Swedbank AB reduced its stake in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,756,043 shares of the retailer's stock after selling 134,830 shares during the quarter. Swedbank AB's holdings in Walmart were worth $307,051,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Collier Financial bought a new position in Walmart in the 3rd quarter valued at $25,000. Your Advocates Ltd. LLP bought a new stake in shares of Walmart during the third quarter worth $28,000. Redmont Wealth Advisors LLC bought a new stake in shares of Walmart during the third quarter worth $30,000. Beacon Financial Strategies CORP acquired a new position in shares of Walmart during the fourth quarter valued at $30,000. Finally, Bay Harbor Wealth Management LLC boosted its holdings in Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock valued at $32,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 26.76% of the company's stock.
Insider Activity at Walmart
In other Walmart news, CEO John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $124.84, for a total transaction of $1,638,525.00. Following the completion of the transaction, the chief executive officer owned 674,162 shares in the company, valued at approximately $84,162,384.08. This represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of Walmart stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $124.72, for a total value of $361,688.00. Following the completion of the sale, the executive vice president directly owned 596,008 shares in the company, valued at $74,334,117.76. This represents a 0.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 167,195 shares of company stock valued at $20,975,804 over the last three months. Insiders own 0.10% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on the company. DA Davidson set a $150.00 price objective on Walmart and gave the stock a "buy" rating in a research report on Friday, February 20th. HSBC lowered shares of Walmart from a "buy" rating to a "hold" rating and raised their target price for the company from $122.00 to $131.00 in a research note on Friday, February 20th. Piper Sandler reiterated an "overweight" rating on shares of Walmart in a research report on Tuesday, February 24th. Telsey Advisory Group increased their price objective on shares of Walmart from $135.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, February 20th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Walmart in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of "Buy" and a consensus target price of $137.79.
Get Our Latest Research Report on Walmart
Walmart Stock Performance
WMT stock opened at $130.79 on Wednesday. Walmart Inc. has a 1-year low of $91.89 and a 1-year high of $134.69. The company has a current ratio of 0.79, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.04 trillion, a PE ratio of 47.73, a P/E/G ratio of 4.85 and a beta of 0.65. The business's 50-day moving average price is $125.76 and its two-hundred day moving average price is $117.90.
Walmart (NASDAQ:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The retailer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $190.66 billion during the quarter, compared to the consensus estimate of $188.37 billion. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current year.
Walmart Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be issued a $0.2475 dividend. This represents a $0.99 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 11th. Walmart's dividend payout ratio is 36.13%.
About Walmart
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NASDAQ:WMT - Free Report).
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.
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
