570,126 Shares in Walmart Inc. $WMT Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• The Virginia Retirement Systems ET Al purchased 570,126 shares of Walmart Inc., valued at approximately $55.7 million, during the second quarter.
• Walmart's stock has received strong endorsements from analysts, with an average price target of $112.63 and thirty-one analysts issuing a Buy rating.
• In insider trading news, CEO C. Douglas McMillon sold 19,416 shares of Walmart stock for approximately $2 million, representing a minor decrease in his ownership stake.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 570,126 shares of the retailer's stock, valued at approximately $55,747,000.

Several other hedge funds also recently added to or reduced their stakes in WMT. Brighton Jones LLC increased its holdings in Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after buying an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after acquiring an additional 485 shares during the last quarter. Mainstream Capital Management LLC raised its position in shares of Walmart by 13.6% during the 1st quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer's stock valued at $1,084,000 after acquiring an additional 1,474 shares in the last quarter. GAMMA Investing LLC lifted its stake in Walmart by 13.9% during the first quarter. GAMMA Investing LLC now owns 90,440 shares of the retailer's stock worth $7,940,000 after purchasing an additional 11,018 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in Walmart by 0.9% during the first quarter. Avior Wealth Management LLC now owns 38,306 shares of the retailer's stock valued at $3,363,000 after purchasing an additional 330 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $106.00 price target on shares of Walmart in a research report on Friday, August 22nd. Piper Sandler restated an "overweight" rating and issued a $111.00 target price on shares of Walmart in a research note on Wednesday, September 24th. Wolfe Research assumed coverage on Walmart in a report on Thursday, September 18th. They set an "outperform" rating and a $129.00 target price for the company. Sanford C. Bernstein set a $117.00 price target on Walmart and gave the stock an "outperform" rating in a report on Friday, August 22nd. Finally, Tigress Financial upped their price objective on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.63.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the completion of the transaction, the chief executive officer directly owned 4,373,576 shares of the company's stock, valued at approximately $451,396,778.96. This trade represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $101.33, for a total value of $222,926.00. Following the transaction, the executive vice president owned 621,718 shares in the company, valued at approximately $62,998,684.94. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,038 shares of company stock worth $15,249,614. Company insiders own 0.10% of the company's stock.

Walmart Stock Up 1.3%

WMT opened at $107.80 on Friday. The stock's 50 day moving average price is $101.69 and its 200 day moving average price is $97.92. 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 stock has a market cap of $859.50 billion, a P/E ratio of 40.53, a P/E/G ratio of 5.08 and a beta of 0.67. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $109.57.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the company posted $0.67 EPS. The company'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. As a group, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

About Walmart

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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