Walmart Inc. $WMT Shares Purchased by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC increased its stake in Walmart by 11.3% in Q3, buying 30,818 shares to hold 302,831 shares valued at about $31.21 million.
• Insider selling has been notable: Director C. Douglas McMillon sold 19,416 shares and CEO John R. Furner sold 13,125 shares recently, with insiders selling 278,278 shares worth $33.97 million over the last 90 days and now owning 0.10% of the stock.
• Company results and outlook: Walmart beat quarterly EPS estimates ($0.74 vs. $0.73) with revenue of $190.66 billion (up 5.6% YoY), set FY2027 EPS guidance of $2.75–$2.85, has a $1.01 trillion market cap, and pays a $0.2475 quarterly dividend (0.8% yield).

Integrated Wealth Concepts LLC boosted its position in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 302,831 shares of the retailer's stock after purchasing an additional 30,818 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Walmart were worth $31,210,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Revolve Wealth Partners LLC lifted its position in shares of Walmart by 1.0% in the third quarter. Revolve Wealth Partners LLC now owns 9,926 shares of the retailer's stock valued at $1,023,000 after acquiring an additional 96 shares in the last quarter. Meridian Wealth Partners LLC lifted its stake in shares of Walmart by 2.1% during the second quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer's stock valued at $470,000 after buying an additional 99 shares during the period. Hemington Wealth Management boosted its position in Walmart by 1.8% during the third quarter. Hemington Wealth Management now owns 5,695 shares of the retailer's stock worth $586,000 after acquiring an additional 99 shares during the last quarter. Boomfish Wealth Group LLC grew its stake in Walmart by 2.7% in the 3rd quarter. Boomfish Wealth Group LLC now owns 3,701 shares of the retailer's stock worth $381,000 after acquiring an additional 99 shares during the period. Finally, Bailard Inc. raised its holdings in Walmart by 0.3% in the 3rd quarter. Bailard Inc. now owns 29,445 shares of the retailer's stock valued at $3,035,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other Walmart news, Director C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $126.71, for a total value of $2,460,201.36. Following the transaction, the director directly owned 4,023,209 shares of the company's stock, valued at $509,780,812.39. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $129.10, for a total value of $1,694,437.50. Following the transaction, the chief executive officer owned 591,084 shares of the company's stock, valued at approximately $76,308,944.40. This trade represents a 2.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 278,278 shares of company stock worth $33,974,118 over the last ninety days. Company insiders own 0.10% of the company's stock.

Walmart Stock Performance

Walmart stock opened at $126.52 on Monday. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $134.69. The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 46.18, a price-to-earnings-growth ratio of 4.71 and a beta of 0.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.79 and a quick ratio of 0.24. The firm's fifty day moving average price is $123.16 and its 200 day moving average price is $112.06.

Walmart (NASDAQ:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. The company had revenue of $190.66 billion during the quarter, compared to analysts' expectations of $188.37 billion. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 11th will be paid a dividend of $0.2475 per share. This represents a $0.99 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 11th. Walmart's dividend payout ratio (DPR) is 34.31%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WMT shares. Oppenheimer restated an "outperform" rating and set a $140.00 price objective (up from $125.00) on shares of Walmart in a report on Monday, February 9th. BMO Capital Markets restated an "outperform" rating on shares of Walmart in a report on Wednesday, January 14th. Rothschild & Co Redburn set a $150.00 price target on shares of Walmart in a research report on Tuesday, February 17th. BTIG Research reaffirmed a "buy" rating and set a $140.00 price target on shares of Walmart in a research note on Friday, February 20th. Finally, Piper Sandler reissued an "overweight" rating on shares of Walmart in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average price target of $135.76.

About Walmart

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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