Hobbs Wealth Management LLC Sells 1,005 Shares of Walmart Inc. $WMT

Hobbs Wealth Management LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 21.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,689 shares of the retailer’s stock after selling 1,005 shares during the quarter. Hobbs Wealth Management LLC’s holdings in Walmart were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Access Investment Management LLC bought a new position in Walmart during the 2nd quarter worth about $26,000. Operose Advisors LLC lifted its position in shares of Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after purchasing an additional 243 shares during the period. PFS Partners LLC boosted its stake in shares of Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after purchasing an additional 233 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after buying an additional 294 shares during the period. Finally, Ridgewood Investments LLC raised its stake in Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after buying an additional 115 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 2.1%

Walmart stock opened at $109.21 on Thursday. The business’s 50-day simple moving average is $103.70 and its two-hundred day simple moving average is $100.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The company has a market cap of $870.70 billion, a PE ratio of 41.06, a PEG ratio of 4.83 and a beta of 0.67. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $109.59.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. Walmart’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $101.18, for a total transaction of $222,596.00. Following the completion of the transaction, the executive vice president directly owned 619,518 shares in the company, valued at approximately $62,682,831.24. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Chojnowski sold 7,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total transaction of $746,550.00. Following the completion of the transaction, the senior vice president owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 138,597 shares of company stock valued at $14,499,943 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Guggenheim reiterated a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Walmart in a report on Friday, November 21st. Tigress Financial lifted their target price on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Wells Fargo & Company set a $120.00 price target on shares of Walmart and gave the company an “overweight” rating in a research report on Friday, November 21st. BMO Capital Markets boosted their price objective on shares of Walmart from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $116.00 target price on shares of Walmart in a research report on Friday, November 21st. Thirty-one analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $118.55.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.