1248 Management LLC Buys Shares of 2,969 Walmart Inc. $WMT

Key Points

• 1248 Management LLC acquired a new stake in Walmart, purchasing 2,969 shares valued at approximately $261,000 during the first quarter.
• Walmart reported earnings of $0.68 EPS for the last quarter, which fell short of analysts' expectations of $0.74 EPS.
• Several analysts have set a target price for Walmart shares, with Mizuho establishing a price target of $115.00, while the stock retains a consensus rating of "Buy."

1248 Management LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,969 shares of the retailer's stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Night Squared LP acquired a new position in Walmart during the 1st quarter valued at about $1,052,000. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Walmart by 34.6% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer's stock worth $3,355,000 after buying an additional 9,831 shares in the last quarter. Monument Capital Management raised its position in shares of Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after buying an additional 26,685 shares in the last quarter. Ally Financial Inc. bought a new stake in shares of Walmart during the 1st quarter worth about $2,107,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Walmart by 11.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer's stock worth $698,787,000 after buying an additional 838,689 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on WMT shares. Mizuho restated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Wednesday, August 13th. JPMorgan Chase & Co. dropped their price target on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Truist Financial dropped their price target on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. DA Davidson restated a "buy" rating and set a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Finally, Sanford C. Bernstein set a $117.00 target price on shares of Walmart and gave the stock an "outperform" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $110.76.

Walmart Stock Up 2.2%

NYSE WMT opened at $102.64 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The company's 50 day simple moving average is $98.61 and its 200 day simple moving average is $95.37. Walmart Inc. has a 12 month low of $77.49 and a 12 month high of $105.30. The company has a market capitalization of $818.33 billion, a P/E ratio of 38.59, a PEG ratio of 4.82 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the transaction, the executive vice president directly owned 626,118 shares of the company's stock, valued at $61,547,399.40. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the completion of the transaction, the executive vice president directly owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,382 shares of company stock valued at $11,718,441. 0.10% of the stock is currently owned by insiders.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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