TritonPoint Partners LLC Takes $2.47 Million Position in Walmart Inc. $WMT

Key Points

• TritonPoint Partners LLC initiated a new position in Walmart during the fourth quarter, buying 22,092 shares worth about $2.47 million. Walmart now represents 1.3% of the firm’s portfolio and is its 18th largest holding.
• Walmart recently reported quarterly earnings of $0.66 per share, matching analyst expectations, while revenue of $177.75 billion topped estimates and rose 7.4% year over year. The company also reaffirmed forward guidance and analysts currently rate the stock a Moderate Buy with a consensus target of $138.85.
• Shares were down slightly to $120.82, and the stock has seen both institutional buying and insider selling recently. Notably, CEO John R. Furner and EVP David W. Guggina sold shares, while institutional investors own 26.76% of the company.

TritonPoint Partners LLC purchased a new stake in Walmart Inc. (NASDAQ:WMT - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 22,092 shares of the retailer's stock, valued at approximately $2,466,000. Walmart accounts for 1.3% of TritonPoint Partners LLC's portfolio, making the stock its 18th largest holding.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares during the period. Revolve Wealth Partners LLC lifted its stake in Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares during the period. Peterson Wealth Management lifted its stake in Walmart by 3.5% in the first quarter. Peterson Wealth Management now owns 50,307 shares of the retailer's stock valued at $4,416,000 after buying an additional 1,715 shares during the period. Sivia Capital Partners LLC lifted its stake in Walmart by 0.9% in the second quarter. Sivia Capital Partners LLC now owns 13,008 shares of the retailer's stock valued at $1,272,000 after buying an additional 116 shares during the period. Finally, Schnieders Capital Management LLC. lifted its stake in Walmart by 1.2% in the second quarter. Schnieders Capital Management LLC. now owns 91,341 shares of the retailer's stock valued at $8,931,000 after buying an additional 1,048 shares during the period. Institutional investors own 26.76% of the company's stock.

Walmart Stock Down 0.2%

WMT stock opened at $120.82 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $125.18 and a two-hundred day moving average price of $121.88. The company has a market cap of $961.50 billion, a price-to-earnings ratio of 42.39, a P/E/G ratio of 4.52 and a beta of 0.60. Walmart Inc. has a twelve month low of $93.62 and a twelve month high of $135.15.

Walmart (NASDAQ:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting analysts' consensus estimates of $0.66. The firm had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Analysts anticipate that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, EVP David W. Guggina sold 11,978 shares of the firm's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the completion of the sale, the executive vice president owned 125,067 shares in the company, valued at approximately $14,985,527.94. This trade represents a 8.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $121.96, for a total value of $1,600,725.00. Following the sale, the chief executive officer directly owned 687,287 shares of the company's stock, valued at approximately $83,821,522.52. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 128,986 shares of company stock valued at $15,927,908. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on WMT shares. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, June 8th. Morgan Stanley increased their target price on Walmart from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, April 22nd. Jefferies Financial Group set a $145.00 target price on Walmart in a research note on Friday, February 20th. Evercore reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 18th. Finally, Argus raised Walmart to a "strong-buy" rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Walmart currently has an average rating of "Moderate Buy" and a consensus target price of $138.85.

Walmart Company 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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