Beech Hill Advisors Inc. Has $2.69 Million Holdings in Walmart Inc. $WMT

Key Points

• Beech Hill Advisors Inc. reduced its holdings in Walmart Inc. by 20.4%, owning 27,516 shares valued at $2.69 million after selling 7,066 shares in the second quarter.
• Walmart missed earnings expectations for the last quarter, reporting $0.68 EPS compared to the estimated $0.74, with revenues also below forecasts at $169.34 billion.
• Analysts have varied price targets for Walmart’s stock, with Truist Financial lowering its target from $111 to $109, and Piper Sandler maintaining an overweight rating with a target of $111.

Beech Hill Advisors Inc. trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 20.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,516 shares of the retailer's stock after selling 7,066 shares during the quarter. Beech Hill Advisors Inc.'s holdings in Walmart were worth $2,691,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WMT. Smith Thornton Advisors LLC boosted its position in shares of Walmart by 5.6% in the second quarter. Smith Thornton Advisors LLC now owns 19,670 shares of the retailer's stock worth $1,923,000 after buying an additional 1,042 shares during the period. Pacific Sun Financial Corp lifted its stake in Walmart by 22.8% in the 2nd quarter. Pacific Sun Financial Corp now owns 3,429 shares of the retailer's stock worth $335,000 after acquiring an additional 637 shares in the last quarter. TLW Wealth Management LLC boosted its position in Walmart by 0.3% during the 2nd quarter. TLW Wealth Management LLC now owns 161,904 shares of the retailer's stock worth $15,831,000 after acquiring an additional 445 shares during the period. Dupree Financial Group LLC acquired a new stake in Walmart during the 2nd quarter worth about $203,000. Finally, IMG Wealth Management Inc. grew its stake in Walmart by 19.3% during the 2nd quarter. IMG Wealth Management Inc. now owns 1,977 shares of the retailer's stock valued at $193,000 after acquiring an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

NYSE WMT opened at $107.06 on Tuesday. The stock has a 50-day simple moving average of $101.75 and a 200 day simple moving average of $98.16. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $109.57. The stock has a market capitalization of $853.60 billion, a PE ratio of 40.25, a P/E/G ratio of 5.08 and a beta of 0.67. 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 (NYSE:WMT - Get Free Report) last posted 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 return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The business'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. Research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on WMT. Truist Financial decreased their price target on shares of Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a report on Friday, August 22nd. JPMorgan Chase & Co. lowered their price target on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Piper Sandler restated an "overweight" rating and issued a $111.00 target price on shares of Walmart in a research note on Wednesday, September 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $106.00 price target on shares of Walmart in a research note on Friday, August 22nd. Finally, BTIG Research started coverage on Walmart in a research note on Tuesday, October 14th. They issued a "buy" rating and a $120.00 price target for the company. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $112.63.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the transaction, the chief executive officer owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $103.74, for a total transaction of $1,361,587.50. Following the sale, the executive vice president owned 906,064 shares in the company, valued at approximately $93,995,079.36. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,038 shares of company stock valued at $14,869,054 in the last ninety days. 0.10% of the stock is currently owned by 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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