Connecticut Capital Management Group LLC Buys New Shares in Walmart Inc. $WMT

Connecticut Capital Management Group LLC bought a new stake in shares of Walmart Inc. (NASDAQ:WMT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 7,984 shares of the retailer’s stock, valued at approximately $889,000. Walmart accounts for approximately 0.9% of Connecticut Capital Management Group LLC’s portfolio, making the stock its 28th largest holding.

Other institutional investors also recently modified their holdings of the company. Entrust Financial LLC bought a new stake in Walmart during the 4th quarter valued at $27,000. Collier Financial bought a new stake in Walmart during the 3rd quarter valued at $25,000. Your Advocates Ltd. LLP bought a new stake in Walmart during the 3rd quarter valued at $28,000. Beacon Financial Strategies CORP bought a new stake in Walmart during the 4th quarter valued at $30,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Walmart during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WMT shares. Jefferies Financial Group set a $145.00 price target on shares of Walmart in a research note on Friday, February 20th. Sanford C. Bernstein restated an “outperform” rating and set a $145.00 price target on shares of Walmart in a research note on Tuesday, May 12th. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a research note on Monday, April 20th. BMO Capital Markets restated an “outperform” rating on shares of Walmart in a research note on Friday, May 22nd. Finally, Telsey Advisory Group boosted their price target on shares of Walmart from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.71.

Key Stories Impacting Walmart

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 strong grocery traffic that could support sales momentum. TD Cowen Boosts Target on Walmart (WMT) Amid Strong Grocery Traffic
• Positive Sentiment: Walmart’s e-commerce business grew 26%, while ads and membership revenue continue to scale, supporting the company’s longer-term profit mix. Target vs. Walmart: Which Retail Stock Is the Better Buy After Earnings?
• Neutral Sentiment: Walmart is being added to the Russell 3000 elite/top 10 during the June reconstitution, which is notable for index investors but not a direct fundamental catalyst. Walmart Joins Russell 3000 Elite As Investors Weigh Q1 Shakeup
• Neutral Sentiment: Walmart launched a logistics program to streamline distribution and simplify supplier shipments, a cost-efficiency move that could help over time. Walmart Debuts Program to Streamline Distribution Network
• Negative Sentiment: Recent commentary continues to focus on Walmart’s post-earnings slide, with investors worried that fuel and other costs are squeezing margins and overshadowing growth. Walmart Sinks 8.1% Post Q1 Earnings: Exit WMT Stock or Stay Put?
• Negative Sentiment: RBC Capital trimmed its price target to $137 from $140 after Walmart’s in-line quarter and softer-than-expected guidance, reinforcing concerns about near-term earnings momentum. Walmart (WMT) – Among the Top 12 Picks for a Dividend Stock Portfolio For Retirement

Walmart Stock Performance

NASDAQ WMT opened at $118.54 on Thursday. Walmart Inc. has a 1 year low of $93.43 and a 1 year high of $135.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23. The firm has a market cap of $944.88 billion, a price-to-earnings ratio of 41.59, a PEG ratio of 4.42 and a beta of 0.65. The company has a fifty day moving average price of $126.36 and a 200-day moving average price of $120.53.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, hitting 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 prior year, the business posted $0.61 EPS. The business’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, equities research analysts predict that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, Director C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $132.21, for a total value of $2,566,989.36. Following the completion of the sale, the director owned 4,193,995 shares in the company, valued at $554,488,078.95. This represents a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 on Thursday, May 21st. The stock was 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 of the company’s stock, valued at approximately $71,607,543.76. The trade was a 0.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 106,592 shares of company stock worth $13,436,513. 0.10% of the stock is owned by insiders.

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.