Riverbridge Partners LLC Sells 13,684 Shares of Walmart Inc. $WMT

Riverbridge Partners LLC reduced its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 41.3% in the first quarter, HoldingsChannel.com reports. The fund owned 19,451 shares of the retailer’s stock after selling 13,684 shares during the quarter. Riverbridge Partners LLC’s holdings in Walmart were worth $2,417,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Guyasuta Investment Advisors Inc. lifted its stake in shares of Walmart by 0.4% in the 1st quarter. Guyasuta Investment Advisors Inc. now owns 118,360 shares of the retailer’s stock valued at $14,710,000 after purchasing an additional 414 shares during the period. New Covenant Trust Company N.A. grew its stake in Walmart by 10.6% during the first quarter. New Covenant Trust Company N.A. now owns 9,033 shares of the retailer’s stock worth $1,123,000 after purchasing an additional 869 shares during the period. Amarillo National Bank grew its stake in Walmart by 6.2% during the first quarter. Amarillo National Bank now owns 90,333 shares of the retailer’s stock worth $11,227,000 after purchasing an additional 5,243 shares during the period. Vermillion Wealth Management Inc. increased its holdings in Walmart by 10.3% in the first quarter. Vermillion Wealth Management Inc. now owns 8,417 shares of the retailer’s stock worth $1,046,000 after purchasing an additional 789 shares in the last quarter. Finally, Mainstream Capital Management LLC increased its holdings in Walmart by 6.7% in the first quarter. Mainstream Capital Management LLC now owns 13,142 shares of the retailer’s stock worth $1,633,000 after purchasing an additional 826 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $115.78 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $123.93 and a two-hundred day simple moving average of $122.21. Walmart Inc. has a 12 month low of $94.23 and a 12 month high of $135.15. The firm has a market capitalization of $921.39 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 4.44 and a beta of 0.59.

Walmart (NASDAQ:WMT) last released its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The firm had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $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. Analysts forecast that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Trending Headlines about Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart is expanding its Shapermint partnership into 1,600 more U.S. stores, adding another growth driver in apparel and broadening its non-grocery assortment. Article Title
• Positive Sentiment: Reports that Walmart plans to acquire Vibe.co suggest the company is investing to grow its connected-TV and retail-media advertising business, which could improve high-margin revenue. Article Title
• Neutral Sentiment: Analyst-style articles comparing Walmart with Walmart de Mexico focus on relative valuation rather than a new operational catalyst, so the stock impact appears limited. Article Title
• Neutral Sentiment: News that Walmart Business is working to reduce friction for small businesses is supportive of the long-term strategy, but it is not likely to move the shares much on its own. Article Title
• Negative Sentiment: Multiple reports say Amazon has overtaken Walmart as the largest U.S. retailer by gross merchandise value, highlighting competitive pressure and potentially tempering investor sentiment around Walmart’s retail dominance. Article Title
• Negative Sentiment: Another report emphasizing Amazon’s rise as the first retailer larger than Walmart since the Sears era may reinforce concerns that Walmart is losing some scale advantage. Article Title

Insiders Place Their Bets

In other news, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.63, for a total value of $2,303,320.08. Following the completion of the sale, the director directly owned 4,174,579 shares of the company’s stock, valued at $495,230,306.77. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 firm’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 transaction, the executive vice president owned 577,853 shares in the company, valued at $71,607,543.76. This represents a 0.50% decrease in their position. 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. Insiders have sold 100,730 shares of company stock worth $12,444,624 in the last 90 days. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Craig Hallum set a $150.00 price target on Walmart in a report on Friday, March 6th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a research note on Monday, June 8th. UBS Group set a $141.00 target price on shares of Walmart and gave the company a “buy” rating in a research report on Friday, May 22nd. TD Cowen reissued a “buy” rating and set a $150.00 target price (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. Finally, Wolfe Research restated an “outperform” rating and issued a $137.00 price target (up from $135.00) on shares of Walmart in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $138.85.

About Walmart

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.