Bristol Gate Capital Partners Inc. purchased a new position in shares of Walmart Inc. (NASDAQ:WMT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 536,487 shares of the retailer's stock, valued at approximately $60,763,000. Walmart comprises approximately 4.2% of Bristol Gate Capital Partners Inc.'s holdings, making the stock its 16th biggest position.
Several other hedge funds and other institutional investors have also made changes to their positions in WMT. State Street Corp increased its holdings in Walmart by 1.2% during the 3rd quarter. State Street Corp now owns 184,805,978 shares of the retailer's stock valued at $19,046,104,000 after acquiring an additional 2,242,364 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Walmart by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer's stock valued at $11,426,753,000 after purchasing an additional 6,517,394 shares in the last quarter. Norges Bank purchased a new stake in shares of Walmart in the fourth quarter valued at about $6,458,529,000. Fisher Asset Management LLC grew its position in shares of Walmart by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer's stock valued at $4,526,238,000 after purchasing an additional 328,229 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Walmart by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 36,820,550 shares of the retailer's stock valued at $4,102,546,000 after purchasing an additional 920,969 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.
Insiders Place Their Bets
In other news, EVP Daniel J. Bartlett sold 3,775 shares of Walmart stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total value of $413,891.00. Following the completion of the sale, the executive vice president owned 630,009 shares of the company's stock, valued at $69,074,186.76. The trade was a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel Danker sold 50,644 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $105.35, for a total value of $5,335,345.40. Following the completion of the transaction, the executive vice president owned 201,672 shares of the company's stock, valued at $21,246,145.20. The trade was a 20.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 77,292 shares of company stock worth $8,421,143. 0.09% of the stock is owned by company insiders.
More Walmart News
Here are the key news stories impacting Walmart this week:
- Positive Sentiment: Walmart’s fiscal second-quarter results showed continued momentum beyond traditional store sales: revenue reached approximately $187.9 billion, global e-commerce grew 23%, and advertising revenue increased 38%. These higher-growth businesses could support future margins and cash flow. Walmart Growth Engine Hums
- Positive Sentiment: Analysts and commentary continue to point to Walmart’s expanding e-commerce, digital advertising, memberships, convenience-led fulfillment, automation and AI initiatives as reasons the recent decline could represent a long-term buying opportunity. Walmart’s scale and value-focused pricing remain important competitive advantages. Walmart Continues to Grow Beyond Retail
- Neutral Sentiment: Walmart settled a U.S. Justice Department lawsuit alleging that its pharmacies unlawfully contributed to the opioid epidemic. Resolving the case removes an overhang and reduces legal uncertainty, although the financial terms and any broader implications remain important for investors. Walmart Settles U.S. Opioid Lawsuit
- Negative Sentiment: Recent coverage highlights a potentially tougher consumer environment. Walmart’s comparable sales growth was 3.4% excluding pharmacy-related items, while middle-income shoppers appear increasingly focused on necessities and limiting discretionary purchases. Walmart and Home Depot Results
- Negative Sentiment: Investors are also questioning whether Walmart’s valuation adequately reflects its strong performance. A high earnings multiple, slower core sales growth and the stock’s position below its moving averages have amplified the impact of the recent selloff. Walmart Selloff Analysis
- Negative Sentiment: Executive Vice President Daniel Danker sold 50,644 shares worth approximately $5.3 million. The sale was made under a pre-arranged Rule 10b5-1 plan to cover taxes on vested equity awards, making it a weaker bearish signal than discretionary insider selling. Walmart Insider Trading Filing
Walmart Stock Performance
NASDAQ:WMT opened at $103.09 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23. The firm has a market cap of $820.40 billion, a PE ratio of 37.22, a P/E/G ratio of 3.92 and a beta of 0.61. The firm has a 50 day simple moving average of $111.90 and a 200-day simple moving average of $120.45. Walmart Inc. has a 1-year low of $95.79 and a 1-year high of $135.15.
Walmart (NASDAQ:WMT - Get Free Report) last announced its earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.07. The firm had revenue of $187.94 billion for the quarter, compared to analyst estimates of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. Walmart's revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, equities analysts expect that Walmart Inc. will post 2.87 EPS for the current year.
Analysts Set New Price Targets
WMT has been the subject of several research reports. Telsey Advisory Group restated an "outperform" rating and set a $130.00 price objective (down from $140.00) on shares of Walmart in a research report on Friday, August 21st. The Goldman Sachs Group reiterated a "buy" rating and set a $130.00 target price on shares of Walmart in a report on Friday, August 21st. Royal Bank Of Canada dropped their price target on Walmart from $137.00 to $131.00 and set an "outperform" rating for the company in a research report on Friday, August 21st. BMO Capital Markets reissued an "outperform" rating and issued a $126.00 price target on shares of Walmart in a report on Friday, August 21st. Finally, Roth Capital restated a "buy" rating on shares of Walmart in a research report on Friday, August 21st. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.88.
Check Out Our Latest Stock Report on WMT
Walmart Company Profile
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Free Report)
Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.
The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.
See Also
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NASDAQ:WMT - Free Report).
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