Cove Private Wealth LLC Raises Stock Holdings in Walmart Inc. $WMT

Key Points

• Cove Private Wealth LLC increased its stock holdings in Walmart Inc. by 99.1% during the 2nd quarter, now owning 22,240 shares valued at approximately $2.175 million.
• Walmart reported earnings of $0.68 EPS for the last quarter, missing estimates of $0.74, with revenue of $169.34 billion compared to an expected $174.02 billion.
• Equity analysts have shown confidence in Walmart's stock, with targets set as high as $118.00 and a consensus rating of "Moderate Buy".

Cove Private Wealth LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 99.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,240 shares of the retailer's stock after buying an additional 11,069 shares during the quarter. Cove Private Wealth LLC's holdings in Walmart were worth $2,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC lifted its position in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after buying an additional 243 shares during the period. PFS Partners LLC lifted its position in Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer's stock worth $31,000 after buying an additional 233 shares during the period. Bear Mountain Capital Inc. lifted its position in 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 lifted its position in Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after buying an additional 294 shares during the period. Finally, Ridgewood Investments LLC lifted its position in Walmart by 55.3% during the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock worth $32,000 after buying an additional 115 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

NYSE WMT opened at $103.14 on Friday. The firm has a market capitalization of $822.32 billion, a P/E ratio of 38.77, a P/E/G ratio of 4.86 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $78.98 and a 1-year high of $106.11. The business's 50-day simple moving average is $100.16 and its 200-day simple moving average is $96.03.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous 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 analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Friday, September 19th. The stock was 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 approximately $108,861,082.65. This trade represents a 0.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,610 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $103.71, for a total value of $166,973.10. Following the sale, the executive vice president owned 645,968 shares in the company, valued at approximately $66,993,341.28. The trade was a 0.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,232 shares of company stock worth $15,077,519. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WMT shares. Oppenheimer increased their target price on Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Piper Sandler restated an "overweight" rating and issued a $111.00 price objective on shares of Walmart in a report on Wednesday. Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $118.00 price objective on shares of Walmart in a research note on Wednesday. Finally, Sanford C. Bernstein set a $117.00 price objective on Walmart and gave the company an "outperform" rating in a research note on Friday, August 22nd. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Walmart has an average rating of "Moderate Buy" and a consensus target price of $112.38.

Walmart Company 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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.