Walmart Inc. $WMT Shares Sold by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC has reduced its stake in Walmart Inc. by 5.1%, selling 15,007 shares during the second quarter, leaving them with 281,162 shares valued at approximately $27.49 million.
• Walmart reported a missed earnings estimate for the last quarter, with an EPS of $0.68 compared to the expected $0.74, and total revenue of $169.34 billion against the projected $174.02 billion.
• Several financial firms have adjusted their price targets for Walmart, with Oppenheimer raising theirs to $115.00, while Truist Financial slightly lowered theirs to $109.00, reflecting mixed sentiments among analysts.

Exchange Traded Concepts LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,162 shares of the retailer's stock after selling 15,007 shares during the period. Exchange Traded Concepts LLC's holdings in Walmart were worth $27,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of WMT. Ally Financial Inc. acquired a new stake in Walmart in the 1st quarter worth approximately $2,107,000. Night Squared LP purchased a new position in Walmart during the 1st quarter worth approximately $1,052,000. Gerber Kawasaki Wealth & Investment Management raised its position in Walmart by 34.6% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer's stock worth $3,355,000 after buying an additional 9,831 shares during the last quarter. Monument Capital Management raised its position in Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after buying an additional 26,685 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Walmart by 11.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer's stock worth $698,787,000 after buying an additional 838,689 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 transaction, the chief executive officer owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. The trade was a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the transaction, the executive vice president directly owned 932,313 shares in the company, valued at approximately $88,700,258.82. The trade was a 1.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,107 shares of company stock worth $13,183,727. Insiders own 0.10% of the company's stock.

Walmart Price Performance

Shares of NYSE WMT traded down $1.20 during mid-day trading on Friday, reaching $102.40. The company's stock had a trading volume of 34,721,159 shares, compared to its average volume of 16,094,947. The stock has a 50-day moving average of $99.40 and a two-hundred day moving average of $95.64. The stock has a market capitalization of $816.42 billion, a P/E ratio of 38.50, a P/E/G ratio of 4.88 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a 1-year low of $78.11 and a 1-year high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last issued 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). The business 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%. Walmart's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $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. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Oppenheimer raised their price target on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Evercore ISI reaffirmed an "outperform" rating and set a $110.00 target price (up from $108.00) on shares of Walmart in a report on Monday, August 18th. JPMorgan Chase & Co. cut their target price on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Guggenheim reaffirmed a "buy" rating and set a $115.00 target price (up from $112.00) on shares of Walmart in a report on Monday, August 18th. Finally, Truist Financial cut their target price on shares of Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $112.03.

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.