First Financial Bankshares Inc Trims Stock Position in Walmart Inc. $WMT

Key Points

• First Financial Bankshares Inc reduced its stake in Walmart Inc. by 1.2%, selling 5,805 shares to hold a total of 496,318 shares valued at approximately $43.57 million.
• Walmart's stock has an average rating of "Buy" from analysts, with a consensus target price of $110.59.
• Walmart reported a quarterly earnings miss with an EPS of $0.68, falling short of the consensus estimate of $0.74, amid a revenue of $169.34 billion against expectations of $174.02 billion.

First Financial Bankshares Inc trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 496,318 shares of the retailer's stock after selling 5,805 shares during the quarter. First Financial Bankshares Inc's holdings in Walmart were worth $43,572,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Whelan Financial increased its holdings in shares of Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after acquiring an additional 97 shares during the period. Bedel Financial Consulting Inc. increased its holdings in shares of Walmart by 0.4% in the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after acquiring an additional 102 shares during the period. Scott & Selber Inc. increased its holdings in shares of Walmart by 3.7% in the 1st 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 period. Capital Advisors Wealth Management LLC increased its stake in Walmart by 1.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after buying an additional 105 shares during the period. Finally, Lauterbach Financial Advisors LLC increased its stake in Walmart by 1.8% in the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock valued at $517,000 after buying an additional 106 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WMT shares. DA Davidson reissued a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Royal Bank Of Canada reissued an "outperform" rating and issued a $106.00 price objective on shares of Walmart in a research note on Friday, August 22nd. Citigroup reissued a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Truist Financial lowered their price target on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Robert W. Baird upped their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Walmart currently has an average rating of "Buy" and a consensus target price of $110.59.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the 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 directly owned 4,412,398 shares in the company, valued at $421,737,000.84. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,766 shares of company stock valued at $9,640,873. Insiders own 0.10% of the company's stock.

Walmart Price Performance

Walmart stock opened at $96.97 on Monday. Walmart Inc. has a 52 week low of $75.67 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm's 50-day simple moving average is $98.12 and its 200 day simple moving average is $95.29. The firm has a market capitalization of $773.85 billion, a PE ratio of 36.45, a P/E/G ratio of 4.66 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS 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 business had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Walmart's quarterly 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. On average, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

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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