Keb Asset Management LLC Has $15.70 Million Position in Walmart Inc. $WMT

Key Points

• Keb Asset Management trimmed its Walmart stake by 6.2% in Q4 to 140,895 shares worth $15.70 million, making WMT its ninth-largest holding (3.2% of the fund).
• Walmart beat Q4 estimates (EPS $0.74 vs. $0.73; revenue $190.66B vs. $188.37B), issued FY2027 EPS guidance of 2.75–2.85, and carries a consensus analyst rating of "Moderate Buy" with an average target of $135.76.
• Positive operational momentum includes a ~37% surge in the ad business, but investors should note recent insider selling (about $33.6M of shares sold last quarter) and a plaintiffs’ probe into alleged deceptive pay practices for Spark drivers as potential governance/legal risks.

Keb Asset Management LLC reduced its holdings in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,895 shares of the retailer's stock after selling 9,286 shares during the period. Walmart comprises 3.2% of Keb Asset Management LLC's portfolio, making the stock its 9th largest holding. Keb Asset Management LLC's holdings in Walmart were worth $15,697,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Walmart in the 2nd quarter worth $5,367,770,000. Laurel Wealth Advisors LLC raised its holdings in Walmart by 9,648.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer's stock worth $1,123,138,000 after purchasing an additional 11,368,549 shares during the period. AQR Capital Management LLC lifted its position in Walmart by 188.1% during the third quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer's stock valued at $1,199,907,000 after purchasing an additional 7,614,172 shares in the last quarter. Amundi grew its holdings in Walmart by 20.5% during the third quarter. Amundi now owns 23,497,921 shares of the retailer's stock valued at $2,413,236,000 after purchasing an additional 4,004,277 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Walmart by 0.9% during the third quarter. Vanguard Group Inc. now owns 435,652,710 shares of the retailer's stock valued at $44,898,368,000 after purchasing an additional 3,835,200 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

NASDAQ:WMT opened at $122.05 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $134.69. The stock has a 50-day moving average price of $124.17 and a 200 day moving average price of $113.24. The stock has a market capitalization of $973.03 billion, a P/E ratio of 44.54, a P/E/G ratio of 4.50 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 return on equity of 21.44% and a net margin of 3.07%.The company had revenue of $190.66 billion for the quarter, compared to analysts' expectations of $188.37 billion. During the same period in the previous year, the firm earned $0.66 EPS. The firm's revenue was up 5.6% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. Equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Craig Hallum set a $150.00 price objective on Walmart in a research note on Friday, March 6th. Rothschild & Co Redburn set a $150.00 price objective on Walmart in a research note on Tuesday, February 17th. Bank of America initiated coverage on shares of Walmart in a report on Friday, February 27th. They issued a "buy" rating and a $150.00 target price for the company. Erste Group Bank restated a "hold" rating on shares of Walmart in a research note on Thursday, March 5th. Finally, Truist Financial lifted their price target on shares of Walmart from $127.00 to $139.00 and gave the company a "buy" rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $135.76.

Insider Activity

In related news, EVP Christopher James Nicholas sold 34,082 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $122.00, for a total transaction of $4,158,004.00. Following the completion of the transaction, the executive vice president directly owned 533,466 shares of the company's stock, valued at approximately $65,082,852. This trade represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Friday, December 26th. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 274,278 shares of company stock valued at $33,605,809 in the last quarter. Company insiders own 0.10% of the company's stock.

Walmart News Roundup

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart’s ad business surged ~37% in Q4, which boosts higher-margin revenue and could improve overall profitability going forward. Walmart's Ad Business Jumps 37%: Margin Upside Ahead?
• Positive Sentiment: Recent quarterly results beat consensus (EPS and revenue) and management set FY2027 EPS guidance (2.75–2.85), supporting the view that Walmart’s core retail performance and membership/ads mix are improving.
• Positive Sentiment: New national product distribution deals (example: Zep cleaning products now carried nationwide at Walmart) show ongoing assortment and supplier momentum that can drive traffic and category share. Zep Expands Home Pro Distribution at Walmart
• Neutral Sentiment: Technical/market commentary is highlighting Walmart as a buy point amid broader market weakness — useful for momentum traders but less material to fundamentals. Dow Jones discount retailer Walmart offers latest buy point amid market weakness
• Neutral Sentiment: Industry logistics moves — FedEx launching same‑day options as retailers (including Walmart) race to speed up delivery — are an operational/competitive factor to watch but not an immediate earnings shock. FedEx launches same-day delivery with OneRail
• Neutral Sentiment: Short-interest reports in the feed show zero or data anomalies (0 shares / NaN increases) and a days-to-cover of 0.0 — not currently informative for sentiment.
• Negative Sentiment: A plaintiffs’ law firm is investigating Walmart’s board for possible breach of fiduciary duty related to alleged deceptive pay practices for Spark drivers — a governance/legal risk that could lead to litigation or reputational costs. Berger Montague PC Investigates Walmart Board for Breach of Fiduciary Duty
• Negative Sentiment: Insider selling: the CEO reported selling roughly $1.6M of WMT stock — a signal some investors watch closely even though sales can be routine. Walmart CEO Sells $1,600,725.00 in Stock
• Negative Sentiment: Analyst commentary questioning Walmart’s “all-weather” defensive status suggests valuation and crowding risks for investors who expect steady downside protection; this is a cautionary view on medium-term upside. Walmart: All-Weather Status Ironically Creates Risk For Investors

Walmart Company 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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