Curi RMB Capital LLC Decreases Stake in Walmart Inc. $WMT

Key Points

• Curi RMB Capital LLC reduced its stake in Walmart Inc. by 19.8% in the first quarter, owning 11,528 shares valued at approximately $1.015 million after the sale.
• Several hedge funds have increased their positions in Walmart, including Goldman Sachs Group Inc., which raised its stake by 30.1%, now holding shares worth about $2.92 billion.
• Walmart's recent earnings report showed $0.68 earnings per share, missing analysts' estimates, and the company reported a revenue of $169.34 billion, slightly below expectations.

Curi RMB Capital LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 19.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,528 shares of the retailer's stock after selling 2,851 shares during the period. Curi RMB Capital LLC's holdings in Walmart were worth $1,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Walmart by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after buying an additional 3,224,154 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after purchasing an additional 7,706,201 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Walmart by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock worth $2,710,665,000 after purchasing an additional 387,424 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Walmart by 0.8% during the 4th quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock valued at $2,696,396,000 after purchasing an additional 233,040 shares during the period. Finally, Invesco Ltd. increased its position in shares of Walmart by 2.9% during the 1st quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock valued at $2,562,427,000 after purchasing an additional 823,020 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WMT. The Goldman Sachs Group raised their price objective on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. KeyCorp lifted their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Royal Bank Of Canada reissued an "outperform" rating and set a $106.00 price objective on shares of Walmart in a research report on Friday, August 22nd. Guggenheim reiterated a "buy" rating and set a $115.00 target price (up from $112.00) on shares of Walmart in a research report on Monday, August 18th. Finally, Mizuho reissued an "outperform" rating and set a $115.00 price target on shares of Walmart in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $110.76.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the sale, the executive vice president owned 919,189 shares of the company's stock, valued at $90,586,075.95. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the sale, the executive vice president owned 623,918 shares in the company, valued at approximately $60,750,895.66. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,382 shares of company stock valued at $11,718,441 in the last three months. Corporate insiders own 0.10% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $100.45 on Friday. The firm has a market cap of $800.85 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 4.85 and a beta of 0.65. The firm has a fifty day moving average price of $98.29 and a 200 day moving average price of $95.24. Walmart Inc. has a fifty-two week low of $76.30 and a fifty-two week high of $105.30. 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 (NYSE:WMT - Get Free Report) last announced its quarterly earnings results 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). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business's revenue was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

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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