Walmart Inc. $WMT Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its stake in Walmart Inc. (NASDAQ:WMT - Free Report) by 51.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 133,575 shares of the retailer's stock after selling 139,586 shares during the period. Kentucky Retirement Systems' holdings in Walmart were worth $16,601,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in WMT. Brighton Jones LLC increased its stake in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares during the period. Peterson Wealth Management boosted its stake in shares of Walmart by 3.5% in the first quarter. Peterson Wealth Management now owns 50,307 shares of the retailer's stock valued at $4,416,000 after purchasing an additional 1,715 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Walmart by 0.9% in the second quarter. Sivia Capital Partners LLC now owns 13,008 shares of the retailer's stock valued at $1,272,000 after purchasing an additional 116 shares in the last quarter. Finally, Schnieders Capital Management LLC. grew its holdings in shares of Walmart by 1.2% in the second quarter. Schnieders Capital Management LLC. now owns 91,341 shares of the retailer's stock valued at $8,931,000 after purchasing an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Up 1.0%

Shares of Walmart stock opened at $114.22 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52-week low of $95.42 and a 52-week high of $135.15. The company has a market capitalization of $908.97 billion, a P/E ratio of 40.08, a P/E/G ratio of 4.22 and a beta of 0.60. The company has a 50 day moving average of $115.56 and a 200 day moving average of $122.03.

Walmart (NASDAQ:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting analysts' consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. During the same period in the prior year, the firm posted $0.61 EPS. The company's quarterly revenue 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. As a group, research analysts forecast that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Mizuho set a $130.00 target price on shares of Walmart in a research note on Monday. Freedom Capital upgraded shares of Walmart from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 21st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, June 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $137.00 price objective on shares of Walmart in a research note on Wednesday, July 22nd. Finally, BNP Paribas Exane decreased their target price on Walmart from $147.00 to $146.00 and set an "outperform" rating for the company in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $138.65.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 3,775 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total value of $413,891.00. Following the transaction, the executive vice president owned 630,009 shares of the company's stock, valued at $69,074,186.76. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $124.08, for a total value of $1,628,550.00. Following the completion of the sale, the chief executive officer owned 661,037 shares in the company, valued at approximately $82,021,470.96. This represents a 1.95% decrease in their ownership of the stock. 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 have sold 67,729 shares of company stock valued at $8,124,931. Insiders own 0.09% of the company's stock.

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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