First Citizens Bank & Trust Co. Cuts Holdings in Walmart Inc. $WMT

Key Points

• First Citizens Bank & Trust Co. has reduced its holdings in Walmart Inc. by 10.1%, selling 11,871 shares to end the quarter with 105,637 shares valued at approximately $10.3 million.
• Recent insider sales include EVP Kathryn J. Mclay, who sold 4,000 shares, and CTO Suresh Kumar, who sold 30,000 shares, indicating a trend of insider selling at Walmart.
• Walmart has received positive ratings from several analysts, with Piper Sandler and Telsey Advisory Group affirming an "overweight" and "outperform" rating, respectively, and a consensus price target of $112.67.

First Citizens Bank & Trust Co. reduced its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 10.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,637 shares of the retailer's stock after selling 11,871 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Walmart were worth $10,329,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC lifted its position in Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after acquiring an additional 243 shares in the last quarter. PFS Partners LLC raised 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 purchasing an additional 233 shares in the last quarter. Ridgewood Investments LLC grew its position in shares of Walmart by 55.3% during the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock worth $32,000 after buying an additional 115 shares in the last quarter. Bear Mountain Capital Inc. grew its holdings in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Walmart by 432.4% during the first 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. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the completion of the transaction, the executive vice president directly owned 1,048,455 shares in the company, valued at $108,861,082.65. This represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Suresh Kumar sold 30,000 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the transaction, the chief technology officer owned 1,787,200 shares in the company, valued at approximately $184,921,584. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,622 shares of company stock valued at $13,444,273. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $111.00 price target on shares of Walmart in a research note on Wednesday, September 24th. Guggenheim restated a "buy" rating and issued a $115.00 target price (up from $112.00) on shares of Walmart in a research report on Monday, August 18th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $118.00 price target on shares of Walmart in a research note on Wednesday, September 24th. Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $111.00 target price (up previously from $110.00) on shares of Walmart in a research note on Tuesday. Thirty-one equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.67.

Walmart Trading Up 1.0%

NYSE:WMT opened at $107.25 on Thursday. 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 52 week low of $79.81 and a 52 week high of $109.57. The stock's 50 day moving average price is $101.92 and its 200 day moving average price is $98.28. The company has a market capitalization of $855.09 billion, a P/E ratio of 40.32, a P/E/G ratio of 5.00 and a beta of 0.67.

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 return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The firm's revenue for the quarter 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. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

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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