Walmart Inc. $WMT Shares Purchased by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC lifted its stake in shares of Walmart Inc. (NASDAQ:WMT) by 487.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,627 shares of the retailer’s stock after buying an additional 17,113 shares during the period. Greenup Street Wealth Management LLC’s holdings in Walmart were worth $2,144,000 at the end of the most recent quarter.

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

Insider Activity

In related news, EVP Daniel Danker sold 50,644 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $105.35, for a total value of $5,335,345.40. Following the transaction, the executive vice president owned 201,672 shares in the company, valued at $21,246,145.20. The trade was a 20.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Christopher Nicholas sold 2,900 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $120.60, for a total transaction of $349,740.00. Following the completion of the transaction, the executive vice president owned 563,353 shares in the company, valued at approximately $67,940,371.80. This represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 102,244 shares of company stock valued at $11,112,044. 0.09% of the stock is currently owned by insiders.

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Energy investment expands Walmart’s customer offerings: Walmart is making a strategic investment in Base Power and will offer the company’s home battery systems to Walmart customers and Sam’s Club members beginning in November. The systems are designed to reduce energy costs and provide backup power, creating a potential new customer benefit while expanding Walmart’s ecosystem beyond traditional retail. Walmart and Base Power announce strategic agreement
• Positive Sentiment: Major automation agreement with Symbotic: Walmart expanded its commercial relationship with warehouse-automation provider Symbotic in a deal valued at approximately $6 billion. Greater automation could improve fulfillment capacity, labor efficiency and inventory management, although the investment also carries execution and capital-spending risks. Symbotic stock jumps on Walmart automation deal
• Positive Sentiment: Strong fundamentals continue to support the stock: Walmart’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with revenue rising year over year. Analysts and market commentary continue to highlight earnings growth and price strength as reasons to remain constructive on WMT. Earnings growth and price strength make Walmart a stock to watch
• Neutral Sentiment: Healthcare expansion offers a longer-term growth avenue: Walmart has broadened its Better Care Services platform into a healthcare marketplace connecting customers with third-party providers. The initiative could increase customer engagement, but its financial contribution is not yet clear. Walmart launched a healthcare services marketplace
• Negative Sentiment: Competitive and regulatory concerns remain: DoorDash’s proposed $17 billion acquisition of Instacart is intended partly to strengthen competition with Walmart and Amazon in local commerce and grocery delivery. Separately, the FTC is seeking information from Walmart about the use of personal data in personalized pricing, creating potential compliance and reputational risks. FTC orders Walmart and others to share pricing data information
• Negative Sentiment: Valuation comparisons could limit upside: Walmart trades at a substantially higher earnings multiple than Target, while commentary suggests Walmart’s comparable-sales growth may be moderating. That premium leaves the stock more exposed if growth expectations weaken. Target trades at a fraction of Walmart’s valuation

Walmart Stock Performance

Walmart stock opened at $123.51 on Friday. Walmart Inc. has a twelve month low of $98.88 and a twelve month high of $135.15. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $979.90 billion, a P/E ratio of 44.59, a PEG ratio of 4.38 and a beta of 0.58. The stock’s 50 day moving average is $110.23 and its 200 day moving average is $118.40.

Walmart (NASDAQ:WMT) last announced 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. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The business had revenue of $187.94 billion during the quarter, compared to analysts’ expectations of $186.64 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. 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 predict that Walmart Inc. will post 2.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on WMT. Guggenheim set a $130.00 price target on Walmart and gave the company a “buy” rating in a research report on Friday, August 21st. Freedom Broker upgraded Walmart from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. BNP Paribas Exane reissued an “outperform” rating and set a $137.00 price objective (down from $146.00) on shares of Walmart in a research report on Friday, August 21st. JPMorgan Chase & Co. dropped their target price on shares of Walmart from $137.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $126.00 target price on shares of Walmart in a research report on Friday, August 21st. Four investment 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 stock. Based on data from MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $132.41.

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.