Sequoia Financial Advisors LLC Purchases 34,435 Shares of Walmart Inc. $WMT

Sequoia Financial Advisors LLC lifted its position in shares of Walmart Inc. (NASDAQ:WMT) by 4.2% during the 2nd quarter, Holdings Channel reports. The firm owned 847,495 shares of the retailer’s stock after purchasing an additional 34,435 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Walmart were worth $95,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Merkkuri Wealth Advisors LLC bought a new stake in Walmart in the 1st quarter valued at $29,000. Entrust Financial LLC acquired a new position in shares of Walmart in the fourth quarter valued at $27,000. Montgomery Financial Services LLC bought a new position in shares of Walmart in the second quarter valued at about $32,000. Sankala Group LLC bought a new position in shares of Walmart in the fourth quarter valued at about $33,000. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of Walmart during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP Daniel Danker sold 50,644 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $105.35, for a total transaction of $5,335,345.40. Following the completion of the transaction, the executive vice president directly owned 201,672 shares in the company, valued at $21,246,145.20. This represents a 20.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Daniel J. Bartlett sold 3,950 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $105.14, for a total transaction of $415,303.00. Following the transaction, the executive vice president owned 622,349 shares of the company’s stock, valued at $65,433,773.86. This trade represents a 0.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 69,264 shares of company stock valued at $7,401,242. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on WMT. Piper Sandler reaffirmed an “overweight” rating and issued a $128.00 target price (down from $137.00) on shares of Walmart in a research report on Friday, August 21st. Tigress Financial reissued a “buy” rating and set a $155.00 target price on shares of Walmart in a report on Monday, August 31st. Telsey Advisory Group reissued an “outperform” rating and issued a $130.00 target price (down from $140.00) on shares of Walmart in a research report on Friday, August 21st. Guggenheim set a $130.00 price target on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 21st. Finally, Cantor Fitzgerald upgraded shares of Walmart to a “buy” rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.88.

Walmart Price Performance

WMT stock opened at $105.83 on Thursday. The company’s 50-day moving average price is $110.45 and its two-hundred day moving average price is $119.08. The firm has a market cap of $839.63 billion, a P/E ratio of 38.21, a P/E/G ratio of 4.05 and a beta of 0.59. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. Walmart Inc. has a 12 month low of $98.88 and a 12 month high of $135.15.

Walmart (NASDAQ:WMT) last announced its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $187.94 billion for the quarter, compared to analysts’ expectations of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, analysts anticipate that Walmart Inc. will post 2.87 earnings per share for the current fiscal year.

About Walmart

Walmart Inc is a multinational retail and technology company that operates supercenters, discount stores, neighborhood markets, e-commerce platforms and membership warehouse clubs. Its merchandise includes groceries, apparel, electronics, home goods, health and beauty products, general merchandise and other consumer products.

Founded by Sam Walton in 1962 and incorporated in 1969, Walmart is headquartered in Bentonville, Arkansas. The company serves customers through operations in the United States and international markets, including Mexico, Canada, China, India and several countries in Central America and Africa.