Broderick Brian C Lowers Position in Walmart Inc. $WMT

Key Points

• Broderick Brian C reduced its stake in Walmart by 43.2% during the second quarter, holding 4,400 shares valued at approximately $430,000 after selling 3,340 shares.
• Walmart's latest quarterly earnings showed earnings per share of $0.68, falling short of the expected $0.74, with revenue of $169.34 billion against a consensus estimate of $174.02 billion.
• Several analysts have rated Walmart as an "outperform," with target price estimates ranging from $110 to $129 per share and a consensus objective price of $112.38.

Broderick Brian C cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 43.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,400 shares of the retailer's stock after selling 3,340 shares during the period. Broderick Brian C's holdings in Walmart were worth $430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Secured Retirement Advisors LLC lifted its holdings in Walmart by 2.6% in the second quarter. Secured Retirement Advisors LLC now owns 15,722 shares of the retailer's stock worth $1,537,000 after buying an additional 396 shares during the period. Abel Hall LLC lifted its holdings in Walmart by 7.7% in the second quarter. Abel Hall LLC now owns 4,972 shares of the retailer's stock worth $486,000 after buying an additional 357 shares during the period. Proffitt & Goodson Inc. lifted its holdings in Walmart by 2.0% in the second quarter. Proffitt & Goodson Inc. now owns 10,524 shares of the retailer's stock worth $1,029,000 after buying an additional 210 shares during the period. REAP Financial Group LLC lifted its holdings in Walmart by 70.8% in the second quarter. REAP Financial Group LLC now owns 2,796 shares of the retailer's stock worth $273,000 after buying an additional 1,159 shares during the period. Finally, Sax Wealth Advisors LLC lifted its holdings in Walmart by 7.2% in the second quarter. Sax Wealth Advisors LLC now owns 10,416 shares of the retailer's stock worth $1,019,000 after buying an additional 702 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT opened at $102.90 on Thursday. The company has a market capitalization of $820.41 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 4.86 and a beta of 0.67. 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 50 day moving average of $101.08 and a 200 day moving average of $96.96. Walmart Inc. has a twelve month low of $79.37 and a twelve month high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results 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 for 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 was up 4.8% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. 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, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,610 shares of Walmart stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $103.71, for a total value of $166,973.10. Following the completion of the sale, the executive vice president owned 645,968 shares of the company's stock, valued at approximately $66,993,341.28. The trade was a 0.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,361,587.50. Following the completion of the sale, the executive vice president directly owned 906,064 shares of the company's stock, valued at approximately $93,995,079.36. This trade represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,232 shares of company stock valued at $15,083,877 over the last ninety days. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WMT. Evercore ISI restated an "outperform" rating and issued a $110.00 price objective (up from $108.00) on shares of Walmart in a report on Monday, August 18th. Wolfe Research initiated coverage on shares of Walmart in a research note on Thursday, September 18th. They set an "outperform" rating and a $129.00 target price for the company. Piper Sandler reiterated an "overweight" rating and set a $111.00 target price on shares of Walmart in a report on Wednesday, September 24th. Oppenheimer lifted their target price on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group lifted their target price on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Thirty research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $112.38.

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.

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. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.