Fielder Capital Group LLC has expanded its investment in Walmart Inc. (NYSE: WMT) by 7.6% during the second quarter of 2023. The firm now holds 3,628 shares of the retail giant after acquiring an additional 257 shares in the last quarter. As of its latest filing with the Securities and Exchange Commission, these shares are valued at approximately $355,000.
This adjustment is part of a broader trend, as other institutional investors have also modified their positions in Walmart. For instance, Brighton Jones LLC increased its stake by 28.8% during the fourth quarter, now owning 98,150 shares worth around $8.87 million. Similarly, Revolve Wealth Partners LLC boosted its holdings by 5.8%, bringing its total to 8,849 shares valued at approximately $800,000.
Other firms, including Mainstream Capital Management LLC and GAMMA Investing LLC, have also reported increases in their Walmart stock holdings. Mainstream added 1,474 shares, resulting in a total of 12,345 shares worth $1.08 million, while GAMMA acquired an additional 11,018 shares, bringing its total to 90,440 shares valued at around $7.94 million. Overall, institutional investors now collectively own approximately 26.76% of Walmart’s stock.
Walmart’s stock performance has shown resilience, opening at $106.22 on Friday. The retailer’s fifty-day moving average stands at $102.17, with a two-hundred-day moving average of $98.61. The stock has fluctuated between a fifty-two week low of $79.81 and a high of $109.57. With a market capitalization of $846.91 billion, Walmart has a price-to-earnings ratio of 39.93 and a debt-to-equity ratio of 0.43.
In recent insider trading news, Walmart’s Executive Vice President, John D. Rainey, sold 2,200 shares on October 1, 2023, at an average price of $101.33, totaling $222,926. After this transaction, he retains 621,718 shares valued at approximately $63 million. Another executive, Kathryn J. McLay, sold 4,000 shares on October 20, 2023, for $431,000. Following this sale, she owns 1,044,455 shares valued at around $112.54 million. In the past 90 days, insiders have sold 151,038 shares of Walmart, totaling approximately $15.53 million.
As the retail sector evolves, several investment firms have provided insights into Walmart’s outlook. UBS Group reiterated a “buy” rating and increased its target price to $122.00 from $110.00. Piper Sandler also maintained an “overweight” rating, setting a target price of $111.00. Meanwhile, Oppenheimer raised its target from $110.00 to $115.00, affirming an “outperform” rating. Overall, thirty-one analysts have issued “buy” ratings for Walmart, while one has suggested holding the stock, leading to an average target price of $113.07.
Walmart Inc. operates globally in retail, wholesale, and eCommerce, divided into three primary segments: Walmart U.S., Walmart International, and Sam’s Club. The company runs a variety of store formats, including supercenters, supermarkets, and eCommerce platforms, ensuring a broad reach in the market.
For continuous updates on Walmart and related investment news, stakeholders can visit HoldingsChannel.com for the latest 13F filings and insider trades.
