Financial Solutions Advisory Group Inc. Purchases New Stake in Walmart Inc. $WMT

Financial Solutions Advisory Group Inc. acquired a new position in shares of Walmart Inc. (NASDAQ:WMT) during the 1st quarter, Holdings Channel.com reports. The firm acquired 7,098 shares of the retailer’s stock, valued at approximately $882,000.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Walmart during the first quarter worth $29,000. Entrust Financial LLC acquired a new position in shares of Walmart in the 4th quarter valued at about $27,000. Bay Harbor Wealth Management LLC boosted its holdings in shares of Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after buying an additional 105 shares during the period. Clayton Financial Group LLC grew its position in shares of Walmart by 193.0% during the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after buying an additional 193 shares during the last quarter. Finally, Sankala Group LLC bought a new stake in shares of Walmart during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP Latriece Watkins sold 11,000 shares of Walmart stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the sale, the executive vice president owned 120,203 shares of the company’s stock, valued at $14,300,550.91. The trade was a 8.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.63, for a total value of $2,303,320.08. Following the transaction, the director owned 4,174,579 shares of the company’s stock, valued at $495,230,306.77. This trade represents a 0.46% 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. Over the last three months, insiders sold 67,729 shares of company stock worth $8,124,931. 0.09% of the stock is owned by company insiders.

Walmart Trading Up 0.1%

Walmart stock opened at $111.20 on Friday. Walmart Inc. has a 52-week low of $95.42 and a 52-week 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 0.42. The firm has a market capitalization of $884.94 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 4.15 and a beta of 0.60. The firm has a 50-day moving average price of $115.17 and a two-hundred day moving average price of $121.93.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. During the same quarter last year, the business earned $0.61 earnings per share. Walmart’s revenue was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Sell-side analysts expect that Walmart Inc. will post 2.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. KeyCorp reiterated an “overweight” rating on shares of Walmart in a research note on Friday, May 22nd. BTIG Research restated a “buy” rating and issued a $145.00 target price on shares of Walmart in a research note on Wednesday, June 3rd. Mizuho set a $130.00 target price on Walmart in a report on Monday, July 27th. Sanford C. Bernstein set a $142.00 price target on Walmart and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $137.00 price target on shares of Walmart in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $138.56.

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.