Armstrong Fleming & Moore Inc Invests $326,000 in Walmart Inc. $WMT

Key Points

• Armstrong Fleming & Moore Inc invested approximately $326,000 in Walmart Inc. by purchasing 3,336 shares during the second quarter.
• Walmart reported $0.68 earnings per share for the last quarter, missing the consensus estimate of $0.74 by $0.06, with a revenue of $169.34 billion against expectations of $174.02 billion.
• Several institutional investors significantly increased their stakes in Walmart, including Kingstone Capital Partners which grew its position by 397,264.9%, now holding shares valued at over $10 billion.

Armstrong Fleming & Moore Inc bought a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,336 shares of the retailer's stock, valued at approximately $326,000.

Other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its position in Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares in the last quarter. Nuveen LLC acquired a new stake in Walmart in the first quarter valued at approximately $2,532,331,000. Goldman Sachs Group Inc. lifted its stake in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after acquiring an additional 7,706,201 shares during the last quarter. Wellington Management Group LLP lifted its stake in Walmart by 527.1% in the first quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock valued at $591,620,000 after acquiring an additional 5,664,484 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its stake in Walmart by 28,684.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock valued at $371,295,000 after acquiring an additional 4,214,661 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Down 1.1%

WMT opened at $101.72 on Friday. The firm's 50-day simple moving average is $101.15 and its 200-day simple moving average is $97.06. The firm has a market cap of $811.00 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 4.85 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a twelve month low of $79.37 and a twelve month high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last issued 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). The company had revenue of $169.34 billion for 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 firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last 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. Equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total transaction of $403,840.00. Following the transaction, the executive vice president directly owned 1,052,455 shares in the company, valued at approximately $106,255,856.80. This represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the transaction, the executive vice president owned 932,313 shares in the company, valued at approximately $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,232 shares of company stock worth $15,083,877 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WMT. Sanford C. Bernstein set a $117.00 target price on shares of Walmart and gave the company an "outperform" rating in a research note on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $106.00 price objective on shares of Walmart in a research note on Friday, August 22nd. Guggenheim restated a "buy" rating and issued a $115.00 price objective (up from $112.00) on shares of Walmart in a research note on Monday, August 18th. Mizuho restated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Finally, Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Thirty equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Walmart has an average rating of "Moderate Buy" and an average price target of $112.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.