Cadence Bank Has $27.04 Million Stock Holdings in Walmart Inc. $WMT

Key Points

• Cadence Bank reduced its stake in Walmart Inc. by 0.9% in Q1, now holding 307,974 shares worth approximately $27 million.
• Several institutional investors, including Eagle Capital Management and Brighton Jones, increased their positions in Walmart in recent months, indicating ongoing interest in the stock.
• Walmart's recent earnings report showed a miss on EPS estimates and a revenue of $169.34 billion, prompting analysts to adjust target prices, with a consensus price target of $110.07.

Cadence Bank reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,974 shares of the retailer's stock after selling 2,787 shares during the period. Walmart makes up about 1.9% of Cadence Bank's holdings, making the stock its 7th largest holding. Cadence Bank's holdings in Walmart were worth $27,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. Eagle Capital Management LLC raised its position in shares of Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after buying an additional 485 shares during the period. Highview Capital Management LLC DE increased its holdings in shares of Walmart by 4.9% in the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after buying an additional 1,720 shares during the period. Finally, Burling Wealth Partners LLC purchased a new position in shares of Walmart in the fourth quarter worth about $376,000. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WMT. Mizuho reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research note on Wednesday, August 13th. Citigroup reissued a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Tigress Financial raised their target price on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. cut their target price on Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, KeyCorp raised their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. One investment 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 company. According to data from MarketBeat.com, Walmart has an average rating of "Buy" and a consensus price target of $110.07.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.24, for a total transaction of $380,960.00. Following the transaction, the executive vice president directly owned 1,060,455 shares of the company's stock, valued at approximately $100,997,734.20. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $98.30, for a total transaction of $216,260.00. Following the transaction, the executive vice president directly owned 626,118 shares in the company, valued at approximately $61,547,399.40. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 88,841 shares of company stock valued at $8,565,205. 0.10% of the stock is owned by insiders.

Walmart Price Performance

Shares of WMT opened at $96.8190 on Friday. The firm has a market cap of $772.66 billion, a PE ratio of 36.40, a P/E/G ratio of 4.75 and a beta of 0.66. The company has a current ratio of 0.79, a quick ratio of 0.22 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $97.99 and a two-hundred day simple moving average of $95.63. Walmart Inc. has a 1-year low of $75.01 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued 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). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same period in the previous year, the firm earned $0.67 EPS. The company's revenue was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart's dividend payout ratio (DPR) is 35.34%.

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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