Sequoia Financial Advisors LLC Has $95.99 Million Stock Holdings in Walmart Inc. $WMT

Key Points

• Sequoia Financial Advisors increased its Walmart stake by 4.2% in the second quarter, owning 847,495 shares valued at approximately $95.99 million. Institutional investors and hedge funds collectively own 26.76% of Walmart.
• Walmart reported quarterly EPS of $0.81, beating estimates of $0.74, while revenue rose 5.9% year over year to $187.94 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $131.88.
• Walmart shares opened at $105.83, versus a 12-month range of $98.88 to $135.15, and trade at a market capitalization of about $839.63 billion. Corporate insiders sold 69,264 shares worth $7.4 million over the past three months, primarily under pre-arranged trading plans.

Sequoia Financial Advisors LLC increased its position in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 847,495 shares of the retailer's stock after purchasing an additional 34,435 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Walmart were worth $95,987,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WMT. California State Teachers Retirement System grew its position in Walmart by 11,189.0% during the 2nd quarter. California State Teachers Retirement System now owns 755,604,916 shares of the retailer's stock worth $85,579,813,000 after acquiring an additional 748,911,635 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Walmart in the second quarter valued at about $7,455,131,000. Norges Bank acquired a new position in Walmart during the 4th quarter worth about $6,458,529,000. Legal & General Group Plc acquired a new position in Walmart during the 2nd quarter worth about $2,905,655,000. Finally, AQR Capital Management LLC increased its position in Walmart by 188.1% in the 3rd quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer's stock valued at $1,199,907,000 after acquiring an additional 7,614,172 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research analyst reports. Raymond James Financial reissued an "outperform" rating and set a $130.00 price target on shares of Walmart in a research note on Friday, August 21st. BMO Capital Markets reissued an "outperform" rating and issued a $126.00 target price on shares of Walmart in a research note on Friday, August 21st. Gordon Haskett downgraded Walmart from a "buy" rating to an "accumulate" rating in a research report on Thursday, August 20th. Weiss Ratings downgraded shares of Walmart from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, July 31st. Finally, Evercore set a $125.00 price target on shares of Walmart in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.88.

Walmart Price Performance

Shares of WMT stock opened at $105.83 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. Walmart Inc. has a 12-month low of $98.88 and a 12-month high of $135.15. The firm has a fifty day moving average of $110.45 and a 200-day moving average of $119.08. The firm has a market capitalization of $839.63 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 4.05 and a beta of 0.59.

Walmart (NASDAQ:WMT - Get Free Report) last posted its earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $187.94 billion during the quarter, compared to analysts' expectations of $186.64 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The company's revenue 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, equities research analysts forecast that Walmart Inc. will post 2.87 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 3,950 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $105.14, for a total value of $415,303.00. Following the sale, the executive vice president directly owned 622,349 shares in the company, valued at $65,433,773.86. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Nicholas sold 2,900 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $106.34, for a total value of $308,386.00. Following the completion of the sale, the executive vice president owned 569,153 shares in the company, valued at $60,523,730.02. The trade was a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 69,264 shares of company stock valued at $7,401,242. 0.09% of the stock is owned by corporate insiders.

About Walmart

Walmart Inc is a multinational retail and technology company that operates supercenters, discount stores, neighborhood markets, e-commerce platforms and membership warehouse clubs. Its merchandise includes groceries, apparel, electronics, home goods, health and beauty products, general merchandise and other consumer products.

Founded by Sam Walton in 1962 and incorporated in 1969, Walmart is headquartered in Bentonville, Arkansas. The company serves customers through operations in the United States and international markets, including Mexico, Canada, China, India and several countries in Central America and Africa.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.