2,496 Shares in Walmart Inc. $WMT Bought by Financial Harvest LLC

Key Points

• Financial Harvest LLC invested $244,000 in Walmart Inc. by acquiring 2,496 shares during the second quarter.
• Walmart reported a miss on earnings with $0.68 per share for the last quarter, below the consensus estimate of $0.74, along with revenues of $169.34 billion.
• Several brokerages have adjusted their price targets on Walmart, with Guggenheim setting the highest at $115.00 and Wolfe Research issuing an outperform rating and a price objective of $129.00.

Financial Harvest LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,496 shares of the retailer's stock, valued at approximately $244,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bedel Financial Consulting Inc. grew its stake in Walmart by 0.4% in the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after acquiring an additional 102 shares in the last quarter. Scott & Selber Inc. lifted its position in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its position in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after acquiring an additional 105 shares during the last quarter. Lauterbach Financial Advisors LLC raised its holdings in shares of Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after buying an additional 106 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC raised its holdings in shares of Walmart by 1.4% in the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,799 shares of the retailer's stock worth $685,000 after buying an additional 106 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lowered their price target on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Telsey Advisory Group lifted their target price on shares of Walmart from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Wolfe Research began coverage on shares of Walmart in a research note on Thursday. They set an "outperform" rating and a $129.00 target price on the stock. Finally, Tigress Financial upped their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $112.03.

Insiders Place Their Bets

In related news, 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 value of $166,973.10. Following the sale, the executive vice president directly owned 645,968 shares of the company's stock, valued at approximately $66,993,341.28. This trade represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer owned 1,787,200 shares in the company, valued at $184,921,584. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 151,232 shares of company stock valued at $14,960,635. 0.10% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of WMT traded up $0.46 during trading hours on Monday, reaching $102.79. The company had a trading volume of 12,856,457 shares, 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. The firm has a 50 day simple moving average of $99.54 and a 200-day simple moving average of $95.72. Walmart Inc. has a 12-month low of $78.98 and a 12-month high of $106.11. The company has a market capitalization of $819.53 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 4.82 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $174.02 billion. During the same quarter last year, the business posted $0.67 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart 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.