CoreCap Advisors LLC Increases Position in Walmart Inc. $WMT

CoreCap Advisors LLC lifted its stake in Walmart Inc. (NASDAQ:WMT) by 38.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 67,574 shares of the retailer’s stock after purchasing an additional 18,800 shares during the quarter. CoreCap Advisors LLC’s holdings in Walmart were worth $7,653,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Entrust Financial LLC purchased a new position in Walmart in the fourth quarter valued at about $27,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Walmart during the first quarter valued at about $29,000. Bay Harbor Wealth Management LLC lifted its position in shares of Walmart by 57.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after buying an additional 105 shares during the last quarter. Clayton Financial Group LLC boosted its holdings in shares of Walmart by 193.0% in the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after buying an additional 193 shares in the last quarter. Finally, Sankala Group LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $33,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Advertising expansion: Walmart completed its acquisition of Vibe.co, a self-service streaming-TV advertising platform. Integrating the company into Walmart Connect should give advertisers more tools to plan, purchase and measure connected-TV campaigns, potentially strengthening Walmart’s higher-margin advertising business. Walmart Finalizes Purchase of TV Ad Platform Vibe.co
• Positive Sentiment: New growth initiatives: Walmart is expanding drone delivery in Florida through Alphabet’s Wing and offering GLP-1 weight-loss prescriptions with nutrition coaching and AI-based support. These initiatives could improve delivery competitiveness and broaden Walmart’s healthcare opportunity, although their near-term financial impact remains uncertain. Walmart Launches Florida Drone Delivery And GLP 1 Weight Loss Prescriptions
• Neutral Sentiment: Long-term case remains intact: Commentators continue to cite Walmart’s scale, e-commerce investments, advertising growth and dividend stability as reasons to hold the stock over the long term. However, these are broad investment views rather than new earnings catalysts. Is Walmart a Good Long-Term Investment?
• Negative Sentiment: Analyst downgrade and valuation concerns: Oppenheimer downgraded Walmart ahead of its upcoming earnings report, arguing that the stock’s “peakish valuation” leaves it vulnerable to a lower re-rating if U.S. comparable-sales growth slows. With Walmart trading at a relatively high earnings multiple, investors may demand strong guidance and continued momentum. Walmart Downgraded Ahead of Earnings

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. KeyCorp reiterated an “overweight” rating on shares of Walmart in a research note on Friday, May 22nd. Truist Financial set a $140.00 target price on shares of Walmart in a research report on Thursday, May 21st. TD Cowen restated a “buy” rating and issued a $150.00 target price (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. BNP Paribas Exane cut their price target on shares of Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $137.00 price target on shares of Walmart in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $138.56.

Walmart Trading Up 0.8%

Shares of Walmart stock opened at $111.55 on Wednesday. The firm’s 50 day simple moving average is $114.84 and its two-hundred day simple moving average is $121.83. The firm has a market capitalization of $887.72 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 4.13 and a beta of 0.61. Walmart Inc. has a 12-month low of $95.42 and a 12-month high of $135.15. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT) last posted its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts predict that Walmart Inc. will post 2.89 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 3,775 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total value of $413,891.00. Following the sale, the executive vice president owned 630,009 shares in the company, valued at $69,074,186.76. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 71,439 shares of company stock valued at $8,544,532. Insiders own 0.09% of the company’s stock.

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.