Everett Harris & Co. CA Has $81.30 Million Stock Position in Walmart Inc. $WMT

Key Points

• Everett Harris & Co. CA reduced its Walmart stake by 3.2% in the second quarter, selling 23,947 shares. The firm still held 717,790 shares valued at approximately $81.3 million, representing 1.0% of its portfolio.
• Walmart reported quarterly revenue of $177.75 billion, up 7.4% year over year, while earnings of $0.66 per share matched analyst expectations. Shares opened at $115.27, below the company’s average analyst price target of $138.56.
• Insiders sold 70,189 Walmart shares worth $8.38 million over the past 90 days, though the trades were conducted under pre-arranged Rule 10b5-1 plans. Analysts maintain a generally positive outlook, with Walmart carrying a “Moderate Buy” consensus rating despite concerns about fuel costs, comparable-sales growth and valuation.

Everett Harris & Co. CA lowered its stake in Walmart Inc. (NASDAQ:WMT - Free Report) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 717,790 shares of the retailer's stock after selling 23,947 shares during the period. Walmart makes up 1.0% of Everett Harris & Co. CA's holdings, making the stock its 22nd biggest holding. Everett Harris & Co. CA's holdings in Walmart were worth $81,297,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Merkkuri Wealth Advisors LLC acquired a new position in Walmart during the first quarter valued at approximately $29,000. Entrust Financial LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $27,000. Bay Harbor Wealth Management LLC increased its stake in shares of Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock valued at $32,000 after purchasing an additional 105 shares during the last quarter. Sankala Group LLC acquired a new position in shares of Walmart during the 4th quarter worth $33,000. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of Walmart during the 1st quarter worth $37,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity at Walmart

In other Walmart news, EVP Christopher James Nicholas sold 2,900 shares of the company's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $118.19, for a total transaction of $342,751.00. Following the sale, the executive vice president owned 574,953 shares of the company's stock, valued at approximately $67,953,695.07. This represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel J. Bartlett sold 3,710 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $113.10, for a total value of $419,601.00. Following the sale, the executive vice president owned 626,299 shares of the company's stock, valued at approximately $70,834,416.90. The trade was a 0.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,189 shares of company stock valued at $8,377,320 over the last 90 days. 0.09% of the stock is owned by company insiders.

Walmart Trading Down 0.4%

Shares of NASDAQ WMT opened at $115.27 on Friday. The firm has a 50 day moving average price of $114.34 and a two-hundred day moving average price of $121.52. The stock has a market cap of $917.33 billion, a P/E ratio of 40.45, a price-to-earnings-growth ratio of 4.30 and a beta of 0.61. Walmart Inc. has a 52-week low of $95.42 and a 52-week high of $135.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77.

Walmart (NASDAQ:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $177.75 billion during the quarter, compared to analyst estimates of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.88 EPS for the current year.

Trending Headlines about Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart’s e-commerce business continues to be viewed as a significant growth engine, with its digital capabilities increasingly resembling a broader commerce platform rather than a traditional big-box retailer. Walmart’s E-Commerce Engine Roars
• Positive Sentiment: Jefferies said potential tariff refunds could support Walmart’s price-leadership strategy. Reinvesting the money in lower prices could widen its price gap with competitors and help drive market-share gains, particularly in consumables. Walmart set for in-line Q2
• Positive Sentiment: Royal Bank of Canada reaffirmed an “Outperform” rating, providing some support for the long-term investment case despite near-term sales concerns. RBC Reaffirms Outperform Rating
• Neutral Sentiment: Walmart is expected to deliver largely in-line second-quarter results. The key catalysts are management’s second-half outlook, tariff-refund treatment and the potential effect on pricing and margins. Walmart Q2 earnings preview
• Neutral Sentiment: The company will release results before the market opens on August 20 and host a conference call with CEO John Furner and CFO John David Rainey. Walmart to Host Second Quarter Earnings Conference Call
• Negative Sentiment: Deutsche Bank expects Walmart to miss second-quarter comparable-sales estimates, while high gasoline prices are pressuring household budgets and raising the retailer’s operating costs. Walmart Seen Missing Comparable Sales Estimates
• Negative Sentiment: Analysts have cited elevated fuel costs, rising expenses and valuation concerns as reasons for Walmart’s recent weakness, despite solid revenue growth and e-commerce momentum. Walmart Stock Slides About 12% in 3 Months
• Negative Sentiment: Amazon’s AI-powered Alexa shopping tools could intensify competition for grocery-list creation and digital shopping relationships, areas strategically important to Walmart’s e-commerce growth. Amazon’s Alexa Shopping Strategy

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. Morgan Stanley raised their price objective on Walmart from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, April 22nd. Sanford C. Bernstein set a $142.00 target price on shares of Walmart and gave the stock an "outperform" rating in a report on Friday, July 31st. Royal Bank Of Canada restated an "outperform" rating and issued a $137.00 price target on shares of Walmart in a research note on Wednesday. Truist Financial set a $140.00 price target on shares of Walmart in a research note on Thursday, May 21st. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Walmart in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $138.56.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

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