Berry Wealth Group LP Cuts Holdings in Walmart Inc. $WMT

Berry Wealth Group LP decreased its position in shares of Walmart Inc. (NASDAQ:WMTFree Report) by 86.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,165 shares of the retailer’s stock after selling 50,359 shares during the period. Walmart makes up about 2.7% of Berry Wealth Group LP’s investment portfolio, making the stock its 10th largest position. Berry Wealth Group LP’s holdings in Walmart were worth $841,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new position in Walmart during the 3rd quarter worth approximately $1,709,000. CWM LLC increased its stake in shares of Walmart by 24.2% in the third quarter. CWM LLC now owns 1,175,703 shares of the retailer’s stock worth $121,168,000 after acquiring an additional 229,220 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Walmart by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 5,091,126 shares of the retailer’s stock worth $497,771,000 after purchasing an additional 42,645 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Walmart by 16.6% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 63,782 shares of the retailer’s stock valued at $6,567,000 after purchasing an additional 9,061 shares during the period. Finally, Aviva PLC boosted its holdings in Walmart by 16.4% in the second quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock valued at $374,861,000 after purchasing an additional 539,504 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

More Walmart News

Here are the key news stories impacting Walmart this week:

Analysts Set New Price Targets

WMT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $120.00 target price on Walmart in a report on Friday, February 20th. KeyCorp restated an “overweight” rating and issued a $145.00 price objective (up from $128.00) on shares of Walmart in a research report on Friday, February 13th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $140.00 price objective (up from $130.00) on shares of Walmart in a research note on Tuesday, February 10th. CICC Research began coverage on shares of Walmart in a report on Friday, December 26th. They set an “outperform” rating and a $125.00 target price for the company. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $138.00 price target on shares of Walmart in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $134.42.

Get Our Latest Stock Report on WMT

Walmart Stock Down 3.5%

NASDAQ WMT opened at $123.31 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.79 and a debt-to-equity ratio of 0.38. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $134.69. The business’s fifty day simple moving average is $121.63 and its 200-day simple moving average is $110.77. The firm has a market cap of $982.80 billion, a PE ratio of 45.00, a P/E/G ratio of 4.76 and a beta of 0.66.

Walmart (NASDAQ:WMTGet Free Report) last issued its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The company had revenue of $190.66 billion during the quarter, compared to analyst estimates of $188.37 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be given a dividend of $0.2475 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 0.8%. Walmart’s dividend payout ratio is currently 36.13%.

Insiders Place Their Bets

In other Walmart news, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $126.71, for a total value of $2,460,201.36. Following the sale, the director owned 4,023,209 shares of the company’s stock, valued at $509,780,812.39. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $127.79, for a total transaction of $2,555,800.00. Following the completion of the sale, the executive vice president directly owned 486,764 shares in the company, valued at approximately $62,203,571.56. This trade represents a 3.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 279,703 shares of company stock valued at $34,140,843. 0.10% of the stock is owned by company insiders.

About Walmart

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Walmart (NASDAQ:WMT)

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