Ballentine Partners LLC Sells 4,820 Shares of Walmart Inc. $WMT

Key Points

• Ballentine Partners LLC reduced its Walmart stake by 5.5%, selling 4,820 shares during the second quarter, leaving them with 82,766 shares valued at approximately $8.09 million.
• Multiple investment firms increased their holdings in Walmart, with Operose Advisors LLC reporting a 319.7% increase in the first quarter.
• Walmart's stock had a recent price target increase from $101.00 to $114.00 by Goldman Sachs, which maintained a "buy" rating for the retailer.

Ballentine Partners LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,766 shares of the retailer's stock after selling 4,820 shares during the quarter. Ballentine Partners LLC's holdings in Walmart were worth $8,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of WMT. Operose Advisors LLC boosted its stake in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after buying an additional 243 shares in the last quarter. Bear Mountain Capital Inc. lifted its holdings in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after purchasing an additional 294 shares in the last quarter. Ridgewood Investments LLC boosted its stake in shares of Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock valued at $32,000 after purchasing an additional 115 shares in the last quarter. Finally, EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the 1st quarter worth about $35,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on WMT shares. The Goldman Sachs Group lifted their price target on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Tigress Financial lifted 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, September 3rd. Wolfe Research started coverage on Walmart in a research report on Thursday, September 18th. They set an "outperform" rating and a $129.00 price target on the stock. Telsey Advisory Group raised their price target on Walmart from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Finally, Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.62.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the completion of the sale, the executive vice president directly owned 1,048,455 shares of the company's stock, valued at $108,861,082.65. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president owned 623,918 shares in the company, valued at $60,750,895.66. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 151,232 shares of company stock worth $14,960,635. Corporate insiders own 0.10% of the company's stock.

Walmart Stock Performance

WMT stock opened at $102.44 on Wednesday. The company has a 50 day moving average price of $99.68 and a 200 day moving average price of $95.77. Walmart Inc. has a fifty-two week low of $78.98 and a fifty-two week high of $106.11. 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 capitalization of $816.76 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 4.85 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The firm had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. 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.

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