Bank of New York Mellon Corp Reduces Stock Position in Walmart Inc. $WMT

Bank of New York Mellon Corp trimmed its holdings in Walmart Inc. (NASDAQ:WMT - Free Report) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,159,366 shares of the retailer's stock after selling 982,674 shares during the period. Bank of New York Mellon Corp owned about 0.34% of Walmart worth $3,076,070,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Merkkuri Wealth Advisors LLC bought a new position in shares of Walmart during the first quarter worth about $29,000. Entrust Financial LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $27,000. Bay Harbor Wealth Management LLC raised its stake in Walmart by 57.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock valued at $32,000 after buying an additional 105 shares in the last quarter. Sankala Group LLC bought a new position in Walmart during the 4th quarter worth approximately $33,000. Finally, Turim 21 Investimentos Ltda. acquired a new position in shares of Walmart in the 1st quarter worth approximately $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 3,710 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $113.10, for a total transaction of $419,601.00. Following the transaction, the executive vice president owned 626,299 shares in the company, valued at $70,834,416.90. This trade represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total value of $1,435,203.96. Following the sale, the executive vice president directly owned 125,067 shares in the company, valued at approximately $14,985,527.94. The trade was a 8.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 54,164 shares of company stock valued at $6,389,402. 0.09% of the stock is currently owned by insiders.

Walmart Price Performance

NASDAQ WMT opened at $103.84 on Friday. The company has a 50-day moving average price of $113.69 and a two-hundred day moving average price of $121.39. Walmart Inc. has a 52 week low of $95.42 and a 52 week high of $135.15. The stock has a market cap of $826.37 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 4.27 and a beta of 0.61. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.07. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business had revenue of $187.94 billion during the quarter, compared to analyst estimates of $186.62 billion. During the same period in the prior year, the company posted $0.68 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Analysts forecast that Walmart Inc. will post 2.88 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings downgraded Walmart from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, July 31st. TD Cowen restated a "buy" rating and set a $150.00 price objective (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. BTIG Research reaffirmed a "buy" rating and issued a $145.00 price objective on shares of Walmart in a report on Wednesday, June 3rd. Erste Group Bank lowered shares of Walmart from a "buy" rating to a "hold" rating in a research note on Friday, June 5th. Finally, BNP Paribas Exane dropped their target price on shares of Walmart from $147.00 to $146.00 and set an "outperform" rating on the stock in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.50.

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart reported fiscal second-quarter adjusted EPS of $0.81, above the $0.74 consensus, while revenue rose 5.9% year over year to $187.94 billion and exceeded estimates. Walmart quarterly earnings report
• Positive Sentiment: Growth areas remained strong: global e-commerce increased 23%, advertising revenue rose 38%, and global membership revenue grew 17%. Gross margin also benefited from tariff-refund impacts. Walmart reports second-quarter revenue growth
• Positive Sentiment: Management raised its fiscal-year earnings outlook and expects to use approximately $2.9 billion in tariff refunds to support lower prices, potentially strengthening customer traffic and market share. Walmart tariff refunds and prices
• Neutral Sentiment: UBS analyst Michael Lasser remained bullish, citing Walmart’s e-commerce, advertising and membership momentum, while technical coverage noted the stock had entered oversold territory near potential support around $100. Analyst remains bullish on Walmart
• Negative Sentiment: U.S. comparable sales grew 2.6%, well below expectations near 3.5%–3.7% and the weakest growth in more than six years. Higher gas and other living costs appear to be causing consumers to make trade-offs, raising concerns about the broader U.S. consumer. Reuters report on Walmart sales miss
• Negative Sentiment: Fiscal third-quarter EPS guidance of $0.62–$0.64 and revenue guidance of $183.1–$184.5 billion fell short of consensus estimates of $0.68 and $188.2 billion, respectively. The timing of Flipkart’s major promotional event is also expected to create a sales headwind. Walmart guidance disappoints investors
• Negative Sentiment: Gordon Haskett downgraded Walmart from “buy” to “accumulate.” The stock’s premium valuation amplified the market’s reaction, while rising bond yields pressured the broader equity market. U.S. stocks slide as Walmart disappoints

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source