Easterly Investment Partners LLC decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 13.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,110 shares of the retailer's stock after selling 7,988 shares during the quarter. Easterly Investment Partners LLC's holdings in Walmart were worth $4,998,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Arista Wealth Management LLC raised its position in Walmart by 132.3% in the second quarter. Arista Wealth Management LLC now owns 21,275 shares of the retailer's stock worth $2,080,000 after acquiring an additional 12,115 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Walmart by 2.6% during the second quarter. Stratos Wealth Partners LTD. now owns 192,686 shares of the retailer's stock valued at $18,841,000 after purchasing an additional 4,924 shares during the period. Private Trust Co. NA raised its stake in shares of Walmart by 4.1% in the second quarter. Private Trust Co. NA now owns 52,433 shares of the retailer's stock worth $5,127,000 after buying an additional 2,084 shares during the period. Angeles Wealth Management LLC lifted its position in shares of Walmart by 14.7% during the 2nd quarter. Angeles Wealth Management LLC now owns 15,763 shares of the retailer's stock valued at $1,541,000 after buying an additional 2,016 shares in the last quarter. Finally, Riverbend Wealth Management LLC lifted its position in shares of Walmart by 4.7% during the 2nd quarter. Riverbend Wealth Management LLC now owns 12,430 shares of the retailer's stock valued at $1,215,000 after buying an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.
Insider Activity at Walmart
In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the transaction, the executive vice president owned 1,048,455 shares of the company's stock, valued at approximately $108,861,082.65. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,363 shares of company stock worth $13,668,438 over the last quarter. Corporate insiders own 0.10% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on WMT. The Goldman Sachs Group increased their target price on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Walmart in a research report on Wednesday, October 8th. Bank of America lifted their target price on shares of Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Wolfe Research initiated coverage on Walmart in a research note on Thursday, September 18th. They issued an "outperform" rating and a $129.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Thirty-one equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.63.
Check Out Our Latest Stock Analysis on Walmart
Walmart Stock Performance
Walmart stock opened at $106.30 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The firm has a market capitalization of $847.51 billion, a P/E ratio of 39.96, a price-to-earnings-growth ratio of 5.14 and a beta of 0.67. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $109.58. The company's 50-day moving average is $101.61 and its 200 day moving average is $97.73.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, August 21st. The retailer reported $0.68 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 business 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 company posted $0.67 EPS. The company'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. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.
About Walmart
(
Free Report)
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.
See Also
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