Thompson Davis & CO. Inc. Buys 37,490 Shares of Walmart Inc. $WMT

Thompson Davis & CO. Inc. boosted its stake in shares of Walmart Inc. (NASDAQ:WMT) by 524.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,642 shares of the retailer’s stock after acquiring an additional 37,490 shares during the quarter. Walmart makes up approximately 2.3% of Thompson Davis & CO. Inc.’s holdings, making the stock its 4th biggest holding. Thompson Davis & CO. Inc.’s holdings in Walmart were worth $4,365,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Access Investment Management LLC bought a new stake in shares of Walmart during the second quarter valued at approximately $26,000. PFS Partners LLC lifted its holdings in Walmart by 267.8% during the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after buying an additional 233 shares in the last quarter. Ridgewood Investments LLC boosted its position in Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after buying an additional 115 shares during the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the 2nd quarter valued at $44,000. Finally, Harbor Asset Planning Inc. bought a new stake in shares of Walmart during the second quarter worth $46,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.0%

Shares of NASDAQ:WMT opened at $116.70 on Monday. The company has a 50 day moving average price of $106.31 and a two-hundred day moving average price of $101.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. The company has a market capitalization of $930.12 billion, a PE ratio of 40.80, a PEG ratio of 5.40 and a beta of 0.64. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $116.95.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The company had revenue of $179.50 billion for the quarter, compared to analysts’ expectations of $175.15 billion. During the same period last year, the firm posted $0.58 earnings per share. The business’s quarterly revenue 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 forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $107.18, for a total value of $2,081,006.88. Following the completion of the sale, the chief executive officer directly owned 4,354,162 shares in the company, valued at $466,679,083.16. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $107.78, for a total value of $1,414,612.50. Following the transaction, the executive vice president owned 892,940 shares in the company, valued at $96,241,073.20. This trade represents a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 126,403 shares of company stock valued at $13,386,774 in the last three months. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMT shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $123.00 price target on shares of Walmart in a report on Tuesday, December 9th. Bank of America raised their target price on shares of Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. UBS Group set a $130.00 price target on shares of Walmart in a research note on Wednesday, December 3rd. BMO Capital Markets raised their price objective on shares of Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Finally, Robert W. Baird upped their target price on shares of Walmart from $110.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Thirty-one research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $119.31.

Walmart Profile

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.