Edge Wealth Management LLC Sells 3,237 Shares of Walmart Inc. $WMT

Key Points

• Edge Wealth Management LLC reduced its stock holdings in Walmart Inc. by 1.5% in the second quarter, now owning 216,360 shares valued at approximately $21.18 million.
• Several other institutional investors significantly increased their stakes in Walmart during the first quarter, with some reporting gains as high as 432.4%.
• Analysts have mixed opinions on Walmart's stock, with current ratings including 30 Buy, 1 Hold, and 1 Strong Buy, alongside a consensus price target of $112.03.

Edge Wealth Management LLC decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 216,360 shares of the retailer's stock after selling 3,237 shares during the period. Walmart makes up 4.1% of Edge Wealth Management LLC's portfolio, making the stock its 8th largest position. Edge Wealth Management LLC's holdings in Walmart were worth $21,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Kingstone Capital Partners Texas LLC raised its holdings in shares of Walmart by 397,264.9% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Nuveen LLC bought a new stake in Walmart during the 1st quarter worth approximately $2,532,331,000. GAMMA Investing LLC increased its holdings in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after buying an additional 7,860,306 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Walmart by 30.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after buying an additional 7,706,201 shares during the period. Finally, Wellington Management Group LLP increased its stake in Walmart by 527.1% during the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock valued at $591,620,000 after purchasing an additional 5,664,484 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

WMT stock traded down $1.20 during trading hours on Friday, hitting $102.40. 34,721,159 shares of the stock traded hands, compared to its average volume of 16,199,768. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a one year low of $78.11 and a one year high of $106.11. The company has a market cap of $816.42 billion, a P/E ratio of 38.50, a P/E/G ratio of 4.82 and a beta of 0.65. The stock has a 50-day simple moving average of $99.40 and a 200 day simple moving average of $95.64.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The company had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Evercore ISI reaffirmed an "outperform" rating and set a $110.00 price target (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. KeyCorp lifted their target price 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. Truist Financial cut their price target on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Oppenheimer boosted their price objective on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Finally, Tigress Financial lifted their price target on Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Buy" and an average price target of $112.03.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $95.97, for a total value of $1,863,353.52. Following the sale, the chief executive officer owned 4,392,985 shares of the company's stock, valued at $421,594,770.45. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the transaction, the executive vice president owned 623,918 shares of the company's stock, valued at approximately $60,750,895.66. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,107 shares of company stock worth $13,183,727. Insiders own 0.10% of the company's stock.

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.