Walmart Inc. $WMT Shares Bought by MML Investors Services LLC

MML Investors Services LLC raised its stake in Walmart Inc. (NASDAQ:WMT) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,173,324 shares of the retailer’s stock after purchasing an additional 76,280 shares during the quarter. MML Investors Services LLC’s holdings in Walmart were worth $130,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Renaissance Group LLC raised its position in shares of Walmart by 0.9% during the 4th quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock worth $1,074,000 after acquiring an additional 83 shares in the last quarter. Calton & Associates Inc. raised its position in shares of Walmart by 0.3% during the 4th quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock worth $3,033,000 after acquiring an additional 84 shares in the last quarter. Advocacy Wealth Management LLC raised its position in shares of Walmart by 2.5% during the 4th quarter. Advocacy Wealth Management LLC now owns 3,392 shares of the retailer’s stock worth $378,000 after acquiring an additional 84 shares in the last quarter. Stockman Wealth Management Inc. raised its position in shares of Walmart by 3.5% during the 4th quarter. Stockman Wealth Management Inc. now owns 2,561 shares of the retailer’s stock worth $285,000 after acquiring an additional 87 shares in the last quarter. Finally, Capstone Wealth Management LLC raised its position in shares of Walmart by 1.8% during the 4th quarter. Capstone Wealth Management LLC now owns 4,955 shares of the retailer’s stock worth $552,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the transaction, the director owned 4,174,579 shares of the company’s stock, valued at $495,230,306.77. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of Walmart stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total value of $1,308,670.00. Following the transaction, the executive vice president directly owned 120,203 shares in the company, valued at approximately $14,300,550.91. This trade represents a 8.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 128,986 shares of company stock valued at $15,927,908 over the last 90 days. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America assumed coverage on Walmart in a research report on Friday, February 27th. They set a “buy” rating and a $150.00 target price on the stock. DA Davidson set a $150.00 target price on Walmart and gave the stock a “buy” rating in a research report on Friday, February 20th. BNP Paribas Exane cut their target price on Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. Truist Financial set a $140.00 target price on Walmart in a research report on Thursday, May 21st. Finally, Erste Group Bank lowered Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.85.

Walmart Stock Performance

WMT opened at $121.04 on Monday. The firm has a market cap of $963.25 billion, a price-to-earnings ratio of 42.47, a price-to-earnings-growth ratio of 4.52 and a beta of 0.60. Walmart Inc. has a 52 week low of $93.62 and a 52 week high of $135.15. The business’s 50 day moving average is $125.28 and its two-hundred day moving average is $121.78. 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) last released its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The company had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, research analysts predict that Walmart Inc. will post 2.89 EPS for the current 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.