ICONIQ Capital LLC Lowers Position in Walmart Inc. $WMT

Key Points

• ICONIQ Capital cut its stake in Walmart by 86.3% in Q3, selling 17,365 shares and retaining 2,761 shares worth about $285,000 per its latest 13F filing.
• Company insiders have been net sellers: EVP Latriece Watkins sold 10,000 shares at $121.46 and CEO John R. Furner sold 13,125 shares at $129.10, with insiders selling 278,278 shares (~$34M) over the past 90 days and insider ownership at ~0.10%.
• Walmart beat quarterly revenue and EPS with eCommerce growth of ~24%, drawing mostly positive analyst coverage and a ~$135.76 average target, but the stock’s high ~46x P/E and geopolitical/execution risks could weigh on valuation.

ICONIQ Capital LLC cut its stake in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 86.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,761 shares of the retailer's stock after selling 17,365 shares during the period. ICONIQ Capital LLC's holdings in Walmart were worth $285,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Collier Financial purchased a new stake in shares of Walmart in the third quarter valued at about $25,000. Your Advocates Ltd. LLP purchased a new position in Walmart during the third quarter worth about $28,000. Redmont Wealth Advisors LLC purchased a new position in Walmart during the third quarter worth about $30,000. Roble Belko & Company Inc grew its position in Walmart by 212.6% in the 3rd quarter. Roble Belko & Company Inc now owns 322 shares of the retailer's stock worth $33,000 after purchasing an additional 219 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Walmart in the 3rd quarter worth about $39,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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

Insider Transactions at Walmart

In other news, EVP Latriece Watkins sold 10,000 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $121.46, for a total transaction of $1,214,600.00. Following the transaction, the executive vice president owned 108,294 shares of the company's stock, valued at $13,153,389.24. This represents a 8.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $129.10, for a total value of $1,694,437.50. Following the transaction, the chief executive officer owned 591,084 shares of the company's stock, valued at $76,308,944.40. The trade was a 2.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 278,278 shares of company stock valued at $33,974,118. 0.10% of the stock is currently owned by insiders.

Walmart Stock Up 0.9%

Walmart stock opened at $126.52 on Monday. The firm has a 50 day moving average price of $123.16 and a 200-day moving average price of $112.06. The company has a quick ratio of 0.24, a current ratio of 0.79 and a debt-to-equity ratio of 0.38. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $134.69. The company has a market capitalization of $1.01 trillion, a P/E ratio of 46.18, a P/E/G ratio of 4.71 and a beta of 0.66.

Walmart (NASDAQ:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The retailer reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The company had revenue of $190.66 billion for the quarter, compared to analysts' expectations of $188.37 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. Walmart's revenue was up 5.6% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 11th will be paid a $0.2475 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.99 annualized dividend and a dividend yield of 0.8%. Walmart's payout ratio is presently 34.31%.

Analysts Set New Price Targets

Several equities analysts have commented on WMT shares. DA Davidson set a $150.00 target price on shares of Walmart and gave the stock a "buy" rating in a research report on Friday, February 20th. Bank of America began coverage on Walmart in a report on Friday, February 27th. They issued a "buy" rating and a $150.00 target price for the company. Mizuho increased their price target on Walmart from $125.00 to $137.00 and gave the company an "outperform" rating in a research report on Monday, February 9th. Argus upgraded Walmart to a "strong-buy" rating in a report on Wednesday, February 18th. Finally, BTIG Research reissued a "buy" rating and issued a $140.00 price objective on shares of Walmart in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $135.76.

About Walmart

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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