Infusive Asset Management Inc. Sells 45,730 Shares of Walmart Inc. $WMT

Infusive Asset Management Inc. cut its holdings in Walmart Inc. (NASDAQ:WMT) by 25.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 132,585 shares of the retailer’s stock after selling 45,730 shares during the quarter. Walmart accounts for 6.3% of Infusive Asset Management Inc.’s investment portfolio, making the stock its largest holding. Infusive Asset Management Inc.’s holdings in Walmart were worth $14,771,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Entrust Financial LLC acquired a new position in Walmart in the fourth quarter valued at approximately $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of Walmart during the third quarter worth approximately $30,000. Beacon Financial Strategies CORP acquired a new position in shares of Walmart during the fourth quarter worth approximately $30,000. Bay Harbor Wealth Management LLC raised its position in shares of Walmart by 57.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after purchasing an additional 105 shares during the period. Finally, Clayton Financial Group LLC raised its position in shares of Walmart by 193.0% during the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock worth $33,000 after purchasing an additional 193 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WMT shares. Bank of America started coverage on Walmart in a research report on Friday, February 27th. They set a “buy” rating and a $150.00 target price on the stock. Truist Financial set a $140.00 target price on Walmart in a research report on Thursday, May 21st. BTIG Research reaffirmed a “buy” rating and set a $145.00 target price on shares of Walmart in a research report on Wednesday, June 3rd. Piper Sandler reaffirmed an “overweight” rating on shares of Walmart in a research report on Monday, June 8th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.85.

Walmart Trading Up 0.4%

Shares of Walmart stock opened at $121.04 on Friday. The stock has a fifty day simple moving average of $125.28 and a 200 day simple moving average of $121.66. Walmart Inc. has a 12-month low of $93.62 and a 12-month high of $135.15. The company has a market capitalization of $963.25 billion, a P/E ratio of 42.47, a price-to-earnings-growth ratio of 4.52 and a beta of 0.59. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $174.84 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. Walmart’s revenue 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, sell-side analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, CEO John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $121.96, for a total value of $1,600,725.00. Following the completion of the transaction, the chief executive officer owned 687,287 shares in the company, valued at $83,821,522.52. This represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher James Nicholas sold 2,900 shares of the company’s stock in a transaction on 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 transaction, the executive vice president owned 577,853 shares of the company’s stock, valued at $71,607,543.76. This trade represents a 0.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 128,986 shares of company stock worth $15,927,908. Company insiders own 0.09% of the company’s stock.

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.