Walmart Inc. $WMT Stock Holdings Reduced by Midwest Trust Co

Midwest Trust Co reduced its position in Walmart Inc. (NASDAQ:WMT) by 3.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 819,110 shares of the retailer’s stock after selling 26,997 shares during the quarter. Walmart makes up about 1.3% of Midwest Trust Co’s investment portfolio, making the stock its 15th largest holding. Midwest Trust Co’s holdings in Walmart were worth $101,799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Entrust Financial LLC acquired a new position in Walmart in the fourth quarter worth approximately $27,000. Merkkuri Wealth Advisors LLC acquired a new stake in Walmart in the first quarter valued at approximately $29,000. Beacon Financial Strategies CORP acquired a new stake in Walmart in the fourth quarter valued at approximately $30,000. Bay Harbor Wealth Management LLC grew its position in Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after acquiring an additional 105 shares in the last quarter. Finally, Clayton Financial Group LLC grew its position in Walmart by 193.0% in the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock worth $33,000 after acquiring an additional 193 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $124.84, for a total value of $1,638,525.00. Following the transaction, the chief executive officer directly owned 674,162 shares in the company, valued at approximately $84,162,384.08. The trade was a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total value of $1,435,203.96. Following the transaction, the executive vice president directly owned 125,067 shares of the company’s stock, valued at $14,985,527.94. This represents a 8.74% 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 sold a total of 104,505 shares of company stock valued at $12,858,514 in the last ninety days. Company insiders own 0.09% of the company’s stock.

Walmart News Summary

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart is rolling out more wellness benefits at Sam’s Club, including Weight Watchers perks, which could deepen member loyalty, support renewals, and boost recurring membership revenue. Article Title
• Positive Sentiment: Walmart is also getting attention for broad price cuts across groceries and household staples, which should help reinforce its reputation as a defensive, inflation-fighting retailer and drive traffic to stores and clubs. Article Title
• Positive Sentiment: Jim Cramer said Walmart is one of the “greatest companies on earth” and called the recent pullback an “incredible buying opportunity,” helping support sentiment around the stock. Article Title
• Neutral Sentiment: Commentary around Walmart’s health event and its AI shopping efforts highlights longer-term strategic investments, but these items are more thematic than immediate catalysts for the stock. Article Title
• Neutral Sentiment: Coverage comparing Walmart’s AI shopping race with Amazon underscores competitive pressure in retail tech, but it does not point to any near-term operational setback for Walmart. Article Title

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Tigress Financial restated a “buy” rating and set a $155.00 price target (up from $150.00) on shares of Walmart in a report on Friday, May 29th. Piper Sandler reissued an “overweight” rating on shares of Walmart in a research report on Monday, June 8th. BNP Paribas Exane cut their target price on Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. TD Cowen reaffirmed a “buy” rating and issued a $150.00 price target (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Finally, Truist Financial set a $140.00 price target on Walmart in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.85.

Walmart Stock Performance

Shares of NASDAQ WMT traded up $1.69 during trading hours on Friday, hitting $113.90. 12,452,368 shares of the stock were exchanged, compared to its average volume of 21,901,888. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23. The company’s 50 day moving average is $120.48 and its 200 day moving average is $121.96. The firm has a market capitalization of $906.43 billion, a P/E ratio of 39.97, a P/E/G ratio of 4.25 and a beta of 0.60. Walmart Inc. has a one year low of $94.23 and a one year high of $135.15.

Walmart (NASDAQ:WMT) last announced its earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. 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, research analysts expect that Walmart Inc. will post 2.89 EPS for the current year.

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.