Thryve Wealth Management LLC Invests $803,000 in Walmart Inc. $WMT

Thryve Wealth Management LLC acquired a new position in shares of Walmart Inc. (NASDAQ:WMT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,204 shares of the retailer’s stock, valued at approximately $803,000.

A number of other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in Walmart in the fourth quarter valued at about $6,458,529,000. AQR Capital Management LLC boosted its holdings in shares of Walmart by 188.1% in the third quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer’s stock valued at $1,199,907,000 after buying an additional 7,614,172 shares during the period. Geode Capital Management LLC boosted its stake in Walmart by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock worth $11,426,753,000 after purchasing an additional 6,517,394 shares during the period. Capital International Investors acquired a new position in shares of Walmart during the fourth quarter worth about $592,848,000. Finally, Vanguard Group Inc. boosted its position in Walmart by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock worth $49,015,626,000 after acquiring an additional 4,304,436 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WMT. BTIG Research restated a “buy” rating and set a $145.00 price objective on shares of Walmart in a research note on Wednesday, June 3rd. Wolfe Research reaffirmed an “outperform” rating and set a $137.00 price objective (up from $135.00) on shares of Walmart in a research report on Monday, May 11th. Truist Financial set a $140.00 target price on Walmart in a research report on Thursday, May 21st. 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. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $138.85.

Walmart Stock Performance

NASDAQ WMT opened at $117.18 on Friday. The stock has a market cap of $932.53 billion, a PE ratio of 41.12, a PEG ratio of 4.37 and a beta of 0.59. Walmart Inc. has a fifty-two week low of $94.23 and a fifty-two week high of $135.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The firm’s fifty day moving average price is $124.61 and its two-hundred day moving average price is $122.04.

Walmart (NASDAQ:WMT) last issued its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, equities analysts expect that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.63, for a total value of $2,303,320.08. Following the completion of the sale, the director directly owned 4,174,579 shares in the company, valued at $495,230,306.77. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $123.92, for a total value of $359,368.00. Following the completion of the sale, the executive vice president directly owned 577,853 shares of the company’s stock, valued at approximately $71,607,543.76. The trade was a 0.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 117,246 shares of company stock valued at $14,493,147 over the last quarter. 0.09% 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.