Canada Pension Plan Investment Board Trims Stake in Walmart Inc. $WMT

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Walmart by 66.7%, owning 2,664,390 shares worth approximately $233.9 million after selling over 5 million shares in the first quarter.
• Walmart posted a missed earnings estimate for Q2 2026, reporting earnings per share of $0.68, falling short of the expected $0.74, while year-over-year revenue grew by 4.8%.
• Analysts maintain a consensus rating of "Buy" for Walmart, with price targets set by various firms ranging from $106.00 to $118.00 following the latest earnings report.

Canada Pension Plan Investment Board lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 66.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,664,390 shares of the retailer's stock after selling 5,326,414 shares during the quarter. Canada Pension Plan Investment Board's holdings in Walmart were worth $233,907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Operose Advisors LLC grew its position in Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the last quarter. Bear Mountain Capital Inc. boosted its stake in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares during the period. EQ Wealth Advisors LLC purchased a new stake in Walmart during the 1st quarter valued at approximately $35,000. Finally, Lipe & Dalton lifted its position in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, July 24th. The stock was 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 $421,737,000.84. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Friday, August 1st. The shares were 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. Insiders have sold a total of 101,966 shares of company stock worth $9,858,673 over the last ninety days. 0.10% of the stock is owned by insiders.

Walmart Stock Performance

Walmart stock opened at $96.11 on Friday. The stock has a fifty day moving average price of $98.11 and a 200 day moving average price of $95.45. Walmart Inc. has a 52 week low of $75.67 and a 52 week high of $105.30. The firm has a market capitalization of $767.02 billion, a P/E ratio of 36.13, a PEG ratio of 4.62 and a beta of 0.66. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results 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 analyst estimates of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.Walmart's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $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 research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on WMT. Sanford C. Bernstein set a $117.00 price objective on shares of Walmart and gave the company an "outperform" rating in a research report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $106.00 price objective on shares of Walmart in a research report on Friday, August 22nd. Telsey Advisory Group boosted their target price on Walmart from $115.00 to $118.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. DA Davidson restated a "buy" rating and issued a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. Finally, Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $110.59.

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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