Zinnia Wealth Advisory LLC Buys Shares of 12,798 Walmart Inc. $WMT

Key Points

• Zinnia Wealth Advisory opened a new position in Walmart during the fourth quarter, buying 12,798 shares worth about $1.43 million. The stake represents roughly 1.5% of its portfolio and is its 17th-largest holding.
• Institutional interest in Walmart remains strong, with firms like Vanguard, State Street, Geode Capital, and Norges Bank all adding to or initiating positions. Hedge funds and other institutions now own about 26.76% of Walmart’s shares.
• Analysts remain broadly bullish on Walmart, with an average Moderate Buy rating and a consensus price target of $138.85. Several firms recently raised targets, while Walmart’s latest quarterly results showed earnings in line with expectations and revenue above estimates.

Zinnia Wealth Advisory LLC bought a new stake in Walmart Inc. (NASDAQ:WMT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,798 shares of the retailer's stock, valued at approximately $1,426,000. Walmart makes up approximately 1.5% of Zinnia Wealth Advisory LLC's investment portfolio, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Walmart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer's stock worth $49,015,626,000 after purchasing an additional 4,304,436 shares during the period. State Street Corp increased its stake in shares of Walmart by 1.2% in the third quarter. State Street Corp now owns 184,805,978 shares of the retailer's stock worth $19,046,104,000 after purchasing an additional 2,242,364 shares during the period. Geode Capital Management LLC increased its stake in shares of Walmart by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer's stock worth $11,426,753,000 after purchasing an additional 6,517,394 shares during the period. Norges Bank bought a new position in shares of Walmart in the fourth quarter worth about $6,458,529,000. Finally, Fisher Asset Management LLC increased its stake in shares of Walmart by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer's stock worth $4,526,238,000 after purchasing an additional 328,229 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

WMT has been the topic of several research reports. DA Davidson set a $150.00 price target on Walmart and gave the company a "buy" rating in a research note on Friday, February 20th. Guggenheim boosted their price target on Walmart from $120.00 to $137.00 and gave the company a "buy" rating in a research note on Monday, April 13th. Wolfe Research restated an "outperform" rating and set a $137.00 price target (up from $135.00) on shares of Walmart in a research note on Monday, May 11th. Craig Hallum set a $150.00 price target on Walmart in a research note on Friday, March 6th. Finally, Tigress Financial restated a "buy" rating and set a $155.00 price target (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $138.85.

Walmart Trading Down 0.2%

Shares of WMT opened at $120.82 on Tuesday. Walmart Inc. has a 12-month low of $93.62 and a 12-month high of $135.15. The firm has a market capitalization of $961.50 billion, a price-to-earnings ratio of 42.39, a P/E/G ratio of 4.52 and a beta of 0.60. The stock's 50-day moving average price is $125.18 and its 200 day moving average price is $121.88. 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 (NASDAQ:WMT - Get Free Report) last released its quarterly earnings data 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 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 analyst estimates of $174.84 billion. During the same period in the prior year, the company posted $0.61 EPS. The company's 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 predict that Walmart Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP David W. Guggina sold 11,978 shares of the company's stock in a transaction that occurred 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 sale, 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $123.92, for a total value of $359,368.00. Following the completion of the sale, the executive vice president owned 577,853 shares in the company, valued at approximately $71,607,543.76. This 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. In the last 90 days, insiders sold 128,986 shares of company stock worth $15,927,908. Insiders own 0.09% of the company's stock.

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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