Walmart Inc. $WMT Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lessened its holdings in Walmart Inc. (NASDAQ:WMT) by 1.2% in the fourth quarter, HoldingsChannel reports. The fund owned 564,680 shares of the retailer’s stock after selling 6,764 shares during the period. Walmart accounts for 2.0% of KCM Investment Advisors LLC’s portfolio, making the stock its 9th largest position. KCM Investment Advisors LLC’s holdings in Walmart were worth $62,911,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Walmart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock valued at $49,015,626,000 after acquiring an additional 4,304,436 shares during the period. State Street Corp boosted its position in shares of Walmart by 1.2% in the third quarter. State Street Corp now owns 184,805,978 shares of the retailer’s stock valued at $19,046,104,000 after acquiring an additional 2,242,364 shares during the period. Geode Capital Management LLC boosted its position in shares of Walmart by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock valued at $11,426,753,000 after acquiring an additional 6,517,394 shares during the period. Norges Bank bought a new stake in shares of Walmart in the fourth quarter valued at about $6,458,529,000. Finally, Fisher Asset Management LLC boosted its position in shares of Walmart by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer’s stock valued at $4,526,238,000 after acquiring an additional 328,229 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WMT. Truist Financial set a $140.00 target price on shares of Walmart in a research report on Thursday, May 21st. Rothschild & Co Redburn set a $150.00 price target on Walmart in a research note on Tuesday, February 17th. Wolfe Research reaffirmed an “outperform” rating and issued a $137.00 price target (up from $135.00) on shares of Walmart in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a research note on Monday, April 20th. Finally, Bank of America began coverage on Walmart in a research note on Friday, February 27th. They issued a “buy” rating and a $150.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.85.

Walmart Stock Up 0.4%

Shares of NASDAQ WMT opened at $121.04 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market cap of $963.25 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 4.52 and a beta of 0.59. Walmart Inc. has a 12 month low of $93.62 and a 12 month high of $135.15. The stock has a 50-day moving average price of $125.28 and a two-hundred day moving average price of $121.66.

Walmart (NASDAQ:WMT) last issued 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 during the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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, analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Activity

In other Walmart news, CEO John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $121.96, for a total transaction of $1,600,725.00. Following the completion of the transaction, the chief executive officer owned 687,287 shares of the company’s stock, valued at approximately $83,821,522.52. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher James Nicholas sold 2,900 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $123.92, for a total value of $359,368.00. Following the transaction, the executive vice president directly owned 577,853 shares of the company’s stock, valued at approximately $71,607,543.76. The trade was 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. In the last 90 days, insiders have sold 128,986 shares of company stock valued at $15,927,908. Corporate insiders own 0.09% of the company’s stock.

About Walmart

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.