Core Capital Management & Research inc. Acquires New Position in Walmart Inc. $WMT

Core Capital Management & Research inc. bought a new position in Walmart Inc. (NASDAQ:WMT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,438 shares of the retailer’s stock, valued at approximately $579,000.

Several other large investors have also added to or reduced their stakes in the company. Entrust Financial LLC bought a new stake in shares of Walmart during the 4th quarter valued at $27,000. Merkkuri Wealth Advisors LLC bought a new position in Walmart in the 1st quarter worth $29,000. Montgomery Financial Services LLC purchased a new stake in Walmart in the 2nd quarter worth $32,000. Sankala Group LLC bought a new stake in Walmart during the fourth quarter valued at about $33,000. Finally, Motiv8 Investments LLC bought a new stake in Walmart during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.2%

WMT opened at $105.83 on Thursday. The stock has a 50-day moving average of $110.45 and a 200 day moving average of $119.08. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41. Walmart Inc. has a 12 month low of $98.88 and a 12 month high of $135.15. The firm has a market cap of $839.63 billion, a P/E ratio of 38.21, a P/E/G ratio of 4.05 and a beta of 0.59.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $187.94 billion for the quarter, compared to the consensus estimate of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%.The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.87 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 3,950 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $105.14, for a total transaction of $415,303.00. Following the transaction, the executive vice president owned 622,349 shares in the company, valued at $65,433,773.86. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Nicholas sold 2,900 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $106.34, for a total transaction of $308,386.00. Following the completion of the sale, the executive vice president directly owned 569,153 shares in the company, valued at approximately $60,523,730.02. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 69,264 shares of company stock worth $7,401,242. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Walmart from $141.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 21st. Piper Sandler reissued an “overweight” rating and set a $128.00 target price (down from $137.00) on shares of Walmart in a research note on Friday, August 21st. DA Davidson set a $132.00 price target on Walmart and gave the stock a “buy” rating in a report on Friday, August 21st. Erste Group Bank downgraded Walmart from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a report on Friday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.88.

Walmart Profile

Walmart Inc is a multinational retail and technology company that operates supercenters, discount stores, neighborhood markets, e-commerce platforms and membership warehouse clubs. Its merchandise includes groceries, apparel, electronics, home goods, health and beauty products, general merchandise and other consumer products.

Founded by Sam Walton in 1962 and incorporated in 1969, Walmart is headquartered in Bentonville, Arkansas. The company serves customers through operations in the United States and international markets, including Mexico, Canada, China, India and several countries in Central America and Africa.