Millennium Capital Advisors LLC Makes New $8.36 Million Investment in Walmart Inc. $WMT

Key Points

• Millennium Capital Advisors opened a new position in Walmart, buying 75,075 shares worth about $8.36 million. The stake represents 4.9% of its holdings, making Walmart its third-largest holding.
• Other institutional investors also added to or initiated positions in WMT, and 26.76% of Walmart’s shares are held by hedge funds and other institutions.
• Wall Street remains broadly positive on Walmart: the stock has a “Buy” consensus with an average price target of $138.88, while recent earnings topped estimates on both EPS and revenue.

Millennium Capital Advisors LLC bought a new position in Walmart Inc. (NASDAQ:WMT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 75,075 shares of the retailer's stock, valued at approximately $8,364,000. Walmart accounts for 4.9% of Millennium Capital Advisors LLC's holdings, making the stock its 3rd biggest holding.

Several other hedge funds have also made changes to their positions in WMT. Fox Run Management L.L.C. purchased a new stake in shares of Walmart during the 3rd quarter worth $1,709,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Walmart by 16.6% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 63,782 shares of the retailer's stock worth $6,567,000 after purchasing an additional 9,061 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Walmart by 2.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer's stock worth $104,182,000 after purchasing an additional 28,026 shares during the last quarter. Tennessee Valley Asset Management Partners lifted its stake in shares of Walmart by 466.6% during the 3rd quarter. Tennessee Valley Asset Management Partners now owns 13,343 shares of the retailer's stock worth $1,375,000 after purchasing an additional 10,988 shares during the last quarter. Finally, Tradewinds LLC. purchased a new stake in shares of Walmart during the 3rd quarter worth $11,077,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WMT. Tigress Financial set a $150.00 price objective on Walmart and gave the stock a "buy" rating in a research note on Wednesday, February 25th. Wall Street Zen cut Walmart from a "buy" rating to a "hold" rating in a research note on Sunday, January 18th. Wells Fargo & Company restated an "overweight" rating and set a $140.00 price objective (up from $130.00) on shares of Walmart in a research note on Tuesday, February 10th. Wolfe Research restated an "outperform" rating and set a $137.00 price objective (up from $135.00) on shares of Walmart in a research note on Monday, May 11th. Finally, KeyCorp restated an "overweight" rating and set a $145.00 price objective (up from $128.00) on shares of Walmart in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of "Buy" and an average price target of $138.88.

Key Headlines Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: UBS and other analysts expect Walmart to deliver another strong quarter, helped by resilient grocery demand, e-commerce growth, and advertising momentum, which could support the stock if results meet or exceed expectations.
• Positive Sentiment: Bank of America said Walmart’s consistent sales growth should be rewarded by the market, reinforcing the view that WMT remains a defensive growth name ahead of earnings.
• Positive Sentiment: Recent commentary also highlights Walmart as a long-term growth and momentum stock, with investors continuing to search for the name ahead of the report.
• Neutral Sentiment: Walmart said it will host its first-quarter earnings conference call on May 21, keeping attention focused on upcoming results and guidance rather than any new business update. Walmart To Host First Quarter Earnings Conference Call May 21, 2026
• Negative Sentiment: One bearish analysis argued that expectations may be too high versus Walmart’s own guidance, warning that reported sales growth may not be enough to justify a further move higher and that investors may want to trim positions.

Walmart Stock Down 0.8%

Walmart stock opened at $131.45 on Friday. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 47.97, a price-to-earnings-growth ratio of 4.89 and a beta of 0.65. Walmart Inc. has a 52 week low of $93.43 and a 52 week high of $134.69. The business's 50-day moving average price is $126.37 and its 200 day moving average price is $119.15. 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 (NASDAQ:WMT - Get Free Report) last posted its earnings results on Thursday, February 19th. The retailer reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $190.66 billion for the quarter, compared to analyst estimates of $188.37 billion. Walmart had a return on equity of 21.44% and a net margin of 3.07%.Walmart's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. 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, sell-side analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current year.

Walmart Announces Dividend

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

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,335 shares of the firm's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $124.63, for a total transaction of $166,381.05. Following the sale, the executive vice president directly owned 636,843 shares of the company's stock, valued at $79,369,743.09. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 John D. Rainey sold 20,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $127.79, for a total value of $2,555,800.00. Following the sale, the executive vice president directly owned 486,764 shares in the company, valued at approximately $62,203,571.56. This trade represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 167,195 shares of company stock valued at $20,975,804 over the last 90 days. Company insiders own 0.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.