Parr Mcknight Wealth Management Group LLC Acquires 26,573 Shares of Walmart Inc. $WMT

Parr Mcknight Wealth Management Group LLC grew its stake in shares of Walmart Inc. (NASDAQ:WMT) by 75.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,981 shares of the retailer’s stock after acquiring an additional 26,573 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in Walmart were worth $6,441,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Provenance Wealth Advisors LLC raised its stake in Walmart by 82.9% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 17,496 shares of the retailer’s stock worth $1,818,000 after acquiring an additional 7,931 shares during the last quarter. Hughes Financial Services LLC lifted its position in Walmart by 8.1% during the 3rd quarter. Hughes Financial Services LLC now owns 2,764 shares of the retailer’s stock worth $287,000 after acquiring an additional 206 shares during the period. Integras Partners LLC grew its stake in Walmart by 5.6% during the 3rd quarter. Integras Partners LLC now owns 30,993 shares of the retailer’s stock valued at $3,221,000 after purchasing an additional 1,632 shares during the last quarter. Lyell Wealth Management LP grew its stake in Walmart by 1.9% during the 3rd quarter. Lyell Wealth Management LP now owns 132,134 shares of the retailer’s stock valued at $13,731,000 after purchasing an additional 2,451 shares during the last quarter. Finally, Associated Banc Corp purchased a new stake in Walmart during the 3rd quarter valued at about $10,763,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $124.86 on Wednesday. The stock has a market cap of $990.61 billion, a PE ratio of 45.08, a price-to-earnings-growth ratio of 4.61 and a beta of 0.53. The business has a 50-day simple moving average of $111.08 and a 200-day simple moving average of $118.46. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. Walmart Inc. has a 52-week low of $98.88 and a 52-week high of $135.15.

Walmart (NASDAQ:WMT) last issued its earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm 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 revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, equities analysts expect that Walmart Inc. will post 2.88 EPS for the current year.

Insider Buying and Selling

In related news, CTO Suresh Kumar sold 166,342 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $123.21, for a total value of $20,494,997.82. Following the completion of the transaction, the chief technology officer directly owned 1,632,223 shares in the company, valued at $201,106,195.83. The trade was a 9.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel Bartlett sold 3,990 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $104.41, for a total transaction of $416,595.90. Following the completion of the transaction, the executive vice president owned 618,359 shares of the company’s stock, valued at approximately $64,562,863.19. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 268,222 shares of company stock valued at $31,604,051 in the last three months. 0.09% of the stock is currently owned by company insiders.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart may be positioned to beat its next earnings estimates, according to Zacks, which points to its history of earnings surprises and factors supporting another potential beat. Why Walmart is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Walmart’s expanded Sparky AI shopping assistant could support holiday sales by helping customers shop and potentially encouraging larger orders. Can Walmart’s Expanded Sparky AI Boost Holiday Shopping and Sales?
• Positive Sentiment: A report says Walmart’s e-commerce sales are growing faster than Amazon’s, suggesting its online business is gaining momentum. 1 Stat That Makes Walmart Hard to Ignore This November
• Neutral Sentiment: CTO Suresh Kumar sold 166,342 shares, and EVP Daniel Bartlett sold 3,346 shares. Both trades were made under pre-arranged Rule 10b5-1 plans; the sales may draw attention, but do not necessarily indicate a change in their views of the company. Kumar SEC filing Bartlett SEC filing
• Negative Sentiment: Bearish commentary highlights Walmart’s high valuation, with one article returning to a “strong sell” rating and another warning that the valuation may be stretched. Valuation concerns could weigh on sentiment even as the business outlook remains constructive. Walmart: Back To The Strong Sell Rating Walmart’s Defensive Reputation and Valuation

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WMT shares. DA Davidson reissued a “buy” rating and issued a $132.00 price objective on shares of Walmart in a report on Thursday, September 10th. Tigress Financial reaffirmed a “buy” rating and set a $155.00 target price on shares of Walmart in a report on Monday, August 31st. Freedom Broker raised Walmart from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Morgan Stanley reiterated an “overweight” rating and issued a $125.00 target price (down from $140.00) on shares of Walmart in a research report on Friday, August 21st. Finally, Cantor Fitzgerald upgraded shares of Walmart to a “buy” rating in a report on Friday, August 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Buy” and an average target price of $132.41.

Walmart Profile

Walmart Inc (NASDAQ:WMT) operates a global retail business through a network of supercenters, supermarkets, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its stores and websites sell a broad assortment of merchandise, including groceries, consumables, health and wellness products, apparel, electronics, home goods, toys and other general merchandise.

The company organizes its operations into Walmart U.S., Walmart International and Sam’s Club U.S. Walmart U.S.