iA Global Asset Management Inc. Purchases 8,270 Shares of Walmart Inc. $WMT

iA Global Asset Management Inc. boosted its position in shares of Walmart Inc. (NASDAQ:WMT) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 365,415 shares of the retailer’s stock after purchasing an additional 8,270 shares during the quarter. iA Global Asset Management Inc.’s holdings in Walmart were worth $37,660,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC raised its stake 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 buying an additional 96 shares during the period. Atlas Legacy Advisors LLC increased its holdings in shares of Walmart by 1.1% in 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 in the last quarter. Meridian Wealth Partners LLC raised its position in shares of Walmart by 2.1% during the second 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. Hemington Wealth Management lifted its holdings in shares of Walmart by 1.8% during the 3rd quarter. Hemington Wealth Management now owns 5,695 shares of the retailer’s stock valued at $586,000 after purchasing an additional 99 shares in the last quarter. Finally, Boomfish Wealth Group LLC lifted its holdings in shares of Walmart by 2.7% during the 3rd quarter. Boomfish Wealth Group LLC now owns 3,701 shares of the retailer’s stock valued at $381,000 after purchasing an additional 99 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WMT shares. Mizuho set a $125.00 target price on Walmart and gave the stock an “outperform” rating in a research note on Monday, January 5th. Morgan Stanley reiterated an “overweight” rating and issued a $135.00 price target (up previously from $125.00) on shares of Walmart in a report on Thursday, January 15th. Royal Bank Of Canada restated an “outperform” rating and set a $126.00 price objective (up from $123.00) on shares of Walmart in a report on Wednesday, January 14th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Walmart in a research report on Tuesday, December 9th. Finally, CICC Research initiated coverage on shares of Walmart in a research note on Friday, December 26th. They issued an “outperform” rating and a $125.00 target price for the company. Thirty-two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.03.

Insider Activity

In other Walmart news, EVP Donna Morris sold 9,384 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $120.19, for a total value of $1,127,862.96. Following the completion of the transaction, the executive vice president directly owned 536,312 shares in the company, valued at $64,459,339.28. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $111.83, for a total value of $2,171,291.28. Following the sale, the chief executive officer owned 4,315,333 shares in the company, valued at approximately $482,583,689.39. This represents a 0.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 115,799 shares of company stock valued at $12,990,803. Corporate insiders own 0.10% of the company’s stock.

Walmart Stock Down 1.3%

Walmart stock opened at $117.81 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. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $121.62. The company has a fifty day simple moving average of $112.76 and a 200 day simple moving average of $105.07. The company has a market cap of $938.93 billion, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 5.09 and a beta of 0.66.

Walmart (NASDAQ:WMT) last issued its quarterly 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. The firm had revenue of $179.50 billion for the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Company 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.