Beck Mack & Oliver LLC Sells 7,758 Shares of Walmart Inc. $WMT

Key Points

• Beck Mack & Oliver LLC reduced its stake in Walmart Inc. by 2.5%, selling 7,758 shares during the first quarter, leaving them with 305,626 shares valued at approximately $26.83 million.
• Multiple large institutional investors significantly increased their holdings in Walmart, with GAMMA Investing LLC growing its position by 9,896.9% and Ontario Teachers Pension Plan Board increasing by 28,684.8% in the same timeframe.
• Walmart recently reported a miss on earnings estimates for the quarter, with an EPS of $0.68 against a consensus of $0.74, alongside a revenue of $169.34 billion, which was below expectations of $174.02 billion.

Beck Mack & Oliver LLC decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,626 shares of the retailer's stock after selling 7,758 shares during the period. Beck Mack & Oliver LLC's holdings in Walmart were worth $26,831,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Nuveen LLC bought a new position in Walmart during the first quarter worth $2,532,331,000. GAMMA Investing LLC grew its holdings in Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after purchasing an additional 7,860,306 shares during the period. Goldman Sachs Group Inc. grew its holdings in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after purchasing an additional 7,706,201 shares during the period. Wellington Management Group LLP grew its holdings in shares of Walmart by 527.1% during the first quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock valued at $591,620,000 after buying an additional 5,664,484 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in shares of Walmart by 28,684.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock valued at $371,295,000 after buying an additional 4,214,661 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the sale, the executive vice president directly owned 932,313 shares of the company's stock, valued at $88,700,258.82. This represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer directly owned 4,412,398 shares in the company, valued at $421,737,000.84. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,966 shares of company stock valued at $9,858,673 over the last quarter. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WMT shares. Mizuho reissued an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Wednesday, August 13th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Truist Financial lowered their price target 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $106.00 price objective on shares of Walmart in a research note on Friday, August 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $110.59.

Walmart Stock Up 0.9%

Shares of NYSE WMT opened at $96.97 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 12 month low of $75.67 and a 12 month high of $105.30. The firm has a market capitalization of $773.85 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 4.66 and a beta of 0.66. The firm has a fifty day simple moving average of $98.12 and a two-hundred day simple moving average of $95.36.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. During the same quarter last year, the company posted $0.67 earnings per share. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share 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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