Walmart Inc. $WMT Shares Bought by Diamant Asset Management Inc.

Diamant Asset Management Inc. grew its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 12,519.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,259,410 shares of the retailer’s stock after purchasing an additional 2,241,506 shares during the quarter. Walmart makes up about 0.9% of Diamant Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Diamant Asset Management Inc.’s holdings in Walmart were worth $280,799,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Entrust Financial LLC purchased a new position in Walmart during the fourth quarter worth about $27,000. Merkkuri Wealth Advisors LLC purchased a new stake in Walmart in the 1st quarter valued at about $29,000. Beacon Financial Strategies CORP acquired a new position in shares of Walmart during the 4th quarter valued at about $30,000. Bay Harbor Wealth Management LLC increased its stake in shares of Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after acquiring an additional 105 shares during the last quarter. Finally, Clayton Financial Group LLC increased its stake 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 acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP David W. Guggina sold 11,978 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the transaction, the executive vice president owned 125,067 shares in the company, valued at $14,985,527.94. This represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $123.92, for a total transaction of $359,368.00. Following the completion of the sale, the executive vice president directly owned 577,853 shares of the company’s stock, valued at $71,607,543.76. This trade represents a 0.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 100,730 shares of company stock worth $12,444,624 in the last ninety days. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WMT shares. Erste Group Bank cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Morgan Stanley boosted their target price on shares of Walmart from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. TD Cowen reaffirmed a “buy” rating and set a $150.00 price target (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Evercore reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, May 18th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Walmart in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.85.

Walmart Stock Down 0.9%

Shares of NASDAQ WMT opened at $114.60 on Tuesday. The stock has a fifty day moving average price of $123.54 and a 200 day moving average price of $122.22. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $94.23 and a 12-month high of $135.15. The company has a market cap of $912.00 billion, a P/E ratio of 40.21, a P/E/G ratio of 4.31 and a beta of 0.60.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The company had revenue of $177.75 billion for the quarter, compared to analysts’ expectations of $174.84 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The firm’s quarterly 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. Research analysts anticipate 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.