Birmingham Capital Management Co. Inc. AL Cuts Stake in Walmart Inc. $WMT

Key Points

• Birmingham Capital Management Co. Inc. significantly reduced its holding in Walmart Inc. by 70.5%, selling 15,700 shares and leaving it with 6,560 shares valued at $641,000.
• Several hedge funds have altered their positions in Walmart, with Vanguard Group Inc. increasing its stake by 0.8% and Kingstone Capital Partners Texas LLC raising its position by an astonishing 397,264.9% during the second quarter.
• Walmart's quarterly earnings report showed a miss in earnings per share, reporting $0.68 compared to expectations of $0.74, while its revenue for the quarter reached $169.34 billion.

Birmingham Capital Management Co. Inc. AL cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 70.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,560 shares of the retailer's stock after selling 15,700 shares during the quarter. Birmingham Capital Management Co. Inc. AL's holdings in Walmart were worth $641,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Walmart by 0.8% in the first 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 during the period. Kingstone Capital Partners Texas LLC raised its position in Walmart by 397,264.9% in the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Walmart by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock worth $2,710,665,000 after acquiring an additional 387,424 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Walmart by 2.9% during the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after acquiring an additional 823,020 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 1.3%

Shares of Walmart stock opened at $107.80 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a market cap of $859.50 billion, a P/E ratio of 40.53, a P/E/G ratio of 5.08 and a beta of 0.67. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $109.57. The business has a 50-day moving average price of $101.69 and a 200 day moving average price of $98.00.

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

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $103.74, for a total value of $1,361,587.50. Following the completion of the transaction, the executive vice president directly owned 906,064 shares in the company, valued at $93,995,079.36. The trade was a 1.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred 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 of the company's stock, valued at approximately $421,737,000.84. The trade was a 0.44% 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 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of analyst reports. Guggenheim reaffirmed a "buy" rating and set a $115.00 target price (up from $112.00) on shares of Walmart in a research report on Monday, August 18th. Bank of America lifted their target price on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. Tigress Financial lifted their target price on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Mizuho reaffirmed an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Wednesday, August 13th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $110.00 target price (up from $108.00) on shares of Walmart in a research report on Monday, August 18th. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $112.63.

About Walmart

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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