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Several hedge funds recently adjusted their positions in Walmart (WMT). EntryPoint Capital LLC bought shares worth $25,000. Northwest Capital Management raised its stake by 199.3%, now holding 440 shares valued at $26,000. TruNorth Capital increased its position by 138.3%, owning 429 shares at $29,000, while Cultivar Capital and Able Wealth added new stakes worth approximately $29,000 and $30,000, respectively. Institutional investors control 26.76% of WMT shares.
Insider Activity at Walmart
EVP John D. Rainey sold 3,000 shares on August 1 for $207,570, retaining 387,165 shares valued at $26.8 million. Major shareholder Alice L. Walton sold 2.7 million shares on September 3 for over $209 million, keeping 630.5 million shares worth approximately $48.8 billion. Over the past 90 days, insiders sold 12.3 million shares totaling nearly $958 million, with 45.58% of stock owned by insiders.
Wall Street Analysts Forecast Growth
Piper Sandler maintained an overweight rating for WMT, increasing its target to $83. Deutsche Bank raised its target price from $77 to $83 with a buy rating. Analysts’ ratings include 28 buys and 2 strong buys, with a consensus rating of Buy and a target of $81.62.
Walmart Price Performance
WMT shares opened at $81.27, with a 52-week low of $49.85 and high of $81.60. The company recently posted EPS of $0.67, surpassing estimates. Analysts expect a total EPS of 2.44 this year.
About Walmart
(Free Report) Walmart operates globally across retail, wholesale, and eCommerce sectors, featuring segments like 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
Want the latest hedge fund activity on WMT? Visit HoldingsChannel.com for the most recent 13F filings.
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