Walmart Inc. $WMT Shares Sold by HB Wealth Management LLC

Key Points

• HB Wealth Management reduced its Walmart position by 2.3% in the second quarter, selling 10,154 shares and retaining 427,579 shares valued at approximately $48.4 million. Institutional investors and hedge funds collectively own 26.76% of Walmart.
• Walmart executives sold shares in prearranged Rule 10b5-1 transactions, including EVP Daniel Danker’s sale of 50,644 shares for about $5.3 million. Insiders sold 81,242 shares worth approximately $8.8 million during the quarter, while corporate insiders own just 0.09% of the stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $131.88, despite several target reductions. Walmart recently exceeded quarterly earnings and revenue expectations, reporting $0.81 EPS and $187.94 billion in revenue.

HB Wealth Management LLC reduced its position in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,579 shares of the retailer's stock after selling 10,154 shares during the period. HB Wealth Management LLC's holdings in Walmart were worth $48,428,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WMT. Entrust Financial LLC purchased a new stake in Walmart in the 4th quarter valued at $27,000. Merkkuri Wealth Advisors LLC purchased a new stake in Walmart in the 1st quarter valued at about $29,000. Montgomery Financial Services LLC acquired a new position in Walmart in the second quarter valued at about $32,000. Sankala Group LLC purchased a new position in Walmart during the fourth quarter worth about $33,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of Walmart during the fourth quarter valued at about $34,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, EVP Daniel Danker sold 50,644 shares of Walmart stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $105.35, for a total transaction of $5,335,345.40. Following the completion of the transaction, the executive vice president directly owned 201,672 shares of the company's stock, valued at approximately $21,246,145.20. This trade represents a 20.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP David Guggina sold 11,978 shares of the business's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the transaction, the executive vice president directly owned 125,067 shares in the company, valued at approximately $14,985,527.94. This represents a 8.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 81,242 shares of company stock valued at $8,836,446. 0.09% of the stock is currently owned by corporate insiders.

Walmart News Summary

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Dunkin’ delivery expands Walmart’s digital ecosystem. Walmart’s partnership with Dunkin’ adds restaurant delivery to its three-month-old service, broadening convenience offerings and giving the retailer another opportunity to increase customer engagement, order frequency and delivery revenue while competing with DoorDash and Uber Eats. Walmart Shoppers Can Now Get Dunkin’ Delivered
• Positive Sentiment: Fraud prevention could become an additional retail technology opportunity. Walmart’s work with Amazon on fraud prevention highlights its efforts to protect shoppers and potentially develop technology and services that improve trust, retention and the economics of digital commerce. Amazon and Walmart Turn Fraud Prevention Into a Retail Product
• Neutral Sentiment: Retail comparisons show Walmart remains a key consumer bellwether. Recent large-format retailer results point to a divided, or “K-shaped,” consumer economy: higher-income shoppers continue spending in some discretionary categories, while value-focused consumers face pressure from elevated grocery costs. This creates both traffic opportunities and potential margin challenges for Walmart. Retail Earnings Expose a Bigger Divide in the U.S. Consumer Economy
• Neutral Sentiment: Haleon’s improved shelf placement reinforces Walmart’s importance to suppliers. Better positioning for Haleon brands such as Sensodyne may support product visibility and sales, though the report primarily benefits Haleon and does not materially change Walmart’s financial outlook. Haleon Secures Better Shelf Space at Walmart
• Negative Sentiment: Tariff and margin concerns are weighing on the investment case. Mixed retail results suggest Walmart may face pressure balancing value pricing with higher product costs, while its elevated earnings multiple leaves less room for execution disappointments.
• Negative Sentiment: Regulatory scrutiny adds an overhang. The Department of Justice’s investigation into rising beef prices has expanded to Walmart and other retailers. No wrongdoing has been established, but the inquiry creates potential legal, reputational and compliance risks.
• Neutral Sentiment: An executive share sale was limited and prearranged. EVP Daniel Bartlett sold 3,950 shares worth approximately $415,000 under a Rule 10b5-1 plan, reducing his direct holdings by only 0.63%; the transaction is therefore a weak trading signal. Daniel Bartlett Sells Walmart Shares

Analysts Set New Price Targets

Several equities analysts have recently commented on WMT shares. Telsey Advisory Group restated an "outperform" rating and issued a $130.00 price objective (down from $140.00) on shares of Walmart in a report on Friday, August 21st. Freedom Broker upgraded shares of Walmart from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Roth Capital reissued a "buy" rating on shares of Walmart in a research report on Friday, August 21st. Robert W. Baird lowered their price target on Walmart from $140.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, August 21st. Finally, Wells Fargo & Company dropped their target price on Walmart from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.88.

Walmart Price Performance

NASDAQ WMT opened at $107.14 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. Walmart Inc. has a 12-month low of $98.88 and a 12-month high of $135.15. The company has a 50 day moving average price of $110.81 and a two-hundred day moving average price of $119.62. The stock has a market capitalization of $850.02 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 4.09 and a beta of 0.59.

Walmart (NASDAQ:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 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 for the quarter, compared to analyst estimates of $186.64 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The company's quarterly revenue was up 5.9% compared to the same quarter last year. 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, equities analysts predict that Walmart Inc. will post 2.87 earnings per share for the current fiscal year.

Walmart 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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