Walmart Inc. $WMT Stake Trimmed by Delta Global Management LP

Key Points

• Delta Global Management LP cut its Walmart stake by 8.9% in the first quarter, selling 54,615 shares and leaving the firm with 559,513 shares worth about $69.5 million. Walmart remains Delta Global’s largest holding, making up roughly 5.7% of its portfolio.
• Several Wall Street firms remain positive on Walmart, including Royal Bank of Canada’s Outperform rating and a broader analyst consensus of Moderate Buy with an average price target of $138.85. The stock also has 31 Buy ratings and just four Hold ratings.
• Walmart reported quarterly earnings that met EPS expectations at $0.66 while revenue of $177.75 billion beat estimates, up 7.4% year over year. Shares recently opened at $109.47, below both the 50-day and 200-day moving averages.

Delta Global Management LP reduced its position in Walmart Inc. (NASDAQ:WMT - Free Report) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 559,513 shares of the retailer's stock after selling 54,615 shares during the quarter. Walmart makes up about 5.7% of Delta Global Management LP's investment portfolio, making the stock its largest holding. Delta Global Management LP's holdings in Walmart were worth $69,536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Entrust Financial LLC bought a new position in Walmart in the 4th quarter worth $27,000. Merkkuri Wealth Advisors LLC purchased a new stake in Walmart in the 1st quarter worth $29,000. Bay Harbor Wealth Management LLC raised its holdings in Walmart by 57.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock valued at $32,000 after acquiring an additional 105 shares during the period. Clayton Financial Group LLC raised its holdings in Walmart by 193.0% during the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer's stock valued at $33,000 after acquiring an additional 193 shares during the period. Finally, Sankala Group LLC purchased a new position in shares of Walmart in the fourth quarter valued at about $33,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 3,775 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total transaction of $413,891.00. Following the completion of the transaction, the executive vice president directly owned 630,009 shares in the company, valued at approximately $69,074,186.76. This represents a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of the firm's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $118.19, for a total transaction of $342,751.00. Following the completion of the transaction, the executive vice president directly owned 574,953 shares of the company's stock, valued at approximately $67,953,695.07. This trade represents a 0.50% 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. Over the last quarter, insiders have sold 67,729 shares of company stock worth $8,124,931. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $137.00 price objective on shares of Walmart in a research note on Wednesday. Tigress Financial reissued a "buy" rating and set a $155.00 target price (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. BTIG Research reissued a "buy" rating and issued a $145.00 price target on shares of Walmart in a report on Wednesday, June 3rd. UBS Group set a $141.00 price target on Walmart and gave the stock a "buy" rating in a research note on Friday, May 22nd. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Walmart in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $138.85.

Key Headlines Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Royal Bank of Canada reportedly reaffirmed an Outperform rating on Walmart, a supportive signal that may help bolster investor confidence. Walmart NASDAQ: WMT Earns Outperform Rating from Royal Bank Of Canada
• Positive Sentiment: Walmart was highlighted as a wide-moat, sustainable growth stock, reinforcing the view that it can keep delivering steady results even in choppy markets. Top Wide-Moat Stocks to Invest in for Sustainable Growth
• Positive Sentiment: Walmart partnered with ReturnPro to refurbish and resell returned products, which could improve e-commerce efficiency and reduce losses from returns. Walmart (WMT) Partners With ReturnPro To Resell Returned Products
• Positive Sentiment: Coverage suggesting Walmart may be a solid growth stock could keep investors focused on its durable financial performance and scale advantages. Is Walmart (WMT) a Solid Growth Stock? 3 Reasons to Think "Yes"
• Neutral Sentiment: Investors are closely watching Walmart ahead of earnings, with previews focusing on what the company may report rather than providing a fresh catalyst by themselves. Walmart's quarterly earnings preview: What you need to know
• Neutral Sentiment: Walmart being one of Zacks’ most-searched stocks indicates strong investor interest, but not necessarily a direct fundamental driver. Investors Heavily Search Walmart Inc. (WMT): Here is What You Need to Know
• Neutral Sentiment: Articles discussing Walmart’s dividend profile may appeal to income investors, but they are unlikely to move the stock on their own. Does Walmart pay dividends? Its yield & payouts explained
• Negative Sentiment: One article noted Walmart’s extended share-price weakness and suggested the stock could be in a comeback setup, reflecting lingering concern after a recent downtrend. Walmart stock’s extended downturn could trigger a possible comeback
• Negative Sentiment: A bearish comparison piece argued investors might prefer another stock over WMT, citing weaker recent share performance and softer quarterly results. 3 Reasons to Sell WMT and 1 Stock to Buy Instead

Walmart Trading Up 1.0%

Shares of Walmart stock opened at $109.47 on Friday. Walmart Inc. has a twelve month low of $95.42 and a twelve month high of $135.15. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $116.75 and a 200-day moving average price of $121.97. The firm has a market cap of $871.17 billion, a price-to-earnings ratio of 38.41, a PEG ratio of 4.08 and a beta of 0.60.

Walmart (NASDAQ:WMT - Get Free Report) last posted its earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting analysts' consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.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 previous year, the business earned $0.61 earnings per share. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Walmart Company 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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