Walmart Inc. $WMT Stock Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC boosted its holdings in Walmart Inc. (NASDAQ:WMT) by 82.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,496 shares of the retailer’s stock after acquiring an additional 7,931 shares during the period. Provenance Wealth Advisors LLC’s holdings in Walmart were worth $1,818,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State Street Corp raised its position in shares of Walmart by 1.1% during the 2nd quarter. State Street Corp now owns 188,036,646 shares of the retailer’s stock worth $21,297,031,000 after purchasing an additional 2,107,781 shares during the period. Bank of America Corp DE acquired a new position in Walmart during the 2nd quarter valued at approximately $7,455,131,000. Bank of New York Mellon Corp boosted its position in Walmart by 6.4% during the 1st quarter. Bank of New York Mellon Corp now owns 28,142,040 shares of the retailer’s stock valued at $3,497,493,000 after purchasing an additional 1,681,353 shares during the period. Legal & General Group Plc acquired a new position in Walmart during the 2nd quarter valued at approximately $2,905,655,000. Finally, Amundi grew its stake in Walmart by 44.4% during the 2nd quarter. Amundi now owns 20,796,957 shares of the retailer’s stock worth $2,355,463,000 after buying an additional 6,393,326 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 3,990 shares of Walmart stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $104.41, for a total transaction of $416,595.90. Following the sale, the executive vice president directly owned 618,359 shares in the company, valued at $64,562,863.19. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $115.00, for a total transaction of $575,000.00. Following the completion of the sale, the executive vice president directly owned 110,432 shares of the company’s stock, valued at $12,699,680. The trade was a 4.33% 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. In the last 90 days, insiders have sold 268,222 shares of company stock valued at $31,604,051. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on WMT. Tigress Financial reaffirmed a “buy” rating and issued a $155.00 target price on shares of Walmart in a research report on Monday, August 31st. Wolfe Research reissued an “outperform” rating and set a $115.00 price target on shares of Walmart in a report on Friday, August 21st. Wells Fargo & Company lowered their price target on shares of Walmart from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, August 21st. BNP Paribas Exane restated an “outperform” rating and set a $137.00 price target (down from $146.00) on shares of Walmart in a research report on Friday, August 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Walmart in a report on Friday, August 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $132.41.

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

Walmart Stock Performance

Shares of NASDAQ WMT opened at $124.86 on Wednesday. Walmart Inc. has a 12-month low of $98.88 and a 12-month high of $135.15. The company has a market cap of $990.61 billion, a PE ratio of 45.08, a P/E/G ratio of 4.61 and a beta of 0.53. The stock has a 50 day simple moving average of $111.08 and a 200-day simple moving average of $118.46. 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 (NASDAQ:WMT) last posted its earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $187.94 billion for the quarter, compared to analysts’ expectations of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. 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 research analysts forecast that Walmart Inc. will post 2.88 EPS for the current year.

About Walmart

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.