Cullinan Associates Inc. Cuts Stake in Walmart Inc. $WMT

Key Points

• Cullinan Associates Inc. reduced its stake in Walmart Inc. by 1.8% during the second quarter, now holding 567,621 shares valued at approximately $55.5 million.
• Walmart's latest earnings report showed an EPS of $0.68, missing estimates by $0.06, with revenues of $169.34 billion for the quarter.
• Analysts give Walmart a consensus rating of "Moderate Buy", with an average price target of $112.38, reflecting confidence in the retailer's future performance.

Cullinan Associates Inc. lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,621 shares of the retailer's stock after selling 10,522 shares during the quarter. Walmart comprises 3.7% of Cullinan Associates Inc.'s investment portfolio, making the stock its 6th biggest holding. Cullinan Associates Inc.'s holdings in Walmart were worth $55,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Operose Advisors LLC boosted its position in shares of 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 in the last quarter. PFS Partners LLC boosted its position in shares of Walmart by 267.8% during the 2nd 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% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its position in shares of Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Walmart stock opened at $102.70 on Tuesday. Walmart Inc. has a 52 week low of $78.98 and a 52 week high of $106.11. The company's 50 day moving average price is $100.88 and its two-hundred day moving average price is $96.87. 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 stock has a market cap of $818.81 billion, a P/E ratio of 38.61, a P/E/G ratio of 4.81 and a beta of 0.67.

Walmart (NYSE:WMT - Get Free Report) last posted 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). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same period in the prior year, the business earned $0.67 EPS. Walmart's quarterly revenue 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 predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Activity

In other news, CTO Suresh Kumar sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the sale, the chief technology officer owned 1,787,200 shares in the company, valued at $184,921,584. This trade represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the sale, the executive vice president owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,232 shares of company stock worth $15,083,877 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent research reports. Wolfe Research initiated coverage on shares of Walmart in a research report on Thursday, September 18th. They issued an "outperform" rating and a $129.00 price target on the stock. Truist Financial dropped their price target on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the company an "outperform" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Thirty analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.

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