Novare Capital Management LLC Has $34.22 Million Holdings in Walmart Inc. $WMT

Key Points

• Novare Capital Management LLC has reduced its stake in Walmart Inc. by 1.1%, currently holding approximately $34.22 million worth of shares, making it the firm's 7th largest position.
• Several hedge funds increased their holdings in Walmart, with Brighton Jones LLC seeing the largest growth at 28.8% in the 4th quarter.
• Walmart's stock is well-rated with 31 analysts rating it as 'Buy' and a target price averaging $112.63, despite reporting a missed EPS estimate in its last earnings announcement.

Novare Capital Management LLC decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,959 shares of the retailer's stock after selling 3,946 shares during the period. Walmart accounts for approximately 2.8% of Novare Capital Management LLC's holdings, making the stock its 7th largest position. Novare Capital Management LLC's holdings in Walmart were worth $34,219,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WMT. Brighton Jones LLC grew its holdings in shares of Walmart by 28.8% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC lifted its stake in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares during the last quarter. Mainstream Capital Management LLC lifted its stake in Walmart by 13.6% in the 1st quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer's stock valued at $1,084,000 after purchasing an additional 1,474 shares during the last quarter. GAMMA Investing LLC lifted its position in Walmart by 13.9% during the first quarter. GAMMA Investing LLC now owns 90,440 shares of the retailer's stock worth $7,940,000 after acquiring an additional 11,018 shares during the last quarter. Finally, ORG Wealth Partners LLC lifted its position in Walmart by 260.6% during the first quarter. ORG Wealth Partners LLC now owns 47,940 shares of the retailer's stock worth $4,259,000 after acquiring an additional 34,647 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WMT shares. Wolfe Research started coverage on shares of Walmart in a research report on Thursday, September 18th. They set an "outperform" rating and a $129.00 price objective for the company. Evercore ISI restated an "outperform" rating and set a $110.00 price objective (up from $108.00) on shares of Walmart in a research report on Monday, August 18th. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group raised their target price on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Finally, Truist Financial lowered their target price on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Thirty-one investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average target price of $112.63.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,550 shares of the business's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $107.46, for a total transaction of $166,563.00. Following the transaction, the executive vice president owned 644,418 shares of the company's stock, valued at approximately $69,249,158.28. The trade was a 0.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the transaction, the executive vice president directly owned 892,940 shares in the company, valued at approximately $96,241,073.20. The trade was a 1.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,038 shares of company stock worth $15,249,614 over the last 90 days. Corporate insiders own 0.10% of the company's stock.

Walmart Trading Up 1.3%

Shares of WMT opened at $107.80 on Friday. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $109.57. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm's fifty day moving average is $101.69 and its two-hundred day moving average is $97.86. The stock has a market cap of $859.50 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 5.02 and a beta of 0.67.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same period last year, the firm earned $0.67 EPS. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Research analysts forecast 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.

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