Bogart Wealth LLC Sells 28,775 Shares of Walmart Inc. $WMT

Bogart Wealth LLC trimmed its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 29.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 69,301 shares of the retailer’s stock after selling 28,775 shares during the period. Bogart Wealth LLC’s holdings in Walmart were worth $8,613,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its holdings in shares of Walmart by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 2,416,580 shares of the retailer’s stock valued at $300,333,000 after acquiring an additional 68,632 shares in the last quarter. Union Bancaire Privee UBP SA grew its holdings in Walmart by 253.3% during the 1st quarter. Union Bancaire Privee UBP SA now owns 384,034 shares of the retailer’s stock worth $47,728,000 after acquiring an additional 275,337 shares in the last quarter. Vise Technologies Inc. increased its position in Walmart by 42.1% during the 4th quarter. Vise Technologies Inc. now owns 275,341 shares of the retailer’s stock valued at $30,676,000 after purchasing an additional 81,635 shares during the period. Van ECK Associates Corp raised its holdings in shares of Walmart by 2.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer’s stock valued at $104,182,000 after purchasing an additional 28,026 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd bought a new stake in shares of Walmart in the 4th quarter valued at about $40,855,000. 26.76% of the stock is owned by institutional investors.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart is cutting prices on thousands of items, which could attract more shoppers and support sales volume. Walmart Looks to Win Over Inflation-Weary Americans With Thousands of Price Cuts
• Positive Sentiment: The retailer’s lower prices on summer barbecue staples and other essentials are getting high-profile attention, including praise from the White House, which may boost consumer sentiment and brand loyalty. Walmart Lowers Prices on Thousands of Items, Including Beef and Coca-Cola
• Neutral Sentiment: Analysts are also weighing Walmart’s valuation and recent stock pullback after the shares cooled from their 52-week high, but the company’s underlying business remains solid. Jim Cramer’s unexpected 1-word reaction to Walmart stock
• Neutral Sentiment: Some commentary suggests the stock’s recent decline reflects broader concerns about rich multiples rather than a change in Walmart’s operations. Walmart (WMT) Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: One article argues that grocery price cuts may not be enough to satisfy investors or shoppers if broader margin pressure and competitive “grocery wars” intensify. It’s Grocery Wars. Walmart Cuts Food Prices, but Shoppers Are Fed Up.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WMT shares. BTIG Research reiterated a “buy” rating and set a $145.00 price objective on shares of Walmart in a research note on Wednesday, June 3rd. Freedom Capital raised shares of Walmart from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Royal Bank Of Canada restated an “outperform” rating and set a $137.00 target price (down from $140.00) on shares of Walmart in a report on Friday, May 22nd. Guggenheim increased their target price on Walmart from $120.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $138.85.

Walmart Trading Up 0.8%

NASDAQ WMT opened at $111.56 on Wednesday. Walmart Inc. has a 52 week low of $94.23 and a 52 week high of $135.15. The company has a 50 day moving average price of $121.36 and a 200 day moving average price of $122.05. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $887.80 billion, a PE ratio of 39.14, a price-to-earnings-growth ratio of 4.12 and a beta of 0.60.

Walmart (NASDAQ:WMT) last announced its earnings results 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 net margin of 3.13% and a return on equity of 21.25%. The company had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. During the same period last year, the firm earned $0.61 earnings per share. Walmart’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, sell-side analysts forecast that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 3,775 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total transaction of $413,891.00. Following the transaction, the executive vice president directly owned 630,009 shares of the company’s stock, valued at $69,074,186.76. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the sale, the executive vice president owned 125,067 shares of the company’s stock, valued at approximately $14,985,527.94. This trade represents a 8.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 104,505 shares of company stock worth $12,858,514. Company insiders own 0.09% of the company’s stock.

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.