Elevation Point Wealth Partners LLC Grows Holdings in Walmart Inc. $WMT

Key Points

• Elevation Point Wealth Partners sharply increased its Walmart position by 321.8% in the first quarter, adding 142,206 shares to bring its total stake to 186,399 shares valued at about $23.2 million.
• Wall Street remains broadly positive on Walmart, with most analysts issuing buy-equivalent ratings and an average price target of $138.85, above the stock’s recent trading level.
• Walmart’s latest quarter showed solid performance, with $0.66 EPS matching estimates and revenue of $177.75 billion topping expectations, while revenue rose 7.4% year over year.

Elevation Point Wealth Partners LLC lifted its stake in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 321.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,399 shares of the retailer's stock after buying an additional 142,206 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Walmart were worth $23,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Entrust Financial LLC bought a new stake in shares of Walmart in the 4th quarter worth about $27,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Walmart during the first quarter worth about $29,000. Beacon Financial Strategies CORP bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Bay Harbor Wealth Management LLC grew its stake in Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock worth $32,000 after purchasing an additional 105 shares in the last quarter. Finally, Clayton Financial Group LLC grew its stake in Walmart by 193.0% in the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer's stock worth $33,000 after purchasing an additional 193 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WMT shares. BNP Paribas Exane cut their price objective on Walmart from $147.00 to $146.00 and set an "outperform" rating on the stock in a research note on Friday, May 22nd. TD Cowen reiterated a "buy" rating and issued a $150.00 target price (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Freedom Capital upgraded Walmart from a "strong sell" rating to a "hold" rating in a report on Thursday, May 21st. UBS Group set a $141.00 price target on Walmart and gave the company a "buy" rating in a research report on Friday, May 22nd. Finally, KeyCorp restated an "overweight" rating on shares of Walmart in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $138.85.

Walmart News Summary

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart is being viewed as a defensive winner in a cautious consumer environment, with commentary pointing to resilient grocery spending, strong omnichannel execution, and growth in advertising and membership revenue as reasons the stock could grind higher. Article Title
• Positive Sentiment: Analysts remain broadly constructive on Walmart, and new commentary highlighted strong interest in the company’s Google AI partnership for “agentic shopping,” which could support future digital commerce growth and ecosystem monetization. Article Title
• Positive Sentiment: Unusual options activity showed bullish positioning, with traders buying far more WMT call options than usual, suggesting some investors are betting on a rebound. Article Title
• Neutral Sentiment: Wall Street continues to rate Walmart favorably overall, with several firms reiterating buy-equivalent ratings and an average price target above current levels, though not enough to fully offset recent valuation concerns.
• Negative Sentiment: Investor concern remains over slowing U.S. comparable sales and the company’s reliance on price cuts and tariff refunds to manage inventory, which could pressure margins if the trend continues. Article Title
• Negative Sentiment: Walmart EVP Daniel J. Bartlett sold 3,775 shares in a pre-arranged 10b5-1 transaction, a routine filing but still a small negative sentiment item for traders. Article Title

Walmart Stock Performance

Shares of NASDAQ:WMT opened at $111.84 on Friday. The company has a market cap of $890.03 billion, a PE ratio of 39.24, a P/E/G ratio of 4.17 and a beta of 0.60. The company's 50-day moving average price is $122.15 and its 200 day moving average price is $122.07. Walmart Inc. has a fifty-two week low of $94.23 and a fifty-two week high of $135.15. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT - Get Free Report) last posted its earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $177.75 billion during the quarter, compared to analysts' expectations of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. Walmart's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, Director C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.63, for a total value of $2,303,320.08. Following the sale, the director owned 4,174,579 shares of the company's stock, valued at approximately $495,230,306.77. The trade was a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $124.84, for a total transaction of $1,638,525.00. Following the completion of the sale, the chief executive officer owned 674,162 shares in the company, valued at approximately $84,162,384.08. This trade represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 104,505 shares of company stock valued at $12,858,514. 0.09% of the stock is currently owned by company insiders.

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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