Elevation Point Wealth Makes New $20.56 Million Investment in Walmart

Elevation Point Wealth Partners LLC has made a significant investment in Walmart Inc. (WMT) worth approximately $20,563,000. The fund purchased 181,556 shares of WMT's stock during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

This is not an isolated instance; several other large investors have also modified their holdings in WMT recently. Entrust Financial LLC acquired a new position in WMT valued at approximately $27,000, while Merkkuri Wealth Advisors LLC bought a new stake in WMT during the first quarter worth around $29,000.

The institutional ownership of WMT stands at 26.76%, with corporate insiders owning 0.09% of the stock. EVP Daniel J. Bartlett sold 3,710 shares of WMT stock on August 3rd, while EVP David W. Guggina sold 11,978 shares of the company's stock on June 10th.

Analysts remain bullish about WMT, with consensus price targets ranging from $126 to $155 per share. The company has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS.