC purchased a new stake in Walmart in the fourth quarter worth $101,000. D.A. Davidson & CO. lifted its stake in Walmart by 0.8% in the fourth quarter. D.A. Davidson & CO. now owns 449,185 shares of the retailer's stock worth $50,044,000 after acquiring an additional 3,547 shares during the period. Retirement Solution LLC purchased a new stake in Walmart in the fourth quarter worth $237,000. Kestra Private Wealth Services LLC lifted its stake in Walmart by 1.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 439,946 shares of the retailer's stock worth $49,014,000 after acquiring an additional 7,966 shares during the period. Finally, Pictet Asset Management Holding SA lifted its stake in Walmart by 1.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,231,727 shares of the retailer's stock worth $248,647,000 after acquiring an additional 33,195 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity

In other news, CEO John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $121.96, for a total transaction of $1,600,725.00. Following the completion of the transaction, the chief executive officer directly owned 687,287 shares in the company, valued at $83,821,522.52. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donna Morris sold 76,181 shares of the firm's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $123.79, for a total value of $9,430,445.99. Following the transaction, the executive vice president owned 402,072 shares of the company's stock, valued at $49,772,492.88. The trade was a 15.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 263,376 shares of company stock valued at $32,851,650. 0.10% of the stock is currently owned by insiders.

Walmart Price Performance

WMT opened at $127.59 on Wednesday. The stock has a fifty day simple moving average of $125.43 and a two-hundred day simple moving average of $117.39. The company has a current ratio of 0.79, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.02 trillion, a price-to-earnings ratio of 46.57, a price-to-earnings-growth ratio of 4.75 and a beta of 0.66. Walmart Inc. has a 12-month low of $91.89 and a 12-month high of $134.69.

Walmart (NASDAQ:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The retailer reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The firm had revenue of $190.66 billion during the quarter, compared to the consensus estimate of $188.37 billion. During the same period last year, the company earned $0.66 earnings per share. The company's revenue was up 5.6% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. Research analysts predict that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be issued a dividend of $0.2475 per share. The ex-dividend date is Friday, December 11th. This represents a $0.99 annualized dividend and a dividend yield of 0.8%. Walmart's dividend payout ratio (DPR) is presently 36.13%.

Walmart News Summary

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart is overhauling store leadership roles by eliminating the store lead title and converting those employees into manager/coach roles with a pathway to much higher pay (reports highlight potential salaries up to $400K). Management says this is aimed at boosting store execution and retention — a potential long‑term benefit to sales and customer experience, though it could raise payroll costs in some markets. Walmart is changing its roadmap to $400K store managerial role
• Positive Sentiment: Walmart Connect expanded its CTV/streaming ad capabilities with a curated marketplace (Connect Select) and more partner integrations, making it easier for mid‑sized advertisers to buy streaming inventory — this supports faster growth in higher‑margin advertising revenue. Walmart Simplifies Streaming Ads for Mid-Sized Business
• Positive Sentiment: Analysts note Walmart’s earnings mix is diversifying: Q4 profits benefited from ads, memberships and e‑commerce gains, which can strengthen resilience vs. pure retail sales — a positive structural shift for margins and recurring revenue. Walmart Builds Diversified Profit Streams: Is Resilience Strengthening?
• Positive Sentiment: Walmart added the NBPure MagO7 60‑count product to store shelves, expanding health & wellness assortment and incremental category sales — a small but positive merchandising win. NBPure Launches Exclusive MagO7 60-Count at Walmart
• Neutral Sentiment: Walmart appears on retail and social lists as a top dividend/quality stock (Reddit/financial blogs)—positive PR but not a material operational driver. Is Walmart (WMT) One of the Best Quality Dividend Stocks to Buy According to Reddit?
• Negative Sentiment: Shares have pulled back recently (reported decline on the latest close), suggesting investors are weighing the company’s valuation (elevated P/E and PEG relative to historical averages) and near‑term margin risk from any higher labor costs or softer traffic. Walmart (WMT) Stock Drops Despite Market Gains: Important Facts to Note

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. BTIG Research reiterated a "buy" rating and issued a $140.00 price objective on shares of Walmart in a report on Friday, February 20th. Citigroup reiterated a "buy" rating and issued a $147.00 price objective (up from $120.00) on shares of Walmart in a report on Thursday, February 5th. Telsey Advisory Group increased their price objective on Walmart from $135.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. The Goldman Sachs Group reiterated a "buy" rating and issued a $138.00 price objective on shares of Walmart in a report on Friday, February 20th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $135.00 price objective on shares of Walmart in a report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $137.79.

Walmart Company 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.

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