Fifth Third Wealth Advisors LLC Boosts Stake in Walmart Inc. $WMT

Key Points

• Fifth Third Wealth Advisors LLC increased its stake in Walmart Inc. by 4.7% in Q2, acquiring an additional 7,439 shares, bringing its total to 166,421 shares valued at approximately $16.27 million.
• Walmart reported Q2 EPS of $0.68, missing analysts' expectations of $0.74, with revenues of $169.34 billion, which was also below the consensus estimate of $174.02 billion.
• Analysts have issued new price targets for Walmart, with Guggenheim upgrading its target to $115.00 and several others maintaining "buy" ratings.

Fifth Third Wealth Advisors LLC lifted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,421 shares of the retailer's stock after purchasing an additional 7,439 shares during the period. Walmart accounts for approximately 0.7% of Fifth Third Wealth Advisors LLC's holdings, making the stock its 23rd largest position. Fifth Third Wealth Advisors LLC's holdings in Walmart were worth $16,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WMT. Kingstone Capital Partners Texas LLC increased its stake 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 worth $10,496,702,000 after purchasing an additional 104,488,610 shares in the last quarter. Nuveen LLC purchased a new stake in Walmart in the 1st quarter worth $2,532,331,000. Goldman Sachs Group Inc. increased its stake in Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after buying an additional 7,706,201 shares in the last quarter. Wellington Management Group LLP increased its stake in Walmart by 527.1% in the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock worth $591,620,000 after buying an additional 5,664,484 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its stake in Walmart by 28,684.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock worth $371,295,000 after buying an additional 4,214,661 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Up 0.1%

WMT opened at $101.86 on Friday. The firm has a 50-day simple moving average of $101.22 and a two-hundred day simple moving average of $97.26. Walmart Inc. has a 52 week low of $79.37 and a 52 week high of $106.11. The company has a market capitalization of $812.10 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 4.80 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $174.02 billion. During the same period in the previous year, the business posted $0.67 EPS. The firm's revenue was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, CTO Suresh Kumar sold 30,000 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $103.47, for a total value of $3,104,100.00. Following the completion of the transaction, the chief technology officer owned 1,787,200 shares of the company's stock, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the transaction, the chief executive officer directly owned 4,392,985 shares of the company's stock, valued at approximately $421,594,770.45. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,232 shares of company stock worth $15,083,877 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WMT shares. Guggenheim reiterated a "buy" rating and issued a $115.00 price target (up previously from $112.00) on shares of Walmart in a research note on Monday, August 18th. Truist Financial cut their price target on Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Walmart in a research note on Wednesday. Tigress Financial increased their price target on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Finally, Evercore ISI reiterated an "outperform" rating and issued a $110.00 price target (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. Thirty equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $112.38.

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.

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