Deroy & Devereaux Private Investment Counsel Inc. Cuts Stake in Walmart Inc. $WMT

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. significantly reduced its stake in Walmart Inc. by 78.4%, holding only 2,475 shares worth $242,000 as of the latest SEC filing.
• CEO C Douglas Mcmillon and EVP John D. Rainey sold a combined total of 21,616 shares recently, indicating insider selling activity within the company.
• Analysts have set varied target prices for Walmart's stock, with average target price estimates around $112.63, maintaining a consensus rating of "Moderate Buy".

Deroy & Devereaux Private Investment Counsel Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 78.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,475 shares of the retailer's stock after selling 8,975 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Walmart were worth $242,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WMT. Operose Advisors LLC lifted its holdings 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 acquiring an additional 243 shares during the period. PFS Partners LLC increased its position in 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. increased its position in 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 increased its position in 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 increased its position in 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. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the completion of the sale, the chief executive officer owned 4,373,576 shares of the company's stock, valued at approximately $451,396,778.96. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $101.33, for a total transaction of $222,926.00. Following the sale, the executive vice president directly owned 621,718 shares of the company's stock, valued at $62,998,684.94. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,363 shares of company stock valued at $13,668,438. Corporate insiders own 0.10% of the company's stock.

Walmart Stock Up 1.7%

Shares of NYSE:WMT opened at $109.05 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. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $109.56. The company has a 50 day moving average of $101.55 and a two-hundred day moving average of $97.61. The company has a market capitalization of $869.45 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 5.05 and a beta of 0.67.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same period last year, the business earned $0.67 EPS. The firm's 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. As a group, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on WMT. Telsey Advisory Group reissued an "outperform" rating and set a $118.00 target price on shares of Walmart in a research report on Wednesday, September 24th. BTIG Research began coverage on shares of Walmart in a research report on Tuesday. They set a "buy" rating and a $120.00 target price for the company. DA Davidson set a $117.00 target price on shares of Walmart in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, Piper Sandler reissued an "overweight" rating and set a $111.00 target price on shares of Walmart in a research report on Wednesday, September 24th. Thirty-one equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $112.63.

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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