RiverFront Investment Group LLC Has $62.04 Million Holdings in Walmart Inc. $WMT

RiverFront Investment Group LLC raised its stake in Walmart Inc. (NYSE:WMT) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,509 shares of the retailer’s stock after buying an additional 22,027 shares during the period. RiverFront Investment Group LLC’s holdings in Walmart were worth $62,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Aviva PLC grew its position in Walmart by 16.4% during the second quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock valued at $374,861,000 after buying an additional 539,504 shares during the period. Weatherly Asset Management L. P. raised its holdings in shares of Walmart by 7.0% in the 2nd quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock worth $5,489,000 after purchasing an additional 3,696 shares during the period. Gerber Kawasaki Wealth & Investment Management raised its stake in shares of Walmart by 34.6% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock valued at $3,355,000 after buying an additional 9,831 shares during the period. Ally Financial Inc. bought a new position in shares of Walmart during the 1st quarter worth $2,107,000. Finally, Night Squared LP bought a new position in Walmart in the 1st quarter worth approximately $1,052,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, CTO Suresh Kumar sold 30,000 shares of Walmart stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the sale, the chief technology officer directly owned 1,787,200 shares in the company, valued at approximately $184,921,584. The trade was a 1.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the transaction, the chief executive officer owned 4,392,985 shares of the company’s stock, valued at approximately $421,594,770.45. This trade represents a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 151,013 shares of company stock valued at $15,616,747. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. Cowen restated a “buy” rating on shares of Walmart in a research report on Monday, November 10th. DA Davidson set a $130.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Friday. Robert W. Baird upped their target price on shares of Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday. KeyCorp restated an “overweight” rating and set a $120.00 price target (up from $110.00) on shares of Walmart in a research report on Friday. Finally, Oppenheimer boosted their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Thirty-one analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.55.

Walmart Trading Down 1.4%

Shares of NYSE WMT opened at $103.85 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $109.57. The stock has a market capitalization of $827.98 billion, a P/E ratio of 39.04, a PEG ratio of 4.83 and a beta of 0.67. The business’s 50 day moving average is $103.53 and its two-hundred day moving average is $99.96.

Walmart (NYSE:WMT) last announced 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. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. During the same quarter last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. 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.

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.