Walmart Inc. $WMT Shares Sold by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC lessened its position in shares of Walmart Inc. (NASDAQ:WMT) by 17.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,627 shares of the retailer’s stock after selling 4,710 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Walmart were worth $2,812,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Merkkuri Wealth Advisors LLC purchased a new stake in Walmart in the first quarter valued at approximately $29,000. Entrust Financial LLC purchased a new position in Walmart during the 4th quarter worth approximately $27,000. Beacon Financial Strategies CORP purchased a new position in Walmart during the 4th quarter worth approximately $30,000. Bay Harbor Wealth Management LLC lifted its stake in Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after acquiring an additional 105 shares during the period. Finally, Clayton Financial Group LLC boosted its holdings in shares of Walmart by 193.0% in the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after acquiring an additional 193 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

NASDAQ:WMT opened at $112.20 on Tuesday. 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 company has a fifty day moving average of $118.51 and a two-hundred day moving average of $122.11. The stock has a market capitalization of $892.90 billion, a PE ratio of 39.37, a P/E/G ratio of 4.26 and a beta of 0.60. Walmart Inc. has a fifty-two week low of $95.10 and a fifty-two week high of $135.15.

Walmart (NASDAQ:WMT) last announced its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WMT. BTIG Research reiterated a “buy” rating and issued a $145.00 price objective on shares of Walmart in a research note on Wednesday, June 3rd. Wolfe Research reaffirmed an “outperform” rating and issued a $137.00 price target (up from $135.00) on shares of Walmart in a report on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, May 22nd. KeyCorp reiterated an “overweight” rating on shares of Walmart in a research note on Friday, May 22nd. Finally, Truist Financial set a $140.00 price objective on Walmart in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.85.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 3,775 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total value of $413,891.00. Following the transaction, the executive vice president owned 630,009 shares in the company, valued at $69,074,186.76. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of Walmart stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $118.19, for a total value of $342,751.00. Following the completion of the sale, the executive vice president directly owned 574,953 shares in the company, valued at $67,953,695.07. This represents a 0.50% decrease in their ownership of the stock. 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 sold a total of 87,145 shares of company stock worth $10,691,920 in the last quarter. 0.09% of the stock is owned by insiders.

Walmart Company 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.