Capital Investment Counsel LLC Trims Holdings in Walmart Inc. $WMT

Key Points

• Capital Investment Counsel LLC reduced its holdings in Walmart by 3.6% in the first quarter, now owning 96,142 shares valued at $8.44 million.
• Walmart reported quarterly earnings of $0.68 per share, falling short of the consensus estimate of $0.74, and its revenue of $169.34 billion was below expectations of $174.02 billion.
• Equities analysts remain positive on Walmart, with a consensus rating of "Buy" and a target price of $110.59, despite recent adjustments from several research firms.

Capital Investment Counsel LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,142 shares of the retailer's stock after selling 3,550 shares during the period. Walmart makes up about 1.4% of Capital Investment Counsel LLC's holdings, making the stock its 20th largest holding. Capital Investment Counsel LLC's holdings in Walmart were worth $8,440,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Whelan Financial boosted its stake in Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after buying an additional 97 shares during the period. Bedel Financial Consulting Inc. boosted its stake in Walmart by 0.4% during the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after buying an additional 102 shares during the period. Scott & Selber Inc. boosted its stake in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after buying an additional 105 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after buying an additional 105 shares during the period. Finally, Lauterbach Financial Advisors LLC boosted its stake in Walmart by 1.8% during the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock valued at $517,000 after buying an additional 106 shares during the period. Institutional investors own 26.76% of the company's stock.

Walmart Stock Up 0.9%

WMT opened at $96.97 on Monday. The company has a market cap of $773.85 billion, a P/E ratio of 36.45, a P/E/G ratio of 4.66 and a beta of 0.65. The business's 50-day moving average price is $98.12 and its 200-day moving average price is $95.29. 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 Inc. has a 12 month low of $75.67 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 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 analysts' expectations of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. On average, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WMT shares. Guggenheim reissued a "buy" rating and set a $115.00 price objective (up previously from $112.00) on shares of Walmart in a research note on Monday, August 18th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Oppenheimer raised their price target on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lowered their price target on Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $110.59.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the completion of the transaction, the executive vice president owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. This represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,766 shares of company stock worth $9,640,873 in the last ninety days. Corporate insiders own 0.10% of the company's stock.

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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