Walmart Inc. $WMT Shares Acquired by Strait & Sound Wealth Management LLC

Key Points

• Strait & Sound Wealth Management LLC increased its stake in Walmart Inc. by 37.0% in Q1, owning 25,876 shares worth approximately $2.27 million.
• Walmart reported $0.68 earnings per share (EPS) for the latest quarter, falling short of the consensus estimate of $0.74, with revenue of $169.34 billion.
• Analysts have a consensus rating of "Buy" for Walmart shares, with an average target price of $110.76.

Strait & Sound Wealth Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 37.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,876 shares of the retailer's stock after buying an additional 6,990 shares during the quarter. Walmart makes up about 1.1% of Strait & Sound Wealth Management LLC's investment portfolio, making the stock its 21st largest holding. Strait & Sound Wealth Management LLC's holdings in Walmart were worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after buying an additional 3,224,154 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after buying an additional 7,706,201 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Walmart by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock worth $2,710,665,000 after buying an additional 387,424 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Walmart by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock worth $2,696,396,000 after buying an additional 233,040 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Walmart by 2.9% during the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after buying an additional 823,020 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Trading Down 0.5%

NYSE:WMT opened at $100.45 on Monday. The company has a market capitalization of $800.85 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.83 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. The stock's 50 day moving average price is $98.29 and its 200 day moving average price is $95.17. Walmart Inc. has a 52 week low of $76.30 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced 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). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same period in the previous year, the company earned $0.67 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WMT shares. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. DA Davidson reaffirmed a "buy" rating and issued a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the company an "outperform" rating in a report on Friday, August 22nd. KeyCorp lifted their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $106.00 price target on shares of Walmart in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $110.76.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the completion of the transaction, the executive vice president directly owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,382 shares of company stock valued at $11,718,441. Company insiders own 0.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.