Sax Wealth Advisors LLC Has $2.52 Million Holdings in Walmart Inc. $WMT

Sax Wealth Advisors LLC raised its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 38.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,275 shares of the retailer’s stock after acquiring an additional 5,674 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Walmart were worth $2,520,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WMT. Adamsbrown Wealth Consultants LLC increased its stake in Walmart by 7.0% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 23,981 shares of the retailer’s stock valued at $2,716,000 after buying an additional 1,572 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Walmart by 5.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 103,754 shares of the retailer’s stock valued at $11,751,000 after buying an additional 5,455 shares during the period. Breakwater Capital Group grew its holdings in shares of Walmart by 2.4% during the 2nd quarter. Breakwater Capital Group now owns 15,747 shares of the retailer’s stock valued at $1,784,000 after acquiring an additional 364 shares in the last quarter. Crumly & Associates Inc. grew its holdings in shares of Walmart by 0.7% during the 2nd quarter. Crumly & Associates Inc. now owns 15,200 shares of the retailer’s stock valued at $1,722,000 after acquiring an additional 113 shares in the last quarter. Finally, MRA Advisory Group increased its stake in shares of Walmart by 40.4% in the second quarter. MRA Advisory Group now owns 19,865 shares of the retailer’s stock worth $2,250,000 after acquiring an additional 5,721 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP David W. Guggina sold 11,978 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was 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 directly owned 125,067 shares in the company, valued at approximately $14,985,527.94. The trade was a 8.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $124.08, for a total value of $1,628,550.00. Following the sale, the chief executive officer directly owned 661,037 shares of the company’s stock, valued at $82,021,470.96. The trade was a 1.95% 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. Insiders sold 71,439 shares of company stock worth $8,544,532 in the last three months. 0.09% of the stock is owned by insiders.

Walmart Stock Performance

Walmart stock opened at $111.85 on Monday. Walmart Inc. has a one year low of $95.42 and a one year high of $135.15. The company’s fifty day moving average price is $114.50 and its two-hundred day moving average price is $121.67. 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 company has a market capitalization of $890.11 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 4.17 and a beta of 0.61.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous 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. On average, analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WMT shares. Weiss Ratings cut Walmart from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Freedom Capital raised Walmart from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Erste Group Bank lowered Walmart from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Tigress Financial reissued a “buy” rating and issued a $155.00 price target (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. Finally, Guggenheim increased their price objective on Walmart from $120.00 to $137.00 and gave the stock a “buy” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.56.

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.