TritonPoint Partners LLC Makes New Investment in Walmart Inc. $WMT

TritonPoint Partners LLC bought a new position in Walmart Inc. (NASDAQ:WMT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 22,092 shares of the retailer’s stock, valued at approximately $2,466,000. Walmart makes up about 1.3% of TritonPoint Partners LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. Brighton Jones LLC lifted its stake in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after acquiring an additional 21,939 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after purchasing an additional 485 shares in the last quarter. Peterson Wealth Management raised its holdings in Walmart by 3.5% during the first quarter. Peterson Wealth Management now owns 50,307 shares of the retailer’s stock worth $4,416,000 after buying an additional 1,715 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Walmart by 0.9% during the second quarter. Sivia Capital Partners LLC now owns 13,008 shares of the retailer’s stock worth $1,272,000 after buying an additional 116 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of Walmart by 1.2% in the second quarter. Schnieders Capital Management LLC. now owns 91,341 shares of the retailer’s stock valued at $8,931,000 after purchasing an additional 1,048 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on 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 directly owned 4,174,579 shares of the company’s stock, valued at approximately $495,230,306.77. This represents a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were 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 directly owned 687,287 shares in the company, valued at $83,821,522.52. This trade represents a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 128,986 shares of company stock worth $15,927,908 in the last three months. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMT. Royal Bank Of Canada restated an “outperform” rating and issued a $137.00 target price (down from $140.00) on shares of Walmart in a report on Friday, May 22nd. Bank of America began coverage on Walmart in a research report on Friday, February 27th. They issued a “buy” rating and a $150.00 target price for the company. Freedom Capital raised Walmart from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Craig Hallum set a $150.00 price target on Walmart in a research report on Friday, March 6th. Finally, Rothschild & Co Redburn set a $150.00 target price on Walmart in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.85.

Walmart Stock Down 0.2%

Shares of NASDAQ:WMT opened at $120.82 on Tuesday. Walmart Inc. has a 1 year low of $93.62 and a 1 year high of $135.15. The company has a market cap of $961.50 billion, a PE ratio of 42.39, a P/E/G ratio of 4.52 and a beta of 0.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23. The stock’s 50-day moving average is $125.18 and its 200 day moving average is $121.88.

Walmart (NASDAQ:WMT) last posted its 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 return on equity of 21.25% and a net margin of 3.13%.The firm had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The business’s revenue for the quarter 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. Sell-side analysts anticipate that Walmart Inc. will post 2.89 EPS for the current year.

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.