Tcfg Wealth Management LLC Boosts Stock Position in Walmart Inc. $WMT

Tcfg Wealth Management LLC grew its position in Walmart Inc. (NASDAQ:WMT) by 117.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,697 shares of the retailer’s stock after purchasing an additional 5,244 shares during the period. Tcfg Wealth Management LLC’s holdings in Walmart were worth $999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Revolve Wealth Partners LLC lifted its stake in Walmart by 1.0% during the 3rd quarter. Revolve Wealth Partners LLC now owns 9,926 shares of the retailer’s stock valued at $1,023,000 after acquiring an additional 96 shares during the period. Meridian Wealth Partners LLC boosted its holdings in shares of Walmart by 2.1% in the 2nd quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer’s stock valued at $470,000 after acquiring an additional 99 shares during the last quarter. Hemington Wealth Management increased its stake in shares of Walmart by 1.8% in the third quarter. Hemington Wealth Management now owns 5,695 shares of the retailer’s stock worth $586,000 after acquiring an additional 99 shares during the period. Boomfish Wealth Group LLC raised its holdings in shares of Walmart by 2.7% during the third quarter. Boomfish Wealth Group LLC now owns 3,701 shares of the retailer’s stock worth $381,000 after purchasing an additional 99 shares during the last quarter. Finally, Bailard Inc. raised its holdings in shares of Walmart by 0.3% during the third quarter. Bailard Inc. now owns 29,445 shares of the retailer’s stock worth $3,035,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on WMT. KeyCorp reaffirmed an “overweight” rating and issued a $145.00 price target (up from $128.00) on shares of Walmart in a report on Friday, February 13th. BMO Capital Markets reissued an “outperform” rating on shares of Walmart in a report on Wednesday, January 14th. Wall Street Zen downgraded Walmart from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. Argus raised Walmart to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $135.00 price target (up from $125.00) on shares of Walmart in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.76.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 20,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $127.79, for a total transaction of $2,555,800.00. Following the transaction, the executive vice president owned 486,764 shares in the company, valued at $62,203,571.56. This trade represents a 3.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $126.71, for a total transaction of $2,460,201.36. Following the completion of the sale, the director directly owned 4,023,209 shares in the company, valued at $509,780,812.39. This represents a 0.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 278,278 shares of company stock valued at $33,974,118 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Walmart Stock Down 0.7%

WMT opened at $125.08 on Wednesday. The company has a fifty day moving average of $123.64 and a two-hundred day moving average of $112.47. The stock has a market capitalization of $996.91 billion, a price-to-earnings ratio of 45.65, a PEG ratio of 4.69 and a beta of 0.66. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $134.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.24 and a current ratio of 0.79.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, February 19th. The retailer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The business had revenue of $190.66 billion for the quarter, compared to analyst estimates of $188.37 billion. During the same period in the prior year, the company posted $0.66 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. On average, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 11th will be issued a $0.2475 dividend. This represents a $0.99 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 11th. Walmart’s dividend payout ratio (DPR) is presently 36.13%.

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.