New World Advisors LLC Makes New Investment in Walmart Inc. $WMT

New World Advisors LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the 2nd quarter, HoldingsChannel reports. The fund bought 2,550 shares of the retailer’s stock, valued at approximately $249,000.

A number of other hedge funds also recently made changes to their positions in WMT. Aviva PLC raised its holdings in shares of Walmart by 16.4% in the 2nd quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock worth $374,861,000 after purchasing an additional 539,504 shares during the period. Weatherly Asset Management L. P. increased its position in Walmart by 7.0% in the second quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock worth $5,489,000 after buying an additional 3,696 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its stake in shares of Walmart by 34.6% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock valued at $3,355,000 after buying an additional 9,831 shares during the period. Ally Financial Inc. purchased a new position in shares of Walmart during the 1st quarter valued at $2,107,000. Finally, Night Squared LP bought a new position in shares of Walmart during the 1st quarter worth $1,052,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WMT shares. Robert W. Baird boosted their price objective on Walmart from $110.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday. KeyCorp reissued an “overweight” rating and issued a $120.00 price target (up previously from $110.00) on shares of Walmart in a research report on Friday. Bank of America raised their price objective on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a research note on Wednesday, October 8th. Finally, BTIG Research restated a “buy” rating and set a $125.00 target price (up previously from $120.00) on shares of Walmart in a research report on Friday. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.55.

Walmart Trading Down 1.7%

Walmart stock opened at $105.29 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $109.57. The stock has a market cap of $839.46 billion, a P/E ratio of 39.58, a PEG ratio of 4.83 and a beta of 0.67. The firm’s fifty day moving average price is $103.52 and its 200-day moving average price is $99.89.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business had revenue of $179.50 billion during the quarter, compared to analysts’ expectations of $175.15 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total value of $1,863,353.52. Following the sale, the chief executive officer directly owned 4,392,985 shares of the company’s stock, valued at $421,594,770.45. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the completion of the transaction, the executive vice president directly owned 892,940 shares of the company’s stock, valued at approximately $96,241,073.20. This represents a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 137,888 shares of company stock valued at $14,241,903 in the last 90 days. 0.10% of the stock is owned by company insiders.

About Walmart

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.