Connors Investor Services Inc. Has $11.51 Million Position in Walmart Inc. $WMT

Key Points

• Connors Investor Services Inc. increased its holdings in Walmart Inc. by 2,703.3% during the 2nd quarter, bringing their total shares to 117,740, valued at $11.51 million.
• Walmart reported $0.68 earnings per share (EPS) for the last quarter, missing analysts' estimates of $0.74, and had a revenue of $169.34 billion, below the expected $174.02 billion.
• Analysts have a consensus rating of "Moderate Buy" for Walmart, with an average target price of $112.67, following several recent adjustments from firms like Goldman Sachs and Guggenheim.

Connors Investor Services Inc. raised its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 2,703.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,740 shares of the retailer's stock after buying an additional 113,540 shares during the period. Connors Investor Services Inc.'s holdings in Walmart were worth $11,513,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Weatherly Asset Management L. P. increased its stake in shares of Walmart by 7.0% during the 2nd quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer's stock worth $5,489,000 after purchasing an additional 3,696 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Walmart by 34.6% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer's stock worth $3,355,000 after purchasing an additional 9,831 shares during the last quarter. Ally Financial Inc. acquired a new position in shares of Walmart during the 1st quarter worth about $2,107,000. Night Squared LP acquired a new position in shares of Walmart during the 1st quarter worth about $1,052,000. Finally, Monument Capital Management increased its stake in shares of Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after purchasing an additional 26,685 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $107.75, for a total transaction of $431,000.00. Following the completion of the sale, the executive vice president owned 1,044,455 shares of the company's stock, valued at approximately $112,540,026.25. This represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,550 shares of the company's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $107.46, for a total transaction of $166,563.00. Following the sale, the executive vice president directly owned 644,418 shares of the company's stock, valued at approximately $69,249,158.28. This trade represents a 0.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,622 shares of company stock worth $13,444,273 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

Walmart Stock Performance

NYSE WMT opened at $107.05 on Thursday. 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 company has a market capitalization of $853.47 billion, a P/E ratio of 40.24, a P/E/G ratio of 5.00 and a beta of 0.67. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $109.57. The firm has a 50-day moving average price of $101.92 and a two-hundred day moving average price of $98.28.

Walmart (NYSE:WMT - Get Free Report) last posted 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). The business had revenue of $169.34 billion during 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%. The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WMT. The Goldman Sachs Group boosted their price objective on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Guggenheim reaffirmed a "buy" rating and set a $115.00 target price (up previously from $112.00) on shares of Walmart in a report on Monday, August 18th. JPMorgan Chase & Co. reduced their target price on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $111.00 target price on shares of Walmart in a report on Wednesday, September 24th. Finally, BTIG Research assumed coverage on shares of Walmart in a report on Tuesday, October 14th. They set a "buy" rating and a $120.00 target price for the company. Thirty-one research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $112.67.

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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