Walmart Inc. $WMT Shares Sold by Alliancebernstein L.P.

Key Points

• AllianceBernstein L.P. has sold 2,600,529 shares of Walmart, reducing its holdings by 15.6%, leaving them with a total of 14,085,912 shares valued at approximately $1.24 billion.
• Several institutional investors, including Nuveen LLC and GAMMA Investing LLC, have made significant adjustments to their Walmart stakes, reflecting increased interest in the stock among major players.
• Walmart reported earnings of $0.68 per share for the last quarter, missing expectations, and generated revenue of $169.34 billion, below the forecast of $174.02 billion.

Alliancebernstein L.P. lessened its stake in Walmart Inc. (NYSE:WMT - Free Report) by 15.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,085,912 shares of the retailer's stock after selling 2,600,529 shares during the period. Alliancebernstein L.P. owned about 0.18% of Walmart worth $1,236,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Whelan Financial increased its stake in Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares during the last quarter. Bedel Financial Consulting Inc. increased its stake in Walmart by 0.4% during the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after purchasing an additional 102 shares during the last quarter. Scott & Selber Inc. increased its stake in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after purchasing an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC increased its stake in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after purchasing an additional 105 shares during the last quarter. Finally, Lauterbach Financial Advisors LLC increased its stake in Walmart by 1.8% during the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock valued at $517,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the sale, the executive vice president directly owned 623,918 shares of the company's stock, valued at approximately $60,750,895.66. This represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the completion of the sale, the executive vice president directly owned 919,189 shares of the company's stock, valued at $90,586,075.95. The trade was a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,382 shares of company stock valued at $11,718,441. Corporate insiders own 0.10% of the company's stock.

Walmart Price Performance

WMT stock traded up $1.42 during trading on Thursday, hitting $100.86. The company had a trading volume of 15,629,600 shares, compared to its average volume of 17,735,688. The firm has a market capitalization of $804.17 billion, a price-to-earnings ratio of 37.92, a P/E/G ratio of 4.78 and a beta of 0.65. The business has a 50 day moving average of $98.23 and a 200 day moving average of $95.26. Walmart Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $105.30. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The company had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. 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.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Evercore ISI reiterated an "outperform" rating and set a $110.00 target price (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. Tigress Financial boosted their target price on shares of Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday. Truist Financial lowered their target price on shares of Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Oppenheimer upped their price target on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Finally, Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the stock an "outperform" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Walmart currently has an average rating of "Buy" and a consensus target price of $110.76.

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.