Bank Pictet & Cie Europe AG Makes New Investment in Walmart Inc. $WMT

Key Points

• Bank Pictet & Cie Europe AG acquired 2,795 shares of Walmart Inc. in Q2, valued at approximately $273,000, according to their most recent SEC filing.
• Walmart reported $0.68 earnings per share for the latest quarter, which fell short of analyst expectations of $0.74, with revenue also below estimates at $169.34 billion.
• Multiple research analysts have provided bullish ratings for Walmart, with price targets ranging from $114.00 to $129.00, indicating a strong consensus among analysts regarding the stock's potential.

Bank Pictet & Cie Europe AG bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,795 shares of the retailer's stock, valued at approximately $273,000.

Several other institutional investors have also recently bought and sold shares of WMT. Brighton Jones LLC raised its stake in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Walmart by 5.8% in the fourth 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 period. NorthCrest Asset Manangement LLC increased its stake in shares of Walmart by 15.8% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 11,839 shares of the retailer's stock valued at $1,070,000 after buying an additional 1,618 shares during the period. Kera Capital Partners Inc. increased its stake in shares of Walmart by 17.3% in the first quarter. Kera Capital Partners Inc. now owns 2,679 shares of the retailer's stock valued at $235,000 after buying an additional 395 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Walmart by 74.4% in the first quarter. Versant Capital Management Inc now owns 16,160 shares of the retailer's stock valued at $1,419,000 after buying an additional 6,893 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WMT shares. Sanford C. Bernstein set a $117.00 price objective on Walmart and gave the company an "outperform" rating in a research note on Friday, August 22nd. Wolfe Research started coverage on Walmart in a research note on Thursday, September 18th. They issued an "outperform" rating and a $129.00 price objective for the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $118.00 price objective on shares of Walmart in a research note on Wednesday. The Goldman Sachs Group upped their price objective on Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Finally, Mizuho reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $112.38.

Insiders Place Their Bets

In other Walmart news, CTO Suresh Kumar sold 30,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the transaction, the chief technology officer directly owned 1,787,200 shares in the company, valued at approximately $184,921,584. This represents a 1.65% decrease in their position. The transaction was disclosed in a filing 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 that occurred on 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 in the company, valued at $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 a total of 151,232 shares of company stock valued at $15,077,519 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

NYSE:WMT opened at $103.14 on Friday. The company has a market capitalization of $822.32 billion, a PE ratio of 38.77, a P/E/G ratio of 4.86 and a beta of 0.65. The company has a 50 day simple moving average of $100.16 and a two-hundred day simple moving average of $96.03. 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 fifty-two week low of $78.98 and a fifty-two week high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last released its 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). The firm had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $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. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

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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