Brevan Howard Capital Management LP Sells 204,267 Shares of Walmart Inc. $WMT

Key Points

• Brevan Howard Capital Management LP cut its Walmart stake by 68.7%, selling 204,267 shares and leaving the firm with 93,268 shares valued at about $9.61 million.
• Insider selling has been notable — CEO C Douglas Mcmillon sold 19,416 shares and EVP John D. Rainey sold 20,000, with insiders offloading 279,703 shares (~$34.14 million) in the last 90 days.
• Operational and valuation snapshot: Walmart slightly beat quarterly EPS and revenue (EPS $0.74 vs $0.73; revenue $190.66B), reported ~24% eCommerce growth, set FY2027 guidance of $2.75–$2.85 EPS, and trades at a high multiple (~46x P/E).

Brevan Howard Capital Management LP cut its stake in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 68.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,268 shares of the retailer's stock after selling 204,267 shares during the quarter. Brevan Howard Capital Management LP's holdings in Walmart were worth $9,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Revolve Wealth Partners LLC grew its stake in Walmart by 1.0% in the third quarter. Revolve Wealth Partners LLC now owns 9,926 shares of the retailer's stock worth $1,023,000 after purchasing an additional 96 shares in the last quarter. Meridian Wealth Partners LLC increased its holdings in Walmart by 2.1% during the 2nd quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer's stock worth $470,000 after purchasing an additional 99 shares during the period. Hemington Wealth Management raised its position in Walmart by 1.8% during the 3rd quarter. Hemington Wealth Management now owns 5,695 shares of the retailer's stock valued at $586,000 after purchasing an additional 99 shares in the last quarter. Boomfish Wealth Group LLC lifted its holdings in shares of Walmart by 2.7% in the 3rd quarter. Boomfish Wealth Group LLC now owns 3,701 shares of the retailer's stock worth $381,000 after buying an additional 99 shares during the period. Finally, Bailard Inc. lifted its holdings in shares of Walmart by 0.3% in the 3rd quarter. Bailard Inc. now owns 29,445 shares of the retailer's stock worth $3,035,000 after buying an additional 99 shares during the period. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Friday, December 26th. The stock was sold at an average price of $111.83, for a total transaction of $2,171,291.28. Following the completion of the sale, the chief executive officer owned 4,315,333 shares in the company, valued at approximately $482,583,689.39. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 20,000 shares of the business's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $122.27, for a total value of $2,445,400.00. Following the transaction, the executive vice president owned 506,764 shares in the company, valued at approximately $61,962,034.28. This trade represents a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 279,703 shares of company stock valued at $34,140,843. Corporate insiders own 0.10% of the company's stock.

Walmart Stock Performance

Shares of Walmart stock opened at $126.52 on Friday. The company has a market capitalization of $1.01 trillion, a PE ratio of 46.18, a P/E/G ratio of 4.71 and a beta of 0.66. The company has a 50-day simple moving average of $123.16 and a two-hundred day simple moving average of $111.95. Walmart Inc. has a one year low of $79.81 and a one year high of $134.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.24 and a current ratio of 0.79.

Walmart (NASDAQ:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $190.66 billion for the quarter, compared to the consensus estimate of $188.37 billion. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. 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 expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Analysts Set New Price Targets

WMT has been the topic of several research reports. Piper Sandler restated an "overweight" rating on shares of Walmart in a research note on Tuesday, February 24th. Guggenheim reaffirmed a "buy" rating and issued a $120.00 price objective (up from $115.00) on shares of Walmart in a research note on Friday, November 21st. HSBC cut shares of Walmart from a "buy" rating to a "hold" rating and increased their target price for the stock from $122.00 to $131.00 in a report on Friday, February 20th. Raymond James Financial reaffirmed an "outperform" rating and issued a $135.00 price target on shares of Walmart in a research report on Friday, March 6th. Finally, Deutsche Bank Aktiengesellschaft set a $120.00 price objective on shares of Walmart in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart reported continued digital strength: eCommerce grew ~24% in the fiscal fourth quarter, reinforcing its omnichannel momentum and supporting revenue beat and modest upside to guidance — a clear near-term growth driver. Walmart eCommerce Up 24: Can Digital Momentum Continue?
• Positive Sentiment: Analysts and portfolio shops remain constructive: Tigress Financial reiterated a Buy and raised its price target to $150, citing Walmart’s shift toward tech-driven omnichannel operations — a signal of upward analyst sentiment. Tigress Financial Sees Walmart Inc. (WMT) as Tech-Driven Retail Leader
• Positive Sentiment: Flipkart IPO progress (Walmart-backed) remains a potential longer-term upside — an equity event that could unlock value and generate cash/strategic optionality. Walmart-backed Flipkart preps for an IPO as early as this year
• Neutral Sentiment: Schaeffer’s options commentary flagged bullish setups and the possibility of further record highs for WMT — useful for options traders but not a broad fundamental catalyst. Walmart Stock Could Nab More Record Highs
• Neutral Sentiment: Analysis pieces (The Motley Fool) flag that Walmart’s digital push could pay off if fulfillment economics and ROIC improve; it’s strategic upside but execution-dependent. Will Walmart's Digital Push Pay Off in 2026?
• Neutral Sentiment: Walmart is referenced in pieces about stock splits and retail-focused ETFs — background thematic support but not an immediate catalyst. 3 ETFs That Could Benefit as Consumers Tighten Their Budgets (WMT)
• Negative Sentiment: Geopolitical risk: coverage notes the Iran war and possible Strait of Hormuz disruptions could push supply-chain costs and retail prices higher — a margin and inflation risk for Walmart. How the Iran war could start to impact U.S. retail prices
• Negative Sentiment: Valuation and sentiment pressure: commentary (247WallStreet) highlights retail investor criticism of WMT’s ~46x multiple and recent bearish social sentiment, raising the risk of multiple compression if growth disappoints. Reddit’s Loudest Walmart Critics Have a Point About That 46x Multiple

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.

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