BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 29,261 Shares of Walmart Inc. $WMT

Key Points

• British Columbia Investment Management Corp increased its Walmart shares by 2.7%, acquiring an additional 29,261 shares, bringing its total to 1,124,073 shares valued at approximately $98.68 million.
• Walmart reported a quarterly earnings miss, with earnings per share (EPS) at $0.68, below the consensus estimate of $0.74, and revenue of $169.34 billion, missing expectations of $174.02 billion.
• The company announced a dividend of $0.235, payable on September 2nd, providing a yield of 90.0%, with an ex-dividend date of August 15th.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,124,073 shares of the retailer's stock after acquiring an additional 29,261 shares during the period. Walmart comprises approximately 0.6% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings, making the stock its 29th largest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Walmart were worth $98,682,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Haverford Trust Co lifted its stake in shares of Walmart by 0.4% during the 1st quarter. Haverford Trust Co now owns 82,058 shares of the retailer's stock valued at $7,204,000 after buying an additional 297 shares in the last quarter. Groupe la Francaise lifted its stake in shares of Walmart by 27.2% during the 1st quarter. Groupe la Francaise now owns 773,083 shares of the retailer's stock valued at $66,166,000 after buying an additional 165,210 shares in the last quarter. Sax Wealth Advisors LLC lifted its stake in shares of Walmart by 6.3% during the 1st quarter. Sax Wealth Advisors LLC now owns 9,714 shares of the retailer's stock valued at $853,000 after buying an additional 579 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of Walmart by 70.3% during the 1st quarter. AlphaQuest LLC now owns 7,467 shares of the retailer's stock valued at $656,000 after buying an additional 3,083 shares in the last quarter. Finally, Cutler Capital Management LLC purchased a new position in shares of Walmart during the 1st quarter valued at $122,000. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

NYSE:WMT opened at $96.8190 on Friday. The firm has a market capitalization of $772.66 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 4.75 and a beta of 0.66. Walmart Inc. has a 1 year low of $75.01 and a 1 year high of $105.30. The business has a 50 day simple moving average of $97.99 and a 200-day simple moving average of $95.63. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.22.

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). The company 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%. Walmart's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business 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. Equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a $0.235 dividend. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's dividend payout ratio is 35.34%.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the sale, the executive vice president directly owned 932,313 shares of the company's stock, valued at $88,700,258.82. This represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,655 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $100.38, for a total transaction of $166,128.90. Following the completion of the sale, the executive vice president directly owned 647,578 shares in the company, valued at $65,003,879.64. This trade represents a 0.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,841 shares of company stock worth $8,565,205 over the last three months. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMT. DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. KeyCorp lifted their target price on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. decreased their price target on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $110.07.

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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