Walmart Inc. $WMT Holdings Lifted by Park National Corp OH

Park National Corp OH raised its stake in shares of Walmart Inc. (NASDAQ:WMT) by 282.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 119,865 shares of the retailer’s stock after acquiring an additional 88,562 shares during the period. Park National Corp OH’s holdings in Walmart were worth $12,456,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Merkkuri Wealth Advisors LLC purchased a new stake in Walmart in the 1st quarter worth $29,000. Montgomery Financial Services LLC purchased a new stake in shares of Walmart in the second quarter worth about $32,000. Sankala Group LLC bought a new position in Walmart during the fourth quarter valued at approximately $33,000. Motiv8 Investments LLC purchased a new position in Walmart during the 4th quarter valued at approximately $34,000. Finally, Copos Capital S.a r.l. bought a new stake in Walmart in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WMT shares. Freedom Broker raised shares of Walmart from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $130.00 price objective (down from $140.00) on shares of Walmart in a research report on Friday, August 21st. UBS Group reduced their target price on shares of Walmart from $141.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Evercore set a $125.00 target price on shares of Walmart in a research report on Friday, August 21st. Finally, TD Cowen reiterated a “buy” rating on shares of Walmart in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.74.

Walmart Trading Up 0.5%

Walmart stock traded up $0.54 during mid-day trading on Monday, hitting $104.80. The company’s stock had a trading volume of 7,202,960 shares, compared to its average volume of 25,266,971. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. The company has a 50 day moving average of $108.81 and a 200-day moving average of $116.89. Walmart Inc. has a one year low of $98.88 and a one year high of $135.15. The stock has a market cap of $831.43 billion, a PE ratio of 37.85, a P/E/G ratio of 3.98 and a beta of 0.58.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The firm had revenue of $187.94 billion for the quarter, compared to analysts’ expectations of $186.64 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. 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, research analysts anticipate that Walmart Inc. will post 2.87 EPS for the current year.

Insider Activity at Walmart

In related news, CEO John Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $106.66, for a total value of $1,399,912.50. Following the completion of the sale, the chief executive officer owned 647,912 shares in the company, valued at approximately $69,106,293.92. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Nicholas sold 2,900 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $106.65, for a total value of $309,285.00. Following the transaction, the executive vice president owned 566,253 shares in the company, valued at $60,390,882.45. The trade was a 0.51% 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. Over the last ninety days, insiders sold 81,219 shares of company stock worth $8,604,429. Insiders own 0.09% of the company’s stock.

Walmart Profile

Walmart Inc (NASDAQ: WMT) is a multinational retailer that operates supercenters, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its merchandise includes groceries, apparel, electronics, home goods, health and wellness products, household essentials and general merchandise. Walmart also provides services such as grocery pickup and delivery, pharmacy services, financial products and digital advertising.

The company serves customers through its Walmart U.S., Walmart International and Sam’s Club segments.