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Several hedge funds have recently adjusted their positions in Walmart (WMT). EntryPoint Capital acquired a new stake worth $25,000, while Northwest Capital Management boosted its stake by 199.3%, now owning 440 shares worth $26,000. TruNorth Capital increased its position by 138.3% to 429 shares valued at $29,000. Cultivar Capital entered with a new stake valued at $29,000, and Able Wealth Management acquired a stake worth about $30,000. Overall, institutional investors own 26.76% of WMT.
Insider Activity at Walmart
Executive VP John D. Rainey sold 3,000 shares at $69.19, totaling $207,570. He now holds 387,165 shares valued at $26.79 million. Major shareholder Alice L. Walton sold 2.7 million shares at $77.37, worth $209.6 million, retaining over 630 million shares valued at around $48.78 billion. Insiders have sold over 12.3 million shares worth $958 million recently.
Wall Street Analysts Forecast Growth
Analysts have issued favorable ratings for Walmart. Piper Sandler set a price target of $83, up from $81, while Deutsche Bank also raised its target to $83 with a “buy” rating. HSBC increased its target from $70 to $81. Walmart has a strong consensus rating of Buy with 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. The market cap is $653.27 billion, with an EPS of $0.67 reported on August 15, exceeding estimates. Revenue for the quarter was $169.30 billion, rising 4.7% year-over-year. Analysts expect an EPS of 2.44 this year.
About Walmart
(Free Report) Walmart Inc operates retail, wholesale, and eCommerce across various formats, including supercenters and membership clubs.
Further Reading
- Five stocks we like better than Walmart
- The Most Important Warren Buffett Stock for Investors
- 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 on Walmart Inc.
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