Glenview Trust Co Boosts Stake in Walmart Inc. $WMT

Glenview Trust Co boosted its holdings in Walmart Inc. (NASDAQ:WMT) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 880,273 shares of the retailer’s stock after acquiring an additional 7,528 shares during the quarter. Walmart accounts for about 1.7% of Glenview Trust Co’s investment portfolio, making the stock its 14th largest position. Glenview Trust Co’s holdings in Walmart were worth $109,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MFA Wealth Services grew its holdings in shares of Walmart by 0.7% during the first quarter. MFA Wealth Services now owns 10,909 shares of the retailer’s stock worth $1,356,000 after purchasing an additional 80 shares in the last quarter. Realta Investment Advisors raised its stake in Walmart by 2.0% in the first quarter. Realta Investment Advisors now owns 4,089 shares of the retailer’s stock valued at $508,000 after purchasing an additional 81 shares in the last quarter. Compton Financial Group LLC lifted its position in Walmart by 4.1% during the first quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer’s stock valued at $259,000 after purchasing an additional 82 shares during the last quarter. Renaissance Group LLC lifted its position in Walmart by 0.9% during the fourth quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock valued at $1,074,000 after purchasing an additional 83 shares during the last quarter. Finally, Calton & Associates Inc. lifted its position in Walmart by 0.3% during the fourth quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock valued at $3,033,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 1.8%

Shares of WMT opened at $112.20 on Tuesday. Walmart Inc. has a fifty-two week low of $95.10 and a fifty-two week high of $135.15. The firm has a market cap of $892.90 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 4.26 and a beta of 0.60. The firm has a 50 day moving average price of $118.51 and a 200-day moving average price of $122.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77.

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

Insider Buying and Selling at Walmart

In other news, EVP David W. Guggina sold 11,978 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the transaction, the executive vice president directly owned 125,067 shares of the company’s stock, valued at approximately $14,985,527.94. This trade represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.63, for a total value of $2,303,320.08. Following the completion of the transaction, the director owned 4,174,579 shares in the company, valued at approximately $495,230,306.77. This represents a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 87,145 shares of company stock valued at $10,691,920. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WMT shares. BMO Capital Markets reissued an “outperform” rating on shares of Walmart in a report on Friday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $137.00 target price (down from $140.00) on shares of Walmart in a research report on Friday, May 22nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research note on Monday, June 8th. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a research report on Friday. Finally, Guggenheim lifted their price target on Walmart from $120.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.85.

About Walmart

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.