Blue Jean Financial LLC Takes Position in Walmart Inc. $WMT

Key Points

• Blue Jean Financial LLC initiated a new position in Walmart during the fourth quarter, buying 13,407 shares valued at about $1.49 million.
• Wall Street sentiment remains broadly positive: Walmart has a Moderate Buy consensus rating, with 31 Buy ratings and an average price target of $138.85.
• Walmart reported strong quarterly results, posting $177.75 billion in revenue and EPS of $0.66 in line with estimates, while revenue rose 7.4% year over year.

Blue Jean Financial LLC acquired a new stake in shares of Walmart Inc. (NASDAQ:WMT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,407 shares of the retailer's stock, valued at approximately $1,494,000.

Other institutional investors have also recently modified their holdings of the company. Entrust Financial LLC bought a new position in shares of Walmart during the 4th quarter valued at about $27,000. Beacon Financial Strategies CORP bought a new position in shares of Walmart during the 4th quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Walmart during the 3rd quarter valued at about $30,000. Bay Harbor Wealth Management LLC grew its position in Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock worth $32,000 after acquiring an additional 105 shares during the last quarter. Finally, Clayton Financial Group LLC grew its position in Walmart by 193.0% during the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer's stock worth $33,000 after acquiring an additional 193 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. TD Cowen restated a "buy" rating and set a $150.00 price target (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Royal Bank Of Canada restated an "outperform" rating and set a $137.00 price target (down from $140.00) on shares of Walmart in a research report on Friday, May 22nd. Tigress Financial restated a "buy" rating and set a $155.00 price target (up from $150.00) on shares of Walmart in a research report on Friday, May 29th. Wolfe Research restated 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. Finally, Freedom Capital upgraded Walmart from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average target price of $138.85.

Walmart Trading Up 0.4%

NASDAQ WMT opened at $121.04 on Friday. Walmart Inc. has a fifty-two week low of $93.62 and a fifty-two 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 50 day simple moving average of $125.28 and a two-hundred day simple moving average of $121.66. The stock has a market cap of $963.25 billion, a P/E ratio of 42.47, a price-to-earnings-growth ratio of 4.52 and a beta of 0.59.

Walmart (NASDAQ:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting the consensus estimate 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 analysts' expectations of $174.84 billion. During the same quarter last year, the business posted $0.61 EPS. The business'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. On average, analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, EVP Latriece Watkins sold 11,000 shares of the stock in a transaction that occurred on 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 owned 120,203 shares in the company, valued at approximately $14,300,550.91. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David W. Guggina sold 11,978 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the sale, the executive vice president owned 125,067 shares of the company's stock, valued at approximately $14,985,527.94. This trade represents a 8.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 128,986 shares of company stock worth $15,927,908. Insiders own 0.09% of the company's stock.

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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