Tempo Wealth LLC Invests $1.50 Million in Walmart Inc. $WMT

Tempo Wealth LLC acquired a new stake in shares of Walmart Inc. (NASDAQ:WMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,454 shares of the retailer’s stock, valued at approximately $1,499,000.

Other institutional investors have also made changes to their positions in the company. Entrust Financial LLC bought a new stake in Walmart during the fourth quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new position in shares of Walmart in the third quarter valued at approximately $30,000. Beacon Financial Strategies CORP bought a new position in shares of Walmart in the fourth quarter valued at approximately $30,000. Bay Harbor Wealth Management LLC lifted its stake in shares of Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after buying an additional 105 shares during the last quarter. Finally, Clayton Financial Group LLC lifted its stake in shares of Walmart by 193.0% in the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock worth $33,000 after buying an additional 193 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WMT shares. Tigress Financial reiterated a “buy” rating and issued a $155.00 target price (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. DA Davidson set a $150.00 target price on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $120.00 price target on shares of Walmart in a report on Friday, February 20th. UBS Group set a $141.00 price target on Walmart and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Roth Mkm reiterated a “buy” rating and issued a $138.00 price objective on shares of Walmart in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.85.

Walmart Stock Performance

WMT opened at $117.18 on Friday. The stock’s 50 day simple moving average is $124.61 and its 200-day simple moving average is $122.04. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $932.53 billion, a PE ratio of 41.12, a P/E/G ratio of 4.37 and a beta of 0.59. Walmart Inc. has a 1 year low of $94.23 and a 1 year high of $135.15.

Walmart (NASDAQ:WMT) last issued its earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The firm had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. During the same period last year, the business earned $0.61 earnings per share. Walmart’s quarterly revenue was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.89 EPS for the current year.

Insider Activity at Walmart

In other news, EVP David W. Guggina sold 11,978 shares of Walmart stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the sale, the executive vice president directly owned 125,067 shares in the company, valued at approximately $14,985,527.94. The trade was a 8.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $123.16, for a total transaction of $2,391,274.56. Following the completion of the sale, the director directly owned 4,213,406 shares in the company, valued at approximately $518,923,082.96. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 117,246 shares of company stock worth $14,493,147 in the last ninety days. Company insiders own 0.09% of the company’s stock.

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.