Modern Wealth Management LLC Purchases 8,234 Shares of Walmart Inc. $WMT

Key Points

• Modern Wealth Management LLC increased its holdings in Walmart Inc. by 15.3%, acquiring an additional 8,234 shares, bringing their total to 62,202 shares worth approximately $5,461,000.
• Several hedge funds, including Brighton Jones LLC and Quadcap Wealth Management LLC, have significantly increased their stakes in Walmart, with Brighton Jones boosting its stake by 28.8%.
• Walmart's quarterly earnings missed estimates, reporting an EPS of $0.68 against expectations of $0.74, with revenue of $169.34 billion compared to analyst estimates of $174.02 billion.

Modern Wealth Management LLC boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 15.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,202 shares of the retailer's stock after acquiring an additional 8,234 shares during the quarter. Modern Wealth Management LLC's holdings in Walmart were worth $5,461,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WMT. Brighton Jones LLC increased its stake in Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after acquiring an additional 485 shares during the last quarter. Highview Capital Management LLC DE grew its stake 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 buying an additional 1,720 shares during the last quarter. Quadcap Wealth Management LLC increased its holdings in shares of Walmart by 106.3% during the fourth quarter. Quadcap Wealth Management LLC now owns 55,308 shares of the retailer's stock worth $4,997,000 after buying an additional 28,493 shares in the last quarter. Finally, Polar Capital Holdings Plc increased its holdings in shares of Walmart by 2.3% during the fourth quarter. Polar Capital Holdings Plc now owns 338,186 shares of the retailer's stock worth $30,555,000 after buying an additional 7,616 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WMT shares. KeyCorp upped their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $106.00 price target on shares of Walmart in a report on Friday, August 22nd. Oppenheimer upped their price target on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. DA Davidson reiterated a "buy" rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Finally, Tigress Financial upped their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $110.76.

Walmart Price Performance

Shares of NYSE:WMT opened at $102.64 on Friday. The firm has a market cap of $818.33 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 4.82 and a beta of 0.65. The firm's fifty day moving average is $98.61 and its 200-day moving average is $95.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a 52 week low of $77.49 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The business had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.Walmart's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm 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 predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Monday, July 21st. The shares were sold at an average price of $95.14, for a total transaction of $380,560.00. Following the transaction, the executive vice president owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,382 shares of company stock worth $11,718,441 in the last three months. 0.10% of the stock is currently owned by company insiders.

Walmart Company 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.

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