Exchange Traded Concepts LLC Sells 64,740 Shares of Walmart Inc. $WMT

Exchange Traded Concepts LLC decreased its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 23.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,422 shares of the retailer’s stock after selling 64,740 shares during the period. Exchange Traded Concepts LLC’s holdings in Walmart were worth $22,304,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WMT. Access Investment Management LLC bought a new position in Walmart during the 2nd quarter valued at approximately $26,000. PFS Partners LLC grew its stake in shares of Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after acquiring an additional 233 shares during the last quarter. Ridgewood Investments LLC increased its holdings in shares of Walmart by 55.3% during the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after acquiring an additional 115 shares in the last quarter. Livelsberger Financial Advisory bought a new position in shares of Walmart during the second quarter valued at $44,000. Finally, Harbor Asset Planning Inc. purchased a new position in shares of Walmart in the 2nd quarter worth about $46,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Down 1.5%

Shares of NASDAQ:WMT opened at $112.60 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. The stock has a market capitalization of $897.44 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 5.28 and a beta of 0.64. The stock’s 50-day simple moving average is $107.82 and its two-hundred day simple moving average is $102.20. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $117.45.

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

Analysts Set New Price Targets

Several brokerages recently commented on WMT. Royal Bank Of Canada reissued an “outperform” rating and set a $123.00 price objective on shares of Walmart in a research report on Tuesday, December 9th. BTIG Research reiterated a “buy” rating and set a $125.00 price target (up previously from $120.00) on shares of Walmart in a report on Friday, November 21st. Wells Fargo & Company restated an “overweight” rating and issued a $130.00 price objective (up from $120.00) on shares of Walmart in a report on Friday. Wolfe Research started coverage on Walmart in a research report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price objective on the stock. Finally, Robert W. Baird lifted their target price on Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Thirty-one equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.54.

Insider Buying and Selling

In related news, SVP David Chojnowski sold 7,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total value of $746,550.00. Following the completion of the sale, the senior vice president directly owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. This represents a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the completion of the sale, the executive vice president directly owned 892,940 shares of the company’s stock, valued at approximately $96,241,073.20. This trade represents a 1.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 127,828 shares of company stock valued at $13,745,625. Insiders own 0.10% of the company’s stock.

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.