Fortress Investment Group LLC Acquires New Stake in Walmart Inc. $WMT

Fortress Investment Group LLC purchased a new stake in shares of Walmart Inc. (NASDAQ:WMT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 60,000 shares of the retailer’s stock, valued at approximately $5,867,000. Walmart makes up approximately 0.8% of Fortress Investment Group LLC’s portfolio, making the stock its 24th biggest position.

A number of other hedge funds also recently bought and sold shares of the company. Neuberger Berman Group LLC increased its holdings in shares of Walmart by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 5,091,126 shares of the retailer’s stock worth $497,771,000 after purchasing an additional 42,645 shares during the last quarter. Aviva PLC grew its holdings in Walmart by 16.4% during the 2nd quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock valued at $374,861,000 after buying an additional 539,504 shares in the last quarter. Weatherly Asset Management L. P. increased its stake in Walmart by 7.0% in the 2nd quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock worth $5,489,000 after acquiring an additional 3,696 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Walmart by 34.6% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock worth $3,355,000 after acquiring an additional 9,831 shares in the last quarter. Finally, Willis Johnson & Associates Inc. raised its holdings in shares of Walmart by 76.6% during the 2nd quarter. Willis Johnson & Associates Inc. now owns 42,626 shares of the retailer’s stock worth $4,168,000 after acquiring an additional 18,485 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $103.83, for a total value of $415,320.00. Following the completion of the sale, the executive vice president directly owned 1,048,455 shares in the company, valued at approximately $108,861,082.65. This represents a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $107.78, for a total value of $1,414,612.50. Following the transaction, the executive vice president owned 892,940 shares in the company, valued at approximately $96,241,073.20. This represents a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,013 shares of company stock valued at $13,553,747 over the last 90 days. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Evercore ISI set a $117.00 price objective on shares of Walmart and gave the company an “outperform” rating in a research report on Tuesday. BMO Capital Markets increased their price target on shares of Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Bank of America boosted their price objective on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. upped their price objective on Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, Wells Fargo & Company set a $120.00 price objective on Walmart and gave the company an “overweight” rating in a research note on Friday, November 21st. Thirty-one equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.31.

Walmart Price Performance

Shares of WMT stock opened at $116.70 on Friday. The stock has a 50 day moving average price of $106.31 and a 200 day moving average price of $101.46. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $116.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. The firm has a market capitalization of $930.12 billion, a P/E ratio of 40.80, a P/E/G ratio of 5.34 and a beta of 0.64.

Walmart (NASDAQ:WMT) last announced its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The company had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. During the same quarter in the prior year, the company posted $0.58 EPS. Walmart’s quarterly revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart 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.