Bleakley Financial Group LLC Boosts Stock Position in Walmart Inc. $WMT

Key Points

• Bleakley Financial Group LLC increased its stake in Walmart Inc. by 6.2% during the second quarter, acquiring a total of 138,696 shares valued at approximately $13.56 million.
• Walmart's CEO, C Douglas Mcmillon, recently sold 19,416 shares for about $2 million, reducing his total ownership by 0.44%.
• Analysts have largely maintained a positive outlook on Walmart, with a consensus target price of $112.67 and several firms issuing "buy" or "outperform" ratings.

Bleakley Financial Group LLC increased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,696 shares of the retailer's stock after purchasing an additional 8,127 shares during the quarter. Bleakley Financial Group LLC's holdings in Walmart were worth $13,562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bedel Financial Consulting Inc. grew its holdings in Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after buying an additional 102 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Walmart by 1.1% in the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer's stock valued at $961,000 after acquiring an additional 103 shares during the period. Scott & Selber Inc. boosted its position in shares of Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares during the period. Capital Advisors Wealth Management LLC grew its stake in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after acquiring an additional 105 shares in the last quarter. Finally, RoundAngle Advisors LLC increased its holdings in Walmart by 0.4% during the 2nd quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer's stock worth $2,542,000 after acquiring an additional 105 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the transaction, the chief executive officer owned 4,373,576 shares of the company's stock, valued at approximately $451,396,778.96. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Suresh Kumar sold 30,000 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the sale, the chief technology officer directly owned 1,787,200 shares of the company's stock, valued at $184,921,584. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,622 shares of company stock valued at $13,444,273. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on WMT shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Walmart in a research note on Wednesday, October 8th. Mizuho reissued an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Oppenheimer boosted their target price on Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Sanford C. Bernstein set a $117.00 target price on Walmart and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Finally, Bank of America lifted their price target on Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Thirty-one research 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.67.

Walmart Trading Up 0.8%

NYSE WMT opened at $107.05 on Thursday. 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 stock's 50-day simple moving average is $101.92 and its two-hundred day simple moving average is $98.28. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $109.57. The company has a market capitalization of $853.47 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 5.00 and a beta of 0.67.

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 analysts' consensus estimates of $0.74 by ($0.06). The firm had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.Walmart's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

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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