Cidel Asset Management Inc. Cuts Position in Walmart Inc. $WMT

Key Points

• Cidel Asset Management Inc. reduced its stake in Walmart Inc. by 8.8%, selling 2,801 shares and leaving it with a total of 29,109 shares worth approximately $2.846 million.
• Insider sales were reported, with EVP Kathryn J. Mclay selling 4,000 shares and EVP John D. Rainey selling 2,200 shares in recent transactions.
• Walmart's most recent earnings report revealed earnings per share of $0.68, missing analyst estimates of $0.74, while revenue was reported at $169.34 billion.

Cidel Asset Management Inc. lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,109 shares of the retailer's stock after selling 2,801 shares during the quarter. Cidel Asset Management Inc.'s holdings in Walmart were worth $2,846,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC increased its holdings in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after purchasing an additional 243 shares in the last quarter. PFS Partners LLC lifted its stake in shares of Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer's stock worth $31,000 after purchasing an additional 233 shares in the last quarter. Bear Mountain Capital Inc. boosted its position in shares of Walmart by 98.2% in 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 grew its stake in shares of Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after buying an additional 294 shares in the last quarter. Finally, Ridgewood Investments LLC raised its holdings in shares of Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock valued at $32,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the sale, the executive vice president directly owned 1,048,455 shares in the company, valued at $108,861,082.65. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $101.33, for a total transaction of $222,926.00. Following the completion of the transaction, the executive vice president owned 621,718 shares of the company's stock, valued at $62,998,684.94. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,038 shares of company stock valued at $15,249,614 in the last ninety days. Insiders own 0.10% of the company's stock.

Walmart Trading Up 1.3%

NYSE WMT opened at $107.80 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a one year low of $79.81 and a one year high of $109.57. The company has a 50-day simple moving average of $101.69 and a 200-day simple moving average of $97.92. The firm has a market capitalization of $859.50 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 5.08 and a beta of 0.67.

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 analysts' consensus estimates of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. 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 forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Guggenheim reaffirmed a "buy" rating and issued a $115.00 price objective (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of Walmart in a report on Wednesday, October 8th. Telsey Advisory Group restated an "outperform" rating and set a $118.00 target price on shares of Walmart in a research note on Wednesday, September 24th. Wolfe Research began coverage on Walmart in a research note on Thursday, September 18th. They issued an "outperform" rating and a $129.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Thirty-one equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.63.

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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