Cardinal Point Capital Management ULC Has $19 Million Position in Walmart Inc. $WMT

Cardinal Point Capital Management ULC boosted its holdings in Walmart Inc. (NASDAQ:WMT) by 3.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 170,480 shares of the retailer’s stock after acquiring an additional 5,672 shares during the quarter. Walmart accounts for approximately 1.2% of Cardinal Point Capital Management ULC’s portfolio, making the stock its 20th largest position. Cardinal Point Capital Management ULC’s holdings in Walmart were worth $18,995,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WMT. Vanguard Group Inc. raised its holdings in Walmart by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock worth $49,015,626,000 after purchasing an additional 4,304,436 shares during the period. State Street Corp raised its holdings in Walmart by 1.2% in the third quarter. State Street Corp now owns 184,805,978 shares of the retailer’s stock worth $19,046,104,000 after purchasing an additional 2,242,364 shares during the period. Fisher Asset Management LLC raised its holdings in Walmart by 1.6% in the third quarter. Fisher Asset Management LLC now owns 40,298,623 shares of the retailer’s stock worth $4,153,176,000 after purchasing an additional 634,211 shares during the period. Legal & General Group Plc raised its holdings in Walmart by 3.5% in the third quarter. Legal & General Group Plc now owns 27,268,463 shares of the retailer’s stock worth $2,810,288,000 after purchasing an additional 934,468 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in Walmart by 0.4% in the third quarter. Raymond James Financial Inc. now owns 24,990,692 shares of the retailer’s stock worth $2,575,541,000 after purchasing an additional 93,459 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.9%

Shares of WMT stock opened at $131.47 on Thursday. The firm has a fifty day moving average of $126.21 and a 200-day moving average of $118.87. 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 12-month low of $91.89 and a 12-month high of $134.69. The company has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 47.98, a P/E/G ratio of 4.85 and a beta of 0.65.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $190.66 billion during the quarter, compared to the consensus estimate of $188.37 billion. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 earnings per share. 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 research analysts predict that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 11th will be paid a $0.2475 dividend. This represents a $0.99 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 11th. Walmart’s payout ratio is presently 36.13%.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,335 shares of Walmart stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $124.63, for a total value of $166,381.05. Following the sale, the executive vice president directly owned 636,843 shares in the company, valued at approximately $79,369,743.09. The trade was a 0.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John D. Rainey sold 20,000 shares of Walmart stock in a transaction 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 owned 486,764 shares in the company, valued at $62,203,571.56. The trade was a 3.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 167,195 shares of company stock worth $20,975,804. 0.10% of the stock is owned by insiders.

Walmart News Roundup

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart’s restructuring appears aimed at streamlining operations and improving coordination across tech and AI teams, which could boost efficiency and profitability if executed well.
• Positive Sentiment: Analyst commentary ahead of earnings remains constructive, with reports highlighting Walmart’s strong earnings-surprise track record and arguing that its premium valuation is justified by growth and execution.
• Positive Sentiment: Pre-earnings research from major analysts has reiterated favorable views on Walmart, suggesting expectations remain high heading into the company’s quarterly report.
• Neutral Sentiment: The job cuts were reported to be part of an internal reorganization rather than a direct response to AI replacing workers, which limits the read-through to near-term fundamentals. Walmart lays off or relocates about 1,000 corporate workers, WSJ reports
• Neutral Sentiment: Several articles also framed the move as a broader digital-transformation effort, but the actual earnings impact is still unclear until Walmart reports results and guidance.
• Negative Sentiment: Layoffs can sometimes signal management caution or cost pressure, and investor reaction may be tempered by the fact that Walmart’s shares already trade at a premium valuation ahead of earnings.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a report on Monday, April 20th. Telsey Advisory Group increased their target price on shares of Walmart from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Wall Street Zen lowered shares of Walmart from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Tigress Financial set a $150.00 target price on shares of Walmart and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Bank of America assumed coverage on shares of Walmart in a research report on Friday, February 27th. They set a “buy” rating and a $150.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Walmart presently has an average rating of “Buy” and a consensus target price of $138.67.

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.