Modern Wealth Management LLC Boosts Holdings in Walmart Inc. $WMT

Modern Wealth Management LLC lifted its position in shares of Walmart Inc. (NASDAQ:WMT) by 7.8% during the second quarter, HoldingsChannel reports. The firm owned 67,075 shares of the retailer’s stock after purchasing an additional 4,873 shares during the quarter. Modern Wealth Management LLC’s holdings in Walmart were worth $6,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Access Investment Management LLC acquired a new stake in shares of Walmart during the 2nd quarter valued at approximately $26,000. PFS Partners LLC increased its stake in Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after purchasing an additional 233 shares during the last quarter. Ridgewood Investments LLC raised its holdings in shares of Walmart by 55.3% during the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares during the period. Livelsberger Financial Advisory acquired a new stake in shares of Walmart during the second quarter worth $44,000. Finally, Harbor Asset Planning Inc. bought a new position in shares of Walmart in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.0%

Shares of WMT stock opened at $116.70 on Friday. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $116.95. The firm has a market capitalization of $930.12 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 5.34 and a beta of 0.64. The stock has a fifty day moving average of $106.31 and a two-hundred day moving average of $101.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $179.50 billion for the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Insider Buying and Selling

In related news, SVP David Chojnowski sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total transaction of $746,550.00. Following the transaction, the senior vice president owned 136,289 shares in the company, valued at $14,535,221.85. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $104.75, for a total value of $1,374,843.75. Following the completion of the sale, the executive vice president owned 879,815 shares of the company’s stock, valued at $92,160,621.25. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 128,013 shares of company stock worth $13,553,747. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Walmart from $109.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Robert W. Baird increased their price target on Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. KeyCorp restated an “overweight” rating and set a $120.00 price objective (up previously from $110.00) on shares of Walmart in a research report on Friday, November 21st. Tigress Financial upped their price objective on Walmart from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $123.00 target price (up from $111.00) on shares of Walmart in a research note on Friday, November 21st. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.31.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.