Phoenix Wealth Advisors Has $3.59 Million Stake in Walmart Inc. $WMT

Key Points

• Phoenix Wealth Advisors reduced its stake in Walmart by 11.4% during the first quarter, holding 40,858 shares valued at approximately $3.59 million, making Walmart 16th in its portfolio.
• Walmart reported earnings of $0.68 per share for the last quarter, missing the consensus estimate of $0.74, with a revenue of $169.34 billion against expected $174.02 billion.
• In recent analyst ratings, Oppenheimer raised their price target for Walmart shares from $110.00 to $115.00, while JPMorgan Chase reduced their target from $130.00 to $127.00.

Phoenix Wealth Advisors trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,858 shares of the retailer's stock after selling 5,266 shares during the period. Walmart accounts for about 1.6% of Phoenix Wealth Advisors' portfolio, making the stock its 16th biggest holding. Phoenix Wealth Advisors' holdings in Walmart were worth $3,587,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WMT. Operose Advisors LLC lifted its position in shares of Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after buying an additional 243 shares during the last quarter. Bear Mountain Capital Inc. lifted its holdings in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in Walmart during the 1st quarter worth approximately $35,000. Finally, Lipe & Dalton lifted its holdings in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on WMT shares. Royal Bank Of Canada reissued an "outperform" rating and set a $106.00 price target on shares of Walmart in a report on Friday. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Evercore ISI reissued an "outperform" rating and set a $110.00 price target (up from $108.00) on shares of Walmart in a report on Monday. Oppenheimer lifted their price target on Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. cut their target price on Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $110.07.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the sale, the chief executive officer owned 4,412,398 shares in the company, valued at $421,737,000.84. The trade was a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the sale, the executive vice president owned 932,313 shares in the company, valued at $88,700,258.82. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,841 shares of company stock worth $8,565,205 over the last three months. 0.10% of the stock is owned by corporate insiders.

Walmart Stock Down 1.2%

Shares of NYSE WMT opened at $96.8190 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.22 and a debt-to-equity ratio of 0.43. The company has a market cap of $772.66 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 4.75 and a beta of 0.66. Walmart Inc. has a 12 month low of $75.01 and a 12 month high of $105.30. The stock has a 50-day moving average price of $97.99 and a two-hundred day moving average price of $95.63.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate 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%.The firm's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous 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. As a group, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, August 15th. This represents a yield of 90.0%. Walmart's payout ratio is currently 35.34%.

About Walmart

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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