Perennial Investment Advisors LLC Acquires Shares of 20,689 Walmart Inc. $WMT

Key Points

• Perennial Investment Advisors acquired 20,689 Walmart shares in the second quarter, valued at approximately $2.34 million. Several other institutional investors also initiated positions, while institutions collectively own 26.76% of Walmart.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $131.88, despite recent target reductions from BTIG Research and JPMorgan.
• Walmart exceeded quarterly expectations, reporting $0.81 EPS and $187.94 billion in revenue, up 5.9% year over year. However, the stock opened at $103.09—below its 50- and 200-day moving averages—and executives have sold shares under pre-arranged plans.

Perennial Investment Advisors LLC acquired a new stake in Walmart Inc. (NASDAQ:WMT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,689 shares of the retailer's stock, valued at approximately $2,343,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Permanens Capital L.P. acquired a new stake in Walmart in the 2nd quarter valued at $10,402,000. Philadelphia Investment Partners LLC purchased a new position in Walmart during the second quarter valued at $1,005,000. Pingora Partners LLC purchased a new position in Walmart during the second quarter valued at $34,000. Pinnacle Family Advisors LLC acquired a new stake in shares of Walmart in the second quarter valued at about $819,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in shares of Walmart in the second quarter valued at about $9,877,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WMT. Cantor Fitzgerald upgraded Walmart to a "buy" rating in a report on Friday, August 21st. Freedom Capital upgraded Walmart from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. BTIG Research lowered their price target on Walmart from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, August 21st. JPMorgan Chase & Co. dropped their price target on Walmart from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. Finally, Weiss Ratings downgraded Walmart from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average price target of $131.88.

Insider Activity

In other Walmart news, EVP Daniel Danker sold 50,644 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $105.35, for a total value of $5,335,345.40. Following the transaction, the executive vice president directly owned 201,672 shares in the company, valued at $21,246,145.20. The trade was a 20.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $106.34, for a total transaction of $308,386.00. Following the completion of the sale, the executive vice president directly owned 569,153 shares of the company's stock, valued at approximately $60,523,730.02. This trade represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 77,292 shares of company stock worth $8,421,143. Company insiders own 0.09% of the company's stock.

Walmart Stock Performance

Shares of Walmart stock opened at $103.09 on Friday. The business's 50 day moving average price is $111.90 and its 200 day moving average price is $120.45. The company has a market cap of $820.40 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 3.92 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a one year low of $95.79 and a one year high of $135.15.

Walmart (NASDAQ:WMT - Get Free Report) last issued its earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.07. Walmart had a return on equity of 21.83% and a net margin of 3.00%.The business had revenue of $187.94 billion during the quarter, compared to the consensus estimate of $186.64 billion. During the same period last year, the company earned $0.68 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, research analysts predict that Walmart Inc. will post 2.87 EPS for the current year.

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart’s fiscal second-quarter results showed continued momentum beyond traditional store sales: revenue reached approximately $187.9 billion, global e-commerce grew 23%, and advertising revenue increased 38%. These higher-growth businesses could support future margins and cash flow. Walmart Growth Engine Hums
• Positive Sentiment: Analysts and commentary continue to point to Walmart’s expanding e-commerce, digital advertising, memberships, convenience-led fulfillment, automation and AI initiatives as reasons the recent decline could represent a long-term buying opportunity. Walmart’s scale and value-focused pricing remain important competitive advantages. Walmart Continues to Grow Beyond Retail
• Neutral Sentiment: Walmart settled a U.S. Justice Department lawsuit alleging that its pharmacies unlawfully contributed to the opioid epidemic. Resolving the case removes an overhang and reduces legal uncertainty, although the financial terms and any broader implications remain important for investors. Walmart Settles U.S. Opioid Lawsuit
• Negative Sentiment: Recent coverage highlights a potentially tougher consumer environment. Walmart’s comparable sales growth was 3.4% excluding pharmacy-related items, while middle-income shoppers appear increasingly focused on necessities and limiting discretionary purchases. Walmart and Home Depot Results
• Negative Sentiment: Investors are also questioning whether Walmart’s valuation adequately reflects its strong performance. A high earnings multiple, slower core sales growth and the stock’s position below its moving averages have amplified the impact of the recent selloff. Walmart Selloff Analysis
• Negative Sentiment: Executive Vice President Daniel Danker sold 50,644 shares worth approximately $5.3 million. The sale was made under a pre-arranged Rule 10b5-1 plan to cover taxes on vested equity awards, making it a weaker bearish signal than discretionary insider selling. Walmart Insider Trading Filing

Walmart 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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