HB Wealth Management LLC Has $54.40 Million Stake in Walmart Inc. $WMT

Key Points

• HB Wealth Management boosted its Walmart stake by 2.5% in the first quarter, ending with 437,733 shares valued at about $54.4 million.
• Large institutional investors such as Vanguard, State Street, Geode Capital, and Norges Bank also increased or initiated positions, and institutions now own 26.76% of Walmart shares.
• Walmart reported Q1 earnings of $0.66 per share, matching estimates, while revenue of $177.75 billion topped forecasts and rose 7.4% year over year; analysts still view the stock favorably with a Moderate Buy rating and a consensus target of $138.85.

HB Wealth Management LLC lifted its holdings in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 437,733 shares of the retailer's stock after purchasing an additional 10,830 shares during the period. HB Wealth Management LLC's holdings in Walmart were worth $54,402,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WMT. Vanguard Group Inc. lifted its position in shares of Walmart by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer's stock worth $49,015,626,000 after purchasing an additional 4,304,436 shares in the last quarter. State Street Corp increased its holdings in shares of Walmart by 1.2% in the third quarter. State Street Corp now owns 184,805,978 shares of the retailer's stock valued at $19,046,104,000 after purchasing an additional 2,242,364 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Walmart by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer's stock valued at $11,426,753,000 after purchasing an additional 6,517,394 shares in the last quarter. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $6,458,529,000. Finally, Fisher Asset Management LLC raised its position in Walmart by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer's stock worth $4,526,238,000 after purchasing an additional 328,229 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other news, EVP David W. Guggina sold 11,978 shares of the business's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the transaction, the executive vice president owned 125,067 shares of the company's stock, valued at $14,985,527.94. The trade was a 8.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel J. Bartlett sold 3,775 shares of the company's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $109.64, for a total transaction of $413,891.00. Following the completion of the sale, the executive vice president owned 630,009 shares of the company's stock, valued at approximately $69,074,186.76. This represents a 0.60% decrease in their position. 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 quarter, insiders sold 104,505 shares of company stock valued at $12,858,514. 0.09% of the stock is owned by corporate insiders.

Walmart Price Performance

WMT opened at $111.84 on Monday. The company has a fifty day moving average price of $122.15 and a two-hundred day moving average price of $122.11. The firm has a market capitalization of $890.03 billion, a PE ratio of 39.24, a P/E/G ratio of 4.17 and a beta of 0.60. Walmart Inc. has a 52 week low of $94.23 and a 52 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.

Walmart (NASDAQ:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting analysts' consensus estimates of $0.66. The company had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. As a group, analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on WMT shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, June 8th. Evercore restated an "outperform" rating on shares of Walmart in a research report on Monday, May 18th. Piper Sandler reaffirmed an "overweight" rating on shares of Walmart in a research note on Monday, June 8th. Freedom Capital upgraded Walmart from a "strong sell" rating to a "hold" rating in a report on Thursday, May 21st. Finally, KeyCorp reiterated an "overweight" rating on shares of Walmart in a research report on Friday, May 22nd. One 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.85.

More Walmart News

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 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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