Walmart Inc. $WMT Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC cut its Walmart stake by 17.8% in the fourth quarter, selling 101,224 shares and leaving it with 467,003 shares worth about $52.0 million.
• Wall Street sentiment remains mostly positive: several analysts raised price targets recently, and Walmart now carries a Moderate Buy consensus with an average target price of $138.71.
• Walmart’s latest earnings were solid, with $177.75 billion in revenue and EPS of $0.66 matching estimates, while the company also reported strong grocery demand and continued e-commerce growth in recent commentary.

Intech Investment Management LLC trimmed its holdings in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 467,003 shares of the retailer's stock after selling 101,224 shares during the period. Walmart comprises 0.5% of Intech Investment Management LLC's investment portfolio, making the stock its 29th largest position. Intech Investment Management LLC's holdings in Walmart were worth $52,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Fox Run Management L.L.C. acquired a new position in shares of Walmart during the third quarter worth $1,709,000. Van ECK Associates Corp lifted its position in shares of Walmart by 2.9% during the third quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer's stock worth $104,182,000 after purchasing an additional 28,026 shares in the last quarter. Life Cycle Investment Partners Ltd acquired a new position in shares of Walmart during the fourth quarter worth $40,855,000. Tennessee Valley Asset Management Partners lifted its position in shares of Walmart by 466.6% during the third quarter. Tennessee Valley Asset Management Partners now owns 13,343 shares of the retailer's stock worth $1,375,000 after purchasing an additional 10,988 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in shares of Walmart by 8.8% during the fourth quarter. King Luther Capital Management Corp now owns 1,415,423 shares of the retailer's stock worth $157,692,000 after purchasing an additional 113,952 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart News Roundup

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: TD Cowen raised its price target on Walmart to $150 from $145 and kept a Buy rating, citing continued strength in grocery traffic and resilient demand. TD Cowen Boosts Target on Walmart (WMT) Amid Strong Grocery Traffic
• Positive Sentiment: Walmart’s Sam’s Club business said its Member’s Mark community has grown to more than 150,000 participants, reinforcing customer engagement and supporting private-label product development. Sam’s Club's Member's Mark™ Community Surges to Over 150000 Participants
• Positive Sentiment: Commentary from Jim Cramer and other bullish coverage continues to frame Walmart as a defensive winner, with investors seeing the recent weakness as a potential buying opportunity. Jim Cramer Reveals Why He’d Buy Walmart (WMT)
• Neutral Sentiment: Coverage comparing Walmart with Target and other retailers highlighted Walmart’s 26% global e-commerce growth and improving higher-margin businesses, but it was more of an industry comparison than a direct catalyst. Target vs. Walmart: Which Retail Stock Is the Better Buy After Earnings?
• Neutral Sentiment: Reports that Walmart may be preparing for price increases and navigating tariff-related inflation pressures point to ongoing margin management, but the impact is uncertain. Walmart signals potential price increases as food producers focus on margins (WMT)
• Negative Sentiment: Several pieces focused on slower consumer spending, delayed discretionary purchases, and Walmart’s stock trading well below recent highs, which may be weighing on sentiment despite the company’s defensive profile. Amazon and Walmart Turn to Platform Economics as Consumer Spending Slows
• Negative Sentiment: Short-interest-related reporting and “in the red zone” commentary suggest some traders remain cautious on Walmart in the near term, even though the short-interest data itself appears inconsistent. Walmart tries cost-cutting supply chain model as stock stays in red zone

Wall Street Analyst Weigh In

A number of research firms have recently commented on WMT. Oppenheimer reissued an "outperform" rating and set a $140.00 target price (up from $125.00) on shares of Walmart in a research report on Monday, February 9th. HSBC cut shares of Walmart from a "buy" rating to a "hold" rating and boosted their target price for the stock from $122.00 to $131.00 in a research report on Friday, February 20th. Guggenheim upped their price target on shares of Walmart from $120.00 to $137.00 and gave the company a "buy" rating in a report on Monday, April 13th. TD Cowen reaffirmed a "buy" rating and issued a $150.00 price target (up from $145.00) on shares of Walmart in a report on Thursday, May 7th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Walmart in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $138.71.

Walmart Stock Up 0.3%

WMT stock opened at $118.90 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $93.43 and a 1-year high of $135.15. The firm has a fifty day moving average price of $126.24 and a two-hundred day moving average price of $120.64. The firm has a market cap of $947.75 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 4.42 and a beta of 0.65.

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

Insider Activity

In other Walmart news, EVP Christopher James Nicholas sold 2,900 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $123.92, for a total transaction of $359,368.00. Following the completion of the sale, the executive vice president owned 577,853 shares in the company, valued at $71,607,543.76. The trade was a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $124.08, for a total transaction of $1,628,550.00. Following the sale, the chief executive officer owned 661,037 shares of the company's stock, valued at approximately $82,021,470.96. The trade was a 1.95% 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 have sold 106,592 shares of company stock valued at $13,436,513 over the last quarter. 0.10% of the stock is owned by company insiders.

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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