Atalanta Sosnoff Capital LLC Has $73.53 Million Stock Position in Walmart Inc. $WMT

Key Points

• Atalanta Sosnoff Capital LLC has reduced its stake in Walmart Inc. by 17.7%, now holding 837,569 shares valued at approximately $73.5 million, making Walmart its 21st largest holding.
• Walmart's shares rose 0.8% to open at $97.74, with the company recently reporting a quarterly earnings miss with $0.68 EPS compared to the expected $0.74 EPS.
• Analysts remain optimistic about Walmart, with a consensus rating of "Buy" and a target price averaging $110.59, despite a recent change in price targets from various research firms.

Atalanta Sosnoff Capital LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 17.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 837,569 shares of the retailer's stock after selling 179,987 shares during the quarter. Walmart makes up approximately 1.8% of Atalanta Sosnoff Capital LLC's holdings, making the stock its 21st largest position. Atalanta Sosnoff Capital LLC's holdings in Walmart were worth $73,530,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Walmart by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock valued at $37,395,120,000 after acquiring an additional 3,224,154 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Walmart by 30.1% in the 1st 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. Ameriprise Financial Inc. increased its holdings in shares of Walmart by 1.3% in the 1st quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock valued at $2,710,665,000 after acquiring an additional 387,424 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Walmart by 0.8% during the 4th quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock worth $2,696,396,000 after buying an additional 233,040 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Walmart by 2.9% during the 1st quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after buying an additional 823,020 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated 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 owned 1,056,455 shares of the company's stock, valued at $100,511,128.70. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $95.58, for a total value of $1,855,781.28. Following the transaction, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,382 shares of company stock worth $11,718,441. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Mizuho restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Oppenheimer upped their price objective on Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Truist Financial lowered their price objective on Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, Robert W. Baird upped their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Walmart has an average rating of "Buy" and a consensus price target of $110.76.

Walmart Stock Performance

Shares of NYSE:WMT traded up $1.42 on Thursday, hitting $100.86. The company's stock had a trading volume of 15,629,600 shares, compared to its average volume of 17,735,688. Walmart Inc. has a 12 month low of $76.30 and a 12 month high of $105.30. The company has a market capitalization of $804.17 billion, a price-to-earnings ratio of 37.92, a price-to-earnings-growth ratio of 4.78 and a beta of 0.65. The stock's 50-day moving average is $98.23 and its two-hundred day moving average is $95.26. 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 (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. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart 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.