Bar Harbor Wealth Management Cuts Position in Walmart Inc. $WMT

Key Points

• Bar Harbor Wealth Management has reduced its stake in Walmart Inc. by 2.3%, now holding 154,957 shares valued at approximately $15.15 million.
• Walmart reported earnings of $0.68 per share, missing expectations of $0.74, with a net margin of 3.08% and revenue of $169.34 billion for the quarter.
• Analysts maintain a consensus rating of "Moderate Buy" for Walmart, with an average target price of $112.38.

Bar Harbor Wealth Management decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,957 shares of the retailer's stock after selling 3,634 shares during the quarter. Walmart accounts for approximately 1.0% of Bar Harbor Wealth Management's portfolio, making the stock its 29th largest position. Bar Harbor Wealth Management's holdings in Walmart were worth $15,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Brighton Jones LLC raised its position in Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after acquiring an additional 485 shares during the period. Mainstream Capital Management LLC increased its position in shares of Walmart by 13.6% during the first quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer's stock worth $1,084,000 after acquiring an additional 1,474 shares during the period. Wedge Capital Management L L P NC increased its position in shares of Walmart by 2.4% during the first quarter. Wedge Capital Management L L P NC now owns 7,678 shares of the retailer's stock worth $674,000 after acquiring an additional 177 shares during the period. Finally, Signet Financial Management LLC purchased a new stake in shares of Walmart during the first quarter worth $210,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

NYSE WMT opened at $102.90 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $79.37 and a 1 year high of $106.11. The company has a market capitalization of $820.41 billion, a PE ratio of 38.68, a P/E/G ratio of 4.86 and a beta of 0.67. The company has a fifty day moving average of $101.08 and a two-hundred day moving average of $96.96.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data 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 net margin of 3.08% and a return on equity of 21.45%. The company had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The business's revenue was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, CTO Suresh Kumar sold 30,000 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $103.47, for a total value of $3,104,100.00. Following the completion of the transaction, the chief technology officer owned 1,787,200 shares in the company, valued at $184,921,584. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the transaction, the chief executive officer owned 4,392,985 shares of the company's stock, valued at $421,594,770.45. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,232 shares of company stock worth $15,083,877. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $118.00 price objective on shares of Walmart in a research report on Wednesday, September 24th. Wolfe Research initiated coverage on Walmart in a research report on Thursday, September 18th. They set an "outperform" rating and a $129.00 price objective on the stock. The Goldman Sachs Group upped their price objective on Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, Tigress Financial upped their price objective on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Thirty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $112.38.

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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