Pinpoint Asset Management Singapore Pte. Ltd. Sells 4,208 Shares of Walmart Inc. $WMT

Pinpoint Asset Management Singapore Pte. Ltd. decreased its stake in shares of Walmart Inc. (NASDAQ:WMT) by 47.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,668 shares of the retailer’s stock after selling 4,208 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Walmart were worth $520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Norges Bank bought a new position in shares of Walmart during the fourth quarter worth $6,458,529,000. AQR Capital Management LLC boosted its position in shares of Walmart by 188.1% during the third quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer’s stock worth $1,199,907,000 after acquiring an additional 7,614,172 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Walmart by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock worth $11,426,753,000 after acquiring an additional 6,517,394 shares during the last quarter. Capital International Investors bought a new position in shares of Walmart during the fourth quarter worth $592,848,000. Finally, Vanguard Group Inc. boosted its position in shares of Walmart by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock worth $49,015,626,000 after acquiring an additional 4,304,436 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $123.92, for a total value of $359,368.00. Following the sale, the executive vice president owned 577,853 shares of the company’s stock, valued at approximately $71,607,543.76. This represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the completion of the sale, the executive vice president directly owned 125,067 shares in the company, valued at approximately $14,985,527.94. This represents a 8.74% 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. In the last quarter, insiders have sold 128,986 shares of company stock valued at $15,927,908. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $120.00 target price on shares of Walmart in a research report on Friday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $138.00 price target on shares of Walmart in a research note on Friday, February 20th. Piper Sandler reaffirmed an “overweight” rating on shares of Walmart in a research note on Monday. Rothschild & Co Redburn set a $150.00 price target on shares of Walmart in a research note on Tuesday, February 17th. Finally, TD Cowen reaffirmed a “buy” rating and set a $150.00 price target (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.85.

Walmart Price Performance

Walmart stock opened at $121.04 on Friday. The company has a market cap of $963.25 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 4.50 and a beta of 0.59. The firm’s fifty day moving average is $125.28 and its 200 day moving average is $121.66. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52-week low of $93.62 and a 52-week high of $135.15.

Walmart (NASDAQ:WMT) last released its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $174.84 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Walmart’s revenue was up 7.4% on a year-over-year basis. 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 forecast that Walmart Inc. will post 2.89 EPS for the current fiscal year.

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.