NorthCrest Asset Manangement LLC Has $5.12 Million Position in Walmart Inc. $WMT

NorthCrest Asset Manangement LLC lifted its position in shares of Walmart Inc. (NASDAQ:WMT) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,430 shares of the retailer’s stock after acquiring an additional 9,511 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Walmart were worth $5,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in Walmart in the third quarter valued at about $1,709,000. CWM LLC grew its position in Walmart by 24.2% in the third quarter. CWM LLC now owns 1,175,703 shares of the retailer’s stock valued at $121,168,000 after acquiring an additional 229,220 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Walmart by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 5,091,126 shares of the retailer’s stock worth $497,771,000 after acquiring an additional 42,645 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Walmart by 16.6% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 63,782 shares of the retailer’s stock worth $6,567,000 after acquiring an additional 9,061 shares in the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Walmart by 5.2% in the third quarter. World Investment Advisors now owns 293,866 shares of the retailer’s stock worth $30,286,000 after acquiring an additional 14,487 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 1.4%

Shares of NASDAQ WMT opened at $120.72 on Tuesday. The company has a 50 day simple moving average of $124.13 and a 200 day simple moving average of $113.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.79 and a quick ratio of 0.24. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $134.69. The firm has a market cap of $962.42 billion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 4.43 and a beta of 0.66.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, February 19th. The retailer reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The firm had revenue of $190.66 billion for the quarter, compared to analyst estimates of $188.37 billion. During the same period in the previous year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be issued a dividend of $0.2475 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 11th. Walmart’s payout ratio is 36.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WMT shares. Roth Mkm restated a “buy” rating and issued a $138.00 price target on shares of Walmart in a research note on Friday, February 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and issued a $135.00 target price (up from $125.00) on shares of Walmart in a research report on Thursday, January 15th. TD Cowen reaffirmed a “buy” rating and set a $145.00 target price (up from $136.00) on shares of Walmart in a research note on Friday, February 20th. Finally, DA Davidson set a $150.00 price target on shares of Walmart and gave the stock a “buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

Insider Buying and Selling

In related news, EVP Christopher James Nicholas sold 34,082 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $122.00, for a total value of $4,158,004.00. Following the completion of the sale, the executive vice president directly owned 533,466 shares in the company, valued at $65,082,852. This represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Latriece Watkins sold 10,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $121.46, for a total value of $1,214,600.00. Following the transaction, the executive vice president directly owned 108,294 shares of the company’s stock, valued at approximately $13,153,389.24. This represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 274,278 shares of company stock valued at $33,605,809 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Walmart 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.