Ameriprise Financial Inc. Grows Stake in Walmart Inc. $WMT

Ameriprise Financial Inc. grew its stake in shares of Walmart Inc. (NASDAQ:WMT) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,973,329 shares of the retailer’s stock after acquiring an additional 1,098,342 shares during the quarter. Walmart comprises approximately 0.8% of Ameriprise Financial Inc.’s portfolio, making the stock its 11th biggest position. Ameriprise Financial Inc. owned approximately 0.40% of Walmart worth $3,126,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after acquiring an additional 485 shares during the period. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Walmart by 84.6% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 19,196 shares of the retailer’s stock valued at $1,685,000 after acquiring an additional 8,798 shares during the last quarter. Cookson Peirce & Co. Inc. grew its stake in shares of Walmart by 46.7% in the first quarter. Cookson Peirce & Co. Inc. now owns 4,208 shares of the retailer’s stock worth $369,000 after acquiring an additional 1,340 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in shares of Walmart during the first quarter valued at approximately $510,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $109.57, for a total value of $2,127,411.12. Following the completion of the transaction, the chief executive officer directly owned 4,334,747 shares of the company’s stock, valued at approximately $474,958,228.79. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $111.23, for a total transaction of $244,706.00. Following the completion of the sale, the executive vice president owned 617,318 shares in the company, valued at $68,664,281.14. This represents a 0.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 128,013 shares of company stock valued at $13,553,747. 0.10% of the stock is owned by insiders.

Walmart Stock Performance

NASDAQ:WMT opened at $116.70 on Friday. The stock has a 50-day moving average price of $106.31 and a 200 day moving average price of $101.46. The stock has a market capitalization of $930.12 billion, a P/E ratio of 40.80, a P/E/G ratio of 5.34 and a beta of 0.64. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $116.95. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WMT shares. Piper Sandler restated an “overweight” rating and issued a $123.00 target price (up previously from $111.00) on shares of Walmart in a report on Friday, November 21st. Cowen reiterated a “buy” rating on shares of Walmart in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Jefferies Financial Group reiterated a “buy” rating on shares of Walmart in a research report on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Walmart from $110.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Thirty-one research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $119.31.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.