Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $22.19 Million Holdings in Walmart Inc. $WMT

Key Points

• Empirical Financial Services LLC increased its holdings in Walmart Inc. by 18.3% during the second quarter, now owning $22.19 million in shares.
• Several institutional investors have significantly boosted their positions in Walmart, with increases of up to 432.4% reported by Clal Insurance Enterprises Holdings Ltd.
• Walmart's recent quarterly earnings report revealed an EPS miss of $0.68 compared to the expected $0.74, with revenues also falling short of analyst expectations.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 18.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 226,945 shares of the retailer's stock after buying an additional 35,143 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Walmart were worth $22,191,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WMT. Operose Advisors LLC raised 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 valued at $28,000 after acquiring an additional 243 shares during the last quarter. PFS Partners LLC increased its position in shares of Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer's stock valued at $31,000 after buying an additional 233 shares in the last quarter. Ridgewood Investments LLC increased its position in shares of Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock valued at $32,000 after buying an additional 115 shares in the last quarter. Bear Mountain Capital Inc. increased its position in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after buying an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $101.33, for a total value of $222,926.00. Following the sale, the executive vice president owned 621,718 shares in the company, valued at $62,998,684.94. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,610 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $103.71, for a total transaction of $166,973.10. Following the completion of the sale, the executive vice president owned 645,968 shares in the company, valued at $66,993,341.28. This represents a 0.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,232 shares of company stock valued at $15,083,877. Corporate insiders own 0.10% of the company's stock.

Walmart Price Performance

Shares of NYSE WMT opened at $102.15 on Friday. The stock has a market capitalization of $814.46 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 4.81 and a beta of 0.67. The business has a 50-day moving average of $100.77 and a 200-day moving average of $96.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $78.98 and a fifty-two week high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results 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). The firm 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% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. 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 predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WMT shares. Truist Financial lowered their price objective on shares of Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $106.00 target price on shares of Walmart in a report on Friday, August 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $118.00 target price on shares of Walmart in a report on Wednesday, September 24th. Piper Sandler reiterated an "overweight" rating and set a $111.00 target price on shares of Walmart in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group increased their target price on Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Thirty investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Walmart has an average 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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