53,467 Shares in Walmart Inc. $WMT Acquired by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC acquired a new position in Walmart Inc. by purchasing 53,467 shares valued at approximately $4.7 million during the first quarter.
• Walmart reported quarterly earnings of $0.68 per share, missing analysts' expectations, with revenue of $169.34 billion, which was below the forecast of $174.02 billion.
• Several analysts have recently increased their price targets on Walmart stock, with Telsey Advisory Group raising it from $115 to $118 and Goldman Sachs from $101 to $114.

SCS Capital Management LLC acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,467 shares of the retailer's stock, valued at approximately $4,700,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after buying an additional 485 shares during the last quarter. Highview Capital Management LLC DE lifted its position 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 purchasing an additional 1,720 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Walmart by 17.4% during the fourth quarter. Janus Henderson Group PLC now owns 752,624 shares of the retailer's stock valued at $68,037,000 after buying an additional 111,513 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Walmart by 64.8% in the fourth quarter. Lazard Asset Management LLC now owns 508,433 shares of the retailer's stock valued at $45,936,000 after purchasing an additional 199,931 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Truist Financial cut their price objective on Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Telsey Advisory Group increased their price objective on Walmart from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Evercore ISI reissued an "outperform" rating and issued a $110.00 target price (up previously from $108.00) on shares of Walmart in a report on Monday, August 18th. KeyCorp boosted their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $106.00 target price on shares of Walmart in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of "Buy" and an average price target of $110.76.

Walmart Stock Up 2.2%

Shares of WMT traded up $2.23 during trading hours on Thursday, hitting $102.64. 15,893,966 shares of the company were exchanged, compared to its average volume of 17,623,236. The firm's 50 day moving average is $98.61 and its 200-day moving average is $95.37. Walmart Inc. has a 52 week low of $77.49 and a 52 week high of $105.30. The company has a market cap of $818.33 billion, a PE ratio of 38.59, a PEG ratio of 4.82 and a beta of 0.65. 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 (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The company had revenue of $169.34 billion during 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 company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Friday, June 20th. The shares were 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 of the company's stock, valued at $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,382 shares of company stock valued at $11,718,441 over the last quarter. 0.10% of the stock is currently owned by insiders.

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.