IPG Investment Advisors LLC Trims Holdings in Walmart Inc. $WMT

IPG Investment Advisors LLC lowered its stake in shares of Walmart Inc. (NASDAQ:WMT) by 27.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,919 shares of the retailer’s stock after selling 13,508 shares during the quarter. IPG Investment Advisors LLC’s holdings in Walmart were worth $3,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Brighton Jones LLC grew its holdings in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after purchasing an additional 485 shares in the last quarter. Peterson Wealth Management raised its stake in shares of Walmart by 3.5% in the 1st quarter. Peterson Wealth Management now owns 50,307 shares of the retailer’s stock valued at $4,416,000 after purchasing an additional 1,715 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Walmart by 0.9% during the second quarter. Sivia Capital Partners LLC now owns 13,008 shares of the retailer’s stock worth $1,272,000 after purchasing an additional 116 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of Walmart by 1.2% during the second quarter. Schnieders Capital Management LLC. now owns 91,341 shares of the retailer’s stock worth $8,931,000 after purchasing an additional 1,048 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 3,950 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $105.14, for a total transaction of $415,303.00. Following the completion of the sale, the executive vice president owned 622,349 shares in the company, valued at $65,433,773.86. This represents a 0.63% decrease in their position. The sale 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, EVP Christopher Nicholas sold 2,900 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $106.34, for a total value of $308,386.00. Following the sale, the executive vice president owned 569,153 shares of the company’s stock, valued at approximately $60,523,730.02. The trade was a 0.51% 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. Over the last ninety days, insiders have sold 69,264 shares of company stock valued at $7,401,242. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WMT. Freedom Capital raised Walmart from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Gordon Haskett downgraded Walmart from a “buy” rating to an “accumulate” rating in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $113.00 target price on Walmart in a research report on Friday, August 21st. Truist Financial set a $114.00 price target on Walmart and gave the company a “buy” rating in a report on Friday, August 21st. Finally, Evercore set a $125.00 price target on Walmart in a research report on Friday, August 21st. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $131.88.

Walmart Price Performance

Shares of Walmart stock opened at $105.83 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $110.45 and a 200-day simple moving average of $119.08. The stock has a market capitalization of $839.63 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 4.05 and a beta of 0.59. Walmart Inc. has a 1-year low of $98.88 and a 1-year high of $135.15.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $187.94 billion for the quarter, compared to analyst estimates of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. Walmart’s revenue was up 5.9% compared to the same quarter last year. 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, sell-side analysts expect that Walmart Inc. will post 2.87 earnings per share for the current 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.