High Net Worth Advisory Group LLC Increases Stake in Walmart Inc. $WMT

Key Points

• High Net Worth Advisory Group LLC increased its stake in Walmart Inc. by 12.8%, owning a total of 25,154 shares valued at approximately $2.46 million.
• Several other institutional investors, such as Bedel Financial Consulting Inc. and Scott & Selber Inc., also raised their positions in Walmart in the previous quarter, highlighting growing interest from hedge funds.
• Walmart reported earnings of $0.68 per share for the last quarter, missing analysts' expectations, with revenue of $169.34 billion, which was below the consensus estimate of $174.02 billion.

High Net Worth Advisory Group LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 12.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,154 shares of the retailer's stock after buying an additional 2,861 shares during the period. High Net Worth Advisory Group LLC's holdings in Walmart were worth $2,460,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Brighton Jones LLC boosted its holdings in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE raised its position in shares of Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after purchasing an additional 1,720 shares during the period. Two Sigma Advisers LP raised its position in shares of Walmart by 34.9% during the fourth quarter. Two Sigma Advisers LP now owns 66,900 shares of the retailer's stock worth $6,044,000 after purchasing an additional 17,300 shares during the period. Finally, Woodline Partners LP acquired a new position in shares of Walmart during the fourth quarter worth approximately $23,552,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WMT shares. Guggenheim reaffirmed a "buy" rating and set a $115.00 target price (up from $112.00) on shares of Walmart in a research report on Monday, August 18th. Tigress Financial upped their target price on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $106.00 target price on shares of Walmart in a research report on Friday, August 22nd. Evercore ISI reaffirmed an "outperform" rating and set a $110.00 target price (up from $108.00) on shares of Walmart in a research report on Monday, August 18th. Finally, Bank of America increased their price target on Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $112.03.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the transaction, the chief executive officer owned 4,412,398 shares in the company, valued at $421,737,000.84. This trade represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the transaction, the executive vice president owned 626,118 shares of the company's stock, valued at approximately $61,547,399.40. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,107 shares of company stock worth $13,183,727 in the last three months. Corporate insiders own 0.10% of the company's stock.

Walmart Stock Performance

Shares of WMT stock traded down $1.20 on Friday, hitting $102.40. 34,721,159 shares of the stock were exchanged, compared to its average volume of 18,962,293. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $816.42 billion, a PE ratio of 38.50, a P/E/G ratio of 5.01 and a beta of 0.65. Walmart Inc. has a one year low of $78.11 and a one year high of $106.11. The firm's 50 day moving average is $99.24 and its two-hundred day moving average is $95.58.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.