FLP Wealth Management LLC Sells 39,864 Shares of Walmart Inc. $WMT

FLP Wealth Management LLC cut its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 93.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,783 shares of the retailer’s stock after selling 39,864 shares during the quarter. Walmart accounts for approximately 0.3% of FLP Wealth Management LLC’s holdings, making the stock its 24th biggest holding. FLP Wealth Management LLC’s holdings in Walmart were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WMT. Vanguard Group Inc. lifted its stake in Walmart by 1.4% in the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after purchasing an additional 5,856,468 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in shares of Walmart by 397,264.9% in the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock worth $10,496,702,000 after buying an additional 104,488,610 shares during the period. Geode Capital Management LLC lifted its stake in shares of Walmart by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock valued at $9,199,712,000 after acquiring an additional 263,718 shares during the last quarter. Norges Bank purchased a new stake in Walmart during the 2nd quarter valued at about $5,367,770,000. Finally, Ameriprise Financial Inc. boosted its holdings in Walmart by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock valued at $3,126,775,000 after acquiring an additional 1,098,342 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,425 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $117.00, for a total transaction of $166,725.00. Following the transaction, the executive vice president owned 641,363 shares in the company, valued at approximately $75,039,471. This represents a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $114.91, for a total value of $1,508,193.75. Following the completion of the transaction, the executive vice president owned 733,841 shares of the company’s stock, valued at approximately $84,325,669.31. The trade was a 1.76% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 108,412 shares of company stock worth $11,741,699. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on WMT shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $122.00 price target (up from $118.00) on shares of Walmart in a research note on Friday, November 21st. BMO Capital Markets lifted their target price on shares of Walmart from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $135.00 price target on shares of Walmart in a report on Wednesday, December 17th. Jefferies Financial Group reissued a “buy” rating on shares of Walmart in a report on Tuesday, December 9th. 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-two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.54.

Walmart Stock Up 0.6%

Shares of Walmart stock opened at $111.56 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $108.05 and its two-hundred day simple moving average is $102.43. The company has a market cap of $889.15 billion, a P/E ratio of 39.01, a PEG ratio of 5.15 and a beta of 0.64. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $117.45.

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