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Recently, several hedge funds adjusted their positions in Walmart (WMT). EntryPoint Capital LLC acquired a new stake worth about $25,000. Northwest Capital Management increased its position by 199.3%, owning now 440 shares valued at approximately $26,000. TruNorth Capital raised its stake by 138.3% to 429 shares worth $29,000. Additionally, Cultivar and Able Wealth Management acquired stakes worth $29,000 and $30,000, respectively. Institutional investors now hold 26.76% of Walmart’s stock.
Insider Activity at Walmart
EVP John D. Rainey sold 3,000 shares at $69.19 each, totaling $207,570 and now possesses 387,165 shares valued at about $26.79 million. Major shareholder Alice L. Walton sold 2.7 million shares for over $209.6 million, retaining 630 million shares valued around $48.78 billion. Over 90 days, insiders sold 12.3 million shares valued at nearly $958 million, with insiders owning 45.58% of Walmart stock.
Wall Street Analysts Forecast Growth
Analysts are bullish on WMT. Piper Sandler upped its target to $83, while Deutsche Bank and HSBC also raised their targets to $83 and $81, respectively. Robert W. Baird set a new target of $90. Currently, Walmart has a consensus rating of Buy with a price target of $81.62.
Walmart Price Performance
WMT opened at $81.27, with a 52-week range from $49.85 to $81.60. It has a market cap of $653.27 billion and reported earnings of $0.67 per share, surpassing estimates. Revenue for the quarter stood at $169.3 billion, reflecting a 4.7% year-over-year increase.
About Walmart
Walmart Inc operates retail and wholesale globally across various formats, including supercenters, supermarkets, and e-commerce platforms.
Further Reading
- Five stocks we like better than Walmart
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- Dividend Capture Strategy: What You Need to Know
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- What to Know About Investing in Penny Stocks
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com for the latest 13F filings.
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