Fullerton Fund Management Co Ltd. Reduces Stock Position in Walmart Inc. $WMT

by · The Markets Daily

Fullerton Fund Management Co Ltd. reduced its holdings in shares of Walmart Inc. (NASDAQ:WMT – Free Report) by 64.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 532,105 shares of the retailer’s stock after selling 972,712 shares during the quarter. Walmart accounts for about 2.1% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 19th largest holding. Fullerton Fund Management Co Ltd.’s holdings in Walmart were worth $52,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Access Investment Management LLC bought a new stake in shares of Walmart in the 2nd quarter valued at approximately $26,000. PFS Partners LLC increased its stake in shares of Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after purchasing an additional 233 shares during the period. Ridgewood Investments LLC boosted its position in Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after acquiring an additional 115 shares during the period. Livelsberger Financial Advisory bought a new position in Walmart in the 2nd quarter valued at about $44,000. Finally, Harbor Asset Planning Inc. acquired a new position in shares of Walmart during the second quarter valued at approximately $46,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $104.75, for a total value of $1,374,843.75. Following the transaction, the executive vice president directly owned 879,815 shares in the company, valued at approximately $92,160,621.25. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $109.57, for a total value of $2,127,411.12. Following the completion of the transaction, the chief executive officer owned 4,334,747 shares in the company, valued at $474,958,228.79. The trade was a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,013 shares of company stock worth $13,553,747 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WMT. Wolfe Research began coverage on shares of Walmart in a report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price target for the company. Piper Sandler reissued an “overweight” rating and issued a $123.00 target price (up from $111.00) on shares of Walmart in a research report on Friday, November 21st. BMO Capital Markets upped their price target on shares of Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. The Goldman Sachs Group lifted their price objective on shares of Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Walmart from $128.00 to $129.00 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.31.

View Our Latest Analysis on WMT

Walmart Trading Up 1.0%

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

Walmart (NASDAQ:WMT – Get Free Report) last released its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The business had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. During the same quarter in the previous year, the business earned $0.58 EPS. Walmart’s quarterly revenue was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. On average, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Profile

(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.

See Also

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