Novare Capital Management LLC Cuts Holdings in Walmart Inc. $WMT

Novare Capital Management LLC lessened its position in Walmart Inc. (NASDAQ:WMT) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 339,924 shares of the retailer’s stock after selling 10,035 shares during the quarter. Walmart makes up about 2.7% of Novare Capital Management LLC’s portfolio, making the stock its 8th biggest position. Novare Capital Management LLC’s holdings in Walmart were worth $35,033,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WMT. Disciplined Investments LLC boosted its position in Walmart by 1.0% during the 3rd quarter. Disciplined Investments LLC now owns 31,579 shares of the retailer’s stock worth $3,255,000 after acquiring an additional 302 shares during the last quarter. DSG Capital Advisors LLC raised its holdings in shares of Walmart by 5.7% in the third quarter. DSG Capital Advisors LLC now owns 64,554 shares of the retailer’s stock valued at $6,653,000 after purchasing an additional 3,487 shares during the last quarter. Braun Bostich & Associates Inc. lifted its position in shares of Walmart by 2.0% in the third quarter. Braun Bostich & Associates Inc. now owns 8,544 shares of the retailer’s stock worth $881,000 after purchasing an additional 169 shares in the last quarter. Little House Capital LLC boosted its holdings in Walmart by 5.8% during the third quarter. Little House Capital LLC now owns 84,997 shares of the retailer’s stock worth $8,760,000 after purchasing an additional 4,665 shares during the last quarter. Finally, Stablepoint Partners LLC boosted its holdings in Walmart by 1.1% during the third quarter. Stablepoint Partners LLC now owns 67,205 shares of the retailer’s stock worth $6,926,000 after purchasing an additional 763 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.6%

Shares of Walmart stock opened at $116.94 on Wednesday. The business has a fifty day simple moving average of $113.67 and a two-hundred day simple moving average of $105.63. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $121.62. The company has a market capitalization of $932.03 billion, a price-to-earnings ratio of 40.89, a P/E/G ratio of 5.02 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WMT shares. Guggenheim reiterated a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Walmart in a research note on Friday, November 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $125.00 target price (up previously from $115.00) on shares of Walmart in a research report on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $126.00 price target (up from $123.00) on shares of Walmart in a research report on Wednesday, January 14th. Robert W. Baird raised their price target on Walmart from $110.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Finally, Truist Financial set a $127.00 price target on Walmart in a research report on Wednesday, December 17th. Thirty-two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.20.

Insiders Place Their Bets

In other news, EVP Daniel Danker sold 4,365 shares of the company’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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $111.83, for a total value of $2,171,291.28. Following the transaction, the chief executive officer owned 4,315,333 shares in the company, valued at approximately $482,583,689.39. This trade represents a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 135,215 shares of company stock worth $15,304,608 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

About Walmart

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.