Bright Rock Capital Management LLC Sells 30,000 Shares of Walmart Inc. $WMT

Key Points

• Bright Rock Capital Management LLC reduced its stake in Walmart Inc. by 30.3% during the second quarter, selling 30,000 shares and holding 69,000 shares valued at approximately $6.75 million.
• Walmart reported earnings of $0.68 per share for the last quarter, which was below the estimated $0.74, with revenues of $169.34 billion missing expectations of $174.02 billion.
• Several analysts have updated their ratings and price targets for Walmart, with Wolfe Research setting a new price objective of $129.00 and the consensus price target being $112.03.

Bright Rock Capital Management LLC trimmed its stake in Walmart Inc. (NYSE:WMT - Free Report) by 30.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,000 shares of the retailer's stock after selling 30,000 shares during the quarter. Bright Rock Capital Management LLC's holdings in Walmart were worth $6,747,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Vanguard Group Inc. grew its position in Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock valued at $37,395,120,000 after acquiring an additional 3,224,154 shares during the period. Goldman Sachs Group Inc. grew its position in Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after acquiring an additional 7,706,201 shares during the period. Ameriprise Financial Inc. grew its position in Walmart by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock valued at $2,710,665,000 after acquiring an additional 387,424 shares during the period. Invesco Ltd. grew its position in Walmart by 2.9% during the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock valued at $2,562,427,000 after acquiring an additional 823,020 shares during the period. Finally, Nuveen LLC purchased a new stake in Walmart during the first quarter valued at about $2,532,331,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMT. Bank of America boosted their price target on Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday. Sanford C. Bernstein set a $117.00 target price on Walmart and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Oppenheimer increased their price target on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Royal Bank Of Canada reissued an "outperform" rating and issued a $106.00 price target on shares of Walmart in a report on Friday, August 22nd. Finally, Evercore ISI reissued an "outperform" rating and issued a $110.00 price target (up previously from $108.00) on shares of Walmart in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $112.03.

Walmart Stock Performance

WMT traded down $1.20 during trading hours on Friday, hitting $102.40. The company's stock had a trading volume of 34,721,159 shares, compared to its average volume of 16,094,947. Walmart Inc. has a fifty-two week low of $78.11 and a fifty-two week high of $106.11. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $816.42 billion, a PE ratio of 38.50, a PEG ratio of 4.88 and a beta of 0.65. The company has a 50-day simple moving average of $99.40 and a 200 day simple moving average of $95.64.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results 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 net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm's revenue 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. As a group, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the transaction, the executive vice president directly owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This trade represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the chief executive officer directly 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 134,107 shares of company stock worth $13,183,727 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Walmart Company 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.