Envestnet Asset Management Inc. Cuts Holdings in Walmart Inc. $WMT

Envestnet Asset Management Inc. trimmed its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,119,609 shares of the retailer’s stock after selling 248,178 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Walmart worth $579,844,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $29,000. Montgomery Financial Services LLC acquired a new stake in Walmart during the second quarter worth $32,000. Sankala Group LLC purchased a new stake in Walmart in the fourth quarter valued at $33,000. Motiv8 Investments LLC purchased a new stake in Walmart in the fourth quarter valued at $34,000. Finally, Copos Capital S.a r.l. acquired a new position in shares of Walmart in the 4th quarter valued at $34,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price target on Walmart from $137.00 to $131.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Tigress Financial restated a “buy” rating and issued a $155.00 price objective on shares of Walmart in a report on Monday, August 31st. BTIG Research reaffirmed a “buy” rating and issued a $140.00 target price on shares of Walmart in a research report on Thursday, September 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $130.00 target price on shares of Walmart in a research note on Friday, August 21st. Finally, TD Cowen reiterated a “buy” rating on shares of Walmart in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.88.

Walmart News Summary

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart opened a new Neighborhood Market in Mesquite, Texas, expanding its grocery, pharmacy and everyday-essentials footprint. The smaller-format store could support local sales growth and provide additional omnichannel fulfillment capacity. Walmart Opens New Neighborhood Market in Mesquite, Texas
• Positive Sentiment: Analysts continue to identify Walmart as a beneficiary of omnichannel growth, private-label expansion, loyalty programs, retail media and automation. These businesses could help drive sales and improve productivity over time. 3 Supermarket Stocks Set to Benefit From Omnichannel & Loyalty Growth
• Positive Sentiment: Walmart is reportedly expanding predictive precision targeting at Sam’s Club to increase advertising revenue. Retail media generally carries attractive margins and could diversify Walmart’s earnings beyond traditional retail. Walmart Launches Predictive Precision Targeting at Sam’s Club
• Neutral Sentiment: Walmart remains highlighted among leading e-commerce stocks, but the article provides limited new company-specific information or financial estimates. Best Ecommerce Stocks To Consider
• Neutral Sentiment: Technical commentary describes Walmart as a potential retail recovery setup, but the stock still faces key market and earnings tests. Walmart, Target and Costco Forecast
• Negative Sentiment: A report that Walmart recently posted its lowest operating margin in nine years raises concern about profitability, particularly as the company invests in pricing, wages, technology and expansion. This is important because WMT trades at a premium valuation.
• Negative Sentiment: Senators are urging the FTC to scrutinize Walmart’s Sparky AI shopping assistant. Regulatory attention could increase compliance costs or limit the benefits of Walmart’s AI initiatives. Senators Push FTC to Scrutinize Sparky AI
• Negative Sentiment: Walmart’s renewed healthcare strategy follows an earlier costly retreat, creating execution risk and potentially weighing on returns if the business again fails to reach scale. Two Years After a Costly Retreat, Walmart Tries Health Again

Insider Buying and Selling at Walmart

In related news, EVP Daniel Bartlett sold 3,950 shares of Walmart stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $105.14, for a total value of $415,303.00. Following the completion of the transaction, the executive vice president owned 622,349 shares in the company, valued at approximately $65,433,773.86. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $106.66, for a total transaction of $1,399,912.50. Following the sale, the chief executive officer directly owned 647,912 shares in the company, valued at approximately $69,106,293.92. The trade was a 1.99% 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 three months, insiders sold 81,004 shares of company stock worth $8,601,724. 0.09% of the stock is owned by company insiders.

Walmart Trading Up 0.4%

Shares of NASDAQ WMT traded up $0.41 during trading on Wednesday, reaching $110.53. The stock had a trading volume of 20,180,494 shares, compared to its average volume of 25,420,092. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. The company has a market cap of $876.92 billion, a P/E ratio of 39.90, a PEG ratio of 4.10 and a beta of 0.59. Walmart Inc. has a fifty-two week low of $98.88 and a fifty-two week high of $135.15. The business’s 50-day moving average price is $109.55 and its 200-day moving average price is $117.90.

Walmart (NASDAQ:WMT) last announced its earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $187.94 billion during the quarter, compared to analysts’ expectations of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%.Walmart’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, equities research analysts predict that Walmart Inc. will post 2.87 EPS for the current fiscal year.

Walmart Profile

Walmart Inc is a multinational retail and technology company that operates supercenters, discount stores, neighborhood markets, e-commerce platforms and membership warehouse clubs. Its merchandise includes groceries, apparel, electronics, home goods, health and beauty products, general merchandise and other consumer products.

Founded by Sam Walton in 1962 and incorporated in 1969, Walmart is headquartered in Bentonville, Arkansas. The company serves customers through operations in the United States and international markets, including Mexico, Canada, China, India and several countries in Central America and Africa.