Allstate Corp Has $13.36 Million Stock Holdings in Walmart Inc. $WMT

Key Points

• Allstate Corp increased its holdings in Walmart Inc. by 15.8%, owning 152,182 shares valued at approximately $13.36 million.
• Walmart reported a quarterly earnings miss with EPS at $0.68, below the consensus estimate of $0.74, and revenue of $169.34 billion, falling short of the expected $174.02 billion.
• The company declared a $0.235 dividend to be paid on September 2, with a dividend yield of 90.0% and a payout ratio of 40.17%.

Allstate Corp lifted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 15.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,182 shares of the retailer's stock after buying an additional 20,802 shares during the quarter. Allstate Corp's holdings in Walmart were worth $13,360,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC grew its stake in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after purchasing an additional 321 shares during the last quarter. Brighton Jones LLC lifted its holdings in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in 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 buying an additional 485 shares during the last quarter. Highview Capital Management LLC DE increased its stake in shares of Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after buying an additional 1,720 shares during the period. Finally, Burling Wealth Partners LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $376,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Down 4.5%

Shares of NYSE WMT opened at $97.9050 on Friday. Walmart Inc. has a 52-week low of $75.01 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market cap of $781.32 billion, a P/E ratio of 41.84, a P/E/G ratio of 4.93 and a beta of 0.66. The firm has a 50 day moving average price of $97.94 and a 200 day moving average price of $95.65.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Walmart had a return on equity of 21.76% and a net margin of 2.75%.The firm had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same period in the prior year, the business earned $0.67 earnings per share. 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. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be issued a $0.235 dividend. This represents a dividend yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart's dividend payout ratio is 40.17%.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. DA Davidson reiterated a "buy" rating and set a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Truist Financial cut their price objective on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a report on Friday. Finally, Oppenheimer raised their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of "Buy" and a consensus target price of $109.93.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.24, for a total value of $380,960.00. Following the completion of the transaction, the executive vice president directly owned 1,060,455 shares of the company's stock, valued at approximately $100,997,734.20. This represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the transaction, the executive vice president owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,841 shares of company stock valued at $8,565,205 over the last 90 days. 0.10% of the stock is owned by company 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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