Walmart Inc. $WMT Shares Sold by Convergence Financial LLC

Key Points

• Convergence Financial LLC cut its Walmart stake by 46.5% in the third quarter, selling 10,442 shares and retaining 11,998 shares valued at approximately $1.25 million.
• Walmart reported quarterly EPS of $0.81, beating estimates of $0.74, while revenue rose 5.9% year over year to $187.94 billion.
• Despite some insider and institutional selling, analysts maintain a consensus “Buy” rating with an average price target of $132.41, above the reported share price of $118.77.

Convergence Financial LLC lessened its holdings in Walmart Inc. (NASDAQ:WMT - Free Report) by 46.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,998 shares of the retailer's stock after selling 10,442 shares during the period. Convergence Financial LLC's holdings in Walmart were worth $1,247,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Compton Financial Group LLC raised its holdings in Walmart by 4.1% during the first quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer's stock valued at $259,000 after buying an additional 82 shares in the last quarter. Strait & Sound Wealth Management LLC lifted its position in shares of Walmart by 0.3% in the first quarter. Strait & Sound Wealth Management LLC now owns 25,443 shares of the retailer's stock worth $3,162,000 after buying an additional 84 shares during the last quarter. Lodestar Private Asset Management LLC lifted its position in shares of Walmart by 0.9% in the first quarter. Lodestar Private Asset Management LLC now owns 9,577 shares of the retailer's stock worth $1,190,000 after buying an additional 87 shares during the last quarter. Bernicke Wealth Management Ltd. boosted its stake in shares of Walmart by 0.7% during the 2nd quarter. Bernicke Wealth Management Ltd. now owns 12,548 shares of the retailer's stock worth $1,421,000 after acquiring an additional 89 shares in the last quarter. Finally, MBE Wealth Management LLC boosted its stake in shares of Walmart by 1.0% during the 3rd quarter. MBE Wealth Management LLC now owns 9,306 shares of the retailer's stock worth $967,000 after acquiring an additional 89 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Down 0.5%

Walmart stock opened at $118.77 on Thursday. The firm has a market cap of $942.29 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of 4.33 and a beta of 0.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $98.88 and a fifty-two week high of $135.15. The firm has a fifty day moving average price of $109.70 and a two-hundred day moving average price of $118.34.

Walmart (NASDAQ:WMT - Get Free Report) last released its quarterly 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 net margin of 3.00% and a return on equity of 21.83%. The company had revenue of $187.94 billion during the quarter, compared to analysts' expectations of $186.64 billion. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. As a group, analysts forecast that Walmart Inc. will post 2.88 earnings per share for the current year.

Key Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart lowered the cost of its Thanksgiving meal basket by $5, reinforcing its value proposition as consumers remain sensitive to food prices. Affordable holiday offerings could support traffic and market-share gains. Walmart Thanksgiving menu comparison
• Positive Sentiment: Walmart said AI training has increased technology confidence among its more than 2.1 million associates. Broader employee adoption could improve productivity and customer service over time. Walmart AI training for workers
• Positive Sentiment: The retailer is expanding its digital ecosystem by opening its store to AI shopping agents and adding controls for those transactions. Walmart is also partnering with Care Access to add three clinical-trial centers, supporting longer-term growth in digital commerce and healthcare services. Walmart AI shopping agents
• Neutral Sentiment: Analyst commentary continues to compare Walmart with Tesco and MercadoLibre, highlighting Walmart’s scale and expanding digital operations but also its elevated valuation and profitability considerations. WMT versus MercadoLibre
• Neutral Sentiment: Walmart’s potential to benefit from advertising, e-commerce, automation and healthcare remains part of the investment case, although execution and valuation are key factors for investors.
• Negative Sentiment: The Federal Trade Commission demanded data from Walmart and other companies about personalized pricing. The inquiry could increase compliance costs or create reputational and regulatory risks if regulators find consumers are treated unfairly, though no wrongdoing was alleged. FTC personalized pricing inquiry
• Negative Sentiment: Exchange-traded funds were reported as net sellers of Walmart shares, creating a modest technical headwind and signaling some portfolio rebalancing pressure.
• Negative Sentiment: A lawsuit alleges Walmart inflated the weight of shrimp packages with ice. Although the financial impact is unclear, the claim adds potential legal costs and negative publicity. Walmart shrimp lawsuit

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Roth Capital reissued a "buy" rating on shares of Walmart in a report on Friday, August 21st. Freedom Capital raised Walmart from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Jefferies Financial Group restated a "buy" rating and issued a $120.00 target price on shares of Walmart in a report on Friday, August 21st. Mizuho decreased their target price on Walmart from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, September 29th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $125.00 price target (down from $140.00) on shares of Walmart in a report on Friday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Walmart has a consensus rating of "Buy" and a consensus target price of $132.41.

Insiders Place Their Bets

In related news, CEO John Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $106.66, for a total transaction of $1,399,912.50. Following the completion of the transaction, the chief executive officer owned 647,912 shares of the company's stock, valued at approximately $69,106,293.92. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 5,000 shares of the business's stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $115.00, for a total value of $575,000.00. Following the transaction, the executive vice president directly owned 110,432 shares of the company's stock, valued at $12,699,680. This represents a 4.33% 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. Insiders sold a total of 102,244 shares of company stock valued at $11,112,044 in the last ninety days. Company insiders own 0.09% of the company's stock.

Walmart Company Profile

Walmart Inc NASDAQ: WMT operates a global retail business through a network of supercenters, supermarkets, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its stores and websites sell a broad assortment of merchandise, including groceries, consumables, health and wellness products, apparel, electronics, home goods, toys and other general merchandise.

The company organizes its operations into Walmart U.S., Walmart International and Sam's Club U.S. Walmart U.S.

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