Burney Co. Raises Stock Holdings in Walmart Inc. $WMT

Burney Co. boosted its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 22.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,330 shares of the retailer’s stock after purchasing an additional 33,432 shares during the quarter. Burney Co.’s holdings in Walmart were worth $19,100,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WMT. Revolve Wealth Partners LLC grew its holdings in Walmart by 1.0% during the 3rd quarter. Revolve Wealth Partners LLC now owns 9,926 shares of the retailer’s stock worth $1,023,000 after acquiring an additional 96 shares in the last quarter. Atlas Legacy Advisors LLC raised its stake in Walmart by 1.1% during the second quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock worth $851,000 after acquiring an additional 98 shares during the period. Meridian Wealth Partners LLC raised its position in shares of Walmart by 2.1% during the 2nd quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer’s stock worth $470,000 after purchasing an additional 99 shares during the period. Hickory Point Bank & Trust increased its position in Walmart by 1.3% in the third quarter. Hickory Point Bank & Trust now owns 7,706 shares of the retailer’s stock worth $794,000 after buying an additional 100 shares during the period. Finally, CogentBlue Wealth Advisors LLC lifted its position in Walmart by 2.9% in the 3rd quarter. CogentBlue Wealth Advisors LLC now owns 3,594 shares of the retailer’s stock valued at $370,000 after purchasing an additional 100 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated 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 $96,241,073.20. This trade represents a 1.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $107.18, for a total value of $2,081,006.88. Following the completion of the sale, the chief executive officer directly owned 4,354,162 shares of the company’s stock, valued at approximately $466,679,083.16. The trade was a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Over 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.

Walmart Stock Performance

Shares of WMT opened at $111.74 on Friday. The company has a market capitalization of $890.59 billion, a PE ratio of 39.07, a PEG ratio of 5.15 and a beta of 0.64. 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 company’s 50 day moving average price is $108.13 and its 200 day moving average price is $102.53. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $117.45.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, beating 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 business had revenue of $179.50 billion for the quarter, compared to analysts’ expectations of $175.15 billion. During the same period in the previous year, the company posted $0.58 EPS. Walmart’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. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group set a $130.00 price objective on shares of Walmart in a report on Wednesday, December 3rd. Cowen reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, December 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a research note on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating on shares of Walmart in a report on Tuesday, December 9th. Finally, CICC Research started coverage on shares of Walmart in a research note on Friday. They set an “outperform” rating and a $125.00 price objective for the company. Thirty-two 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 stock currently has an average rating of “Moderate Buy” and an average price target of $120.69.

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.