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Several hedge funds have recently adjusted their Walmart (WMT) holdings. EntryPoint Capital acquired a new stake, investing around $25,000. Northwest Capital Management increased its position by 199.3%, owning 440 shares valued at $26,000. TruNorth Capital raised its shares by 138.3% to 429 shares worth $29,000. Other investments included a new stake from Cultivar Capital at $29,000 and Able Wealth Management at $30,000. Currently, institutional investors own 26.76% of the stock.
Insider Activity at Walmart
On August 1, EVP John D. Rainey sold 3,000 shares for $207,570. Post-sale, he holds 387,165 shares valued at $26.79 million. Notably, major shareholder Alice L. Walton sold over 2.7 million shares on September 3 for $209.61 million. Insiders sold a total of 12.33 million shares worth nearly $1 billion in the last 90 days, with insiders holding 45.58% of shares.
Wall Street Analysts Forecast Growth
Analysts remain optimistic about Walmart. Piper Sandler raised its price target to $83.00, while Deutsche Bank also increased its target to $83.00 with a buy rating. Overall, Walmart has a consensus Buy rating and a target price of $81.62.
Walmart Price Performance
WMT opened at $81.27, with a 52-week range of $49.85 to $81.60. Walmart reported earnings of $0.67 per share, exceeding estimates, with a revenue of $169.30 billion for the last quarter. Analysts anticipate an EPS of 2.44 for the current year.
About Walmart
(Free Report) Walmart operates retail, wholesale, and eCommerce globally across three segments: Walmart U.S., Walmart International, and Sam’s Club.
Further Reading
- Five stocks we like better than Walmart
- The Most Important Warren Buffett Stock for Investors: His Own
- Why Lennar Stock Could Be the Best Play in the Housing Market
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Walmart (NYSE:WMT).
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