Walmart Inc. $WMT Shares Sold by Tennessee Valley Asset Management Partners

by · The Markets Daily

Tennessee Valley Asset Management Partners cut its stake in shares of Walmart Inc. (NASDAQ:WMT – Free Report) by 78.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,355 shares of the retailer’s stock after selling 8,615 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in Walmart were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlas Legacy Advisors LLC boosted its holdings in shares of Walmart by 1.1% in the second quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock valued at $851,000 after acquiring an additional 98 shares in the last quarter. Meridian Wealth Partners LLC raised its holdings in Walmart by 2.1% during the second quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer’s stock worth $470,000 after purchasing an additional 99 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Walmart by 1.1% in the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock valued at $961,000 after purchasing an additional 103 shares during the period. RoundAngle Advisors LLC boosted its holdings in Walmart by 0.4% in the 2nd quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock valued at $2,542,000 after purchasing an additional 105 shares in the last quarter. Finally, PCG Wealth Advisors LLC increased its position in Walmart by 3.6% during the 2nd quarter. PCG Wealth Advisors LLC now owns 3,024 shares of the retailer’s stock worth $296,000 after purchasing an additional 105 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. Cowen reissued a “buy” rating on shares of Walmart in a report on Tuesday. UBS Group set a $130.00 target price on Walmart in a report on Wednesday, December 3rd. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $128.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Guggenheim reaffirmed a “buy” rating and set a $120.00 price target (up from $115.00) on shares of Walmart in a research note on Friday, November 21st. Finally, Evercore ISI set a $117.00 price objective on shares of Walmart and gave the company an “outperform” rating in a research note on Tuesday. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $119.31.

Read Our Latest Analysis on WMT

Walmart Stock Up 2.1%

WMT stock opened at $115.52 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $116.27. The firm has a market capitalization of $920.71 billion, a PE ratio of 40.39, a P/E/G ratio of 5.23 and a beta of 0.64. The company’s 50 day simple moving average is $106.02 and its 200-day simple moving average is $101.32.

Walmart (NASDAQ:WMT – Get Free Report) last posted its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $179.50 billion for the quarter, compared to analyst estimates of $175.15 billion. Walmart had a return on equity of 21.31% and a net margin of 3.26%.Walmart’s 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 expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP David Chojnowski sold 7,000 shares of Walmart stock in a transaction dated 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 sale, the senior vice president directly owned 136,289 shares in the company, valued at $14,535,221.85. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $101.63, for a total transaction of $406,520.00. Following the completion of the transaction, the executive vice president directly owned 1,040,455 shares of the company’s stock, valued at approximately $105,741,441.65. This represents a 0.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 128,013 shares of company stock worth $13,553,747 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

About Walmart

(Free Report)

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.

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