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Several hedge funds have adjusted their stakes in Walmart (WMT). EntryPoint Capital LLC entered a new position worth $25,000 in Q1. Northwest Capital Management increased its stake by 199.3%, now holding 440 shares valued at $26,000. TruNorth Capital raised its stake by 138.3% in Q2, owning 429 shares worth $29,000, while Cultivar Capital and Able Wealth Management each acquired new stakes worth approximately $29,000 and $30,000, respectively. Institutional investors own 26.76% of Walmart’s stock.
Insider Activity
EVP John D. Rainey sold 3,000 shares at $69.19, totaling $207,570, leaving him with 387,165 shares valued at $26.78 million. Insider Alice L. Walton sold 2.7 million shares at $77.37 for over $209 million, maintaining 630 million shares valued at approximately $48.78 billion. Insiders have sold over 12 million shares worth nearly $958 million in the last 90 days, with insiders holding 45.58% of shares.
Analysts’ Forecasts
Analysts are optimistic about WMT stock. Piper Sandler raised its price target to $83.00. Deutsche Bank and HSBC also increased targets to the same value. Currently, Walmart has a consensus rating of Buy and a target of $81.62.
Walmart’s Price Performance
WMT opened at $81.27, with a 52-week range of $49.85 to $81.60. It has a market cap of $653 billion, P/E ratio of 34.78, and reported $0.67 EPS last quarter. Analysts expect 2.44 EPS for this year.
About Walmart
Walmart Inc. operates globally in retail, wholesale, and eCommerce, featuring supercenters, Sam’s Club, and various online platforms.
Further Reading
- Five stocks better than Walmart
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- Marinus Pharmaceuticals insights
Want to see hedge fund holdings for WMT? Visit HoldingsChannel.com
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