Glenmede Trust Co. NA Trims Stake in Walmart Inc. $WMT

Glenmede Trust Co. NA reduced its holdings in Walmart Inc. (NASDAQ:WMT) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 951,368 shares of the retailer’s stock after selling 36,054 shares during the quarter. Glenmede Trust Co. NA’s holdings in Walmart were worth $118,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Entrust Financial LLC purchased a new position in shares of Walmart during the fourth quarter worth about $27,000. Merkkuri Wealth Advisors LLC purchased a new stake in Walmart in the first quarter valued at approximately $29,000. Bay Harbor Wealth Management LLC raised its stake in Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after purchasing an additional 105 shares in the last quarter. Clayton Financial Group LLC lifted its position in Walmart by 193.0% during the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after purchasing an additional 193 shares during the last quarter. Finally, Sankala Group LLC bought a new stake in Walmart during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.1%

WMT stock opened at $111.20 on Friday. The company has a market capitalization of $884.94 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 4.14 and a beta of 0.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a one year low of $95.42 and a one year high of $135.15. The company’s 50 day moving average price is $115.17 and its two-hundred day moving average price is $121.93.

Walmart (NASDAQ:WMT) last announced its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. 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 predict that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.63, for a total value of $2,303,320.08. Following the transaction, the director owned 4,174,579 shares in the company, valued at approximately $495,230,306.77. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of Walmart stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.97, for a total value of $1,308,670.00. Following the completion of the transaction, the executive vice president owned 120,203 shares in the company, valued at approximately $14,300,550.91. This represents a 8.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 67,729 shares of company stock valued at $8,124,931 over the last three months. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WMT shares. Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a report on Friday, July 17th. BNP Paribas Exane dropped their price objective on shares of Walmart from $147.00 to $146.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Sanford C. Bernstein set a $142.00 price objective on shares of Walmart and gave the stock an “outperform” rating in a report on Friday. Tigress Financial reiterated a “buy” rating and issued a $155.00 target price (up from $150.00) on shares of Walmart in a research report on Friday, May 29th. Finally, TD Cowen reissued a “buy” rating and issued a $150.00 target price (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.56.

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.