New Wave Wealth Advisors LLC Has $28.82 Million Position in Walmart Inc. $WMT

New Wave Wealth Advisors LLC trimmed its stake in shares of Walmart Inc. (NASDAQ:WMT) by 7.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,604 shares of the retailer’s stock after selling 21,998 shares during the period. Walmart comprises about 10.5% of New Wave Wealth Advisors LLC’s portfolio, making the stock its largest position. New Wave Wealth Advisors LLC’s holdings in Walmart were worth $28,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Access Investment Management LLC acquired a new position in shares of Walmart during the second quarter worth about $26,000. PFS Partners LLC lifted its stake in Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after acquiring an additional 233 shares in the last quarter. Roble Belko & Company Inc boosted its position in Walmart by 212.6% during the 3rd quarter. Roble Belko & Company Inc now owns 322 shares of the retailer’s stock worth $33,000 after acquiring an additional 219 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Walmart during the 3rd quarter worth approximately $39,000. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of Walmart in the second quarter valued at approximately $46,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 1.3%

Walmart stock opened at $117.81 on Friday. The stock has a 50-day simple moving average of $112.76 and a 200 day simple moving average of $105.07. The stock has a market capitalization of $938.93 billion, a P/E ratio of 41.19, a PEG ratio of 5.09 and a beta of 0.66. 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 Inc. has a 52 week low of $79.81 and a 52 week high of $121.62.

Walmart (NASDAQ:WMT) last issued its earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The company had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. During the same period in the previous year, the company posted $0.58 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $119.99, for a total transaction of $1,574,868.75. Following the completion of the sale, the executive vice president directly owned 727,155 shares in the company, valued at $87,251,328.45. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel Danker sold 4,365 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $120.19, for a total value of $524,629.35. Following the sale, the executive vice president owned 238,583 shares of the company’s stock, valued at approximately $28,675,290.77. This represents a 1.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,799 shares of company stock worth $12,990,803 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Walmart in a research report on Wednesday, January 14th. Robert W. Baird raised their price objective on Walmart from $110.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, November 21st. BTIG Research reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walmart in a research report on Wednesday, January 14th. Truist Financial set a $127.00 target price on Walmart in a report on Wednesday, December 17th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $129.00 price target (up from $122.00) on shares of Walmart in a research note on Monday, January 5th. Thirty-two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.03.

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.