Franklin Street Advisors Inc. NC Has $16.53 Million Holdings in Walmart Inc. $WMT

Franklin Street Advisors Inc. NC cut its position in shares of Walmart Inc. (NASDAQ:WMT) by 6.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,952 shares of the retailer’s stock after selling 10,609 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Walmart were worth $16,530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MFA Wealth Services lifted its position in shares of Walmart by 0.7% in the 1st quarter. MFA Wealth Services now owns 10,909 shares of the retailer’s stock valued at $1,356,000 after acquiring an additional 80 shares in the last quarter. Realta Investment Advisors grew its position in Walmart by 2.0% during the 1st quarter. Realta Investment Advisors now owns 4,089 shares of the retailer’s stock worth $508,000 after purchasing an additional 81 shares in the last quarter. Compton Financial Group LLC grew its position in Walmart by 4.1% during the 1st quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer’s stock worth $259,000 after purchasing an additional 82 shares in the last quarter. Renaissance Group LLC raised its stake in Walmart by 0.9% during the 4th quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock valued at $1,074,000 after purchasing an additional 83 shares during the period. Finally, Calton & Associates Inc. raised its stake in Walmart by 0.3% during the 4th quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock valued at $3,033,000 after purchasing an additional 84 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other Walmart news, 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 owned 125,067 shares in the company, valued at $14,985,527.94. The trade was a 8.74% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of the company’s 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 directly owned 120,203 shares in the company, valued at approximately $14,300,550.91. The trade was a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 71,439 shares of company stock valued at $8,544,532. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WMT. BTIG Research reaffirmed a “buy” rating and issued a $145.00 target price on shares of Walmart in a research report on Wednesday, June 3rd. Truist Financial set a $140.00 price target on Walmart in a research report on Thursday, May 21st. Evercore reissued an “outperform” rating on shares of Walmart in a research note on Monday, May 18th. KeyCorp restated an “overweight” rating on shares of Walmart in a research report on Friday, May 22nd. Finally, Wolfe Research restated an “outperform” rating and set a $137.00 price objective (up from $135.00) on shares of Walmart in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.56.

Walmart Stock Performance

Shares of NASDAQ:WMT opened at $111.85 on Monday. The firm has a fifty day moving average of $114.50 and a two-hundred day moving average of $121.67. The firm has a market capitalization of $890.11 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 4.17 and a beta of 0.61. Walmart Inc. has a 12-month low of $95.42 and a 12-month high of $135.15. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The business had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. During the same period in the prior year, the business posted $0.61 earnings per share. Walmart’s revenue for the quarter 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, equities analysts expect that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Walmart Company 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.