Bard Financial Services Inc. Sells 3,100 Shares of Walmart Inc. $WMT

Key Points

• Bard Financial Services Inc. has sold 3,100 shares of Walmart Inc., reducing its stake by 1.0%, bringing its total holdings to approximately 309,095 shares valued at $30.2 million.
• Walmart's latest earnings report showed an EPS of $0.68, missing expectations, and revenues of $169.34 billion, which were below analyst estimates of $174.02 billion.
• Analyst targets for Walmart's stock vary with upgrades from Tigress Financial to $125.00 and reductions from JPMorgan Chase & Co. to $127.00, but the overall consensus rating remains a "Buy."

Bard Financial Services Inc. reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,095 shares of the retailer's stock after selling 3,100 shares during the period. Walmart comprises approximately 3.6% of Bard Financial Services Inc.'s investment portfolio, making the stock its 3rd largest position. Bard Financial Services Inc.'s holdings in Walmart were worth $30,223,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake 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 purchasing an additional 3,224,154 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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 purchasing an additional 7,706,201 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Walmart by 1.3% during the 1st quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock worth $2,710,665,000 after buying an additional 387,424 shares during the period. Invesco Ltd. boosted its position 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 period. Finally, Nuveen LLC acquired a new stake in Walmart during the 1st quarter worth approximately $2,532,331,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.8%

Shares of NYSE WMT opened at $103.48 on Monday. The company has a market capitalization of $825.03 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 4.97 and a beta of 0.65. Walmart Inc. has a 52-week low of $77.49 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The company's 50 day moving average price is $98.71 and its 200-day moving average price is $95.39.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (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 analyst estimates of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm 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. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on WMT. Tigress Financial lifted their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. cut their target price on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Mizuho reiterated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Wednesday, August 13th. Truist Financial cut their target price on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, Oppenheimer lifted their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $110.76.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total value of $1,863,353.52. Following the completion of the sale, the chief executive officer owned 4,392,985 shares in the company, valued at $421,594,770.45. The trade was a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the completion of the sale, the executive vice president owned 919,189 shares of the company's stock, valued at $90,586,075.95. This represents a 1.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,622 shares of company stock worth $11,551,646 over the last ninety days. 0.10% of the stock is owned by company insiders.

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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