First Manhattan CO. LLC. Sells 2,666 Shares of Walmart Inc. $WMT

Key Points

• First Manhattan CO. LLC decreased its holdings in Walmart Inc. by 1.8% in the first quarter, now owning 142,734 shares valued at $12.56 million after selling 2,666 shares.
• Several institutional investors, including Whelan Financial and Bedel Financial Consulting, have recently adjusted their stakes in Walmart, indicating continued interest in the retailer's stock.
• Walmart missed earnings estimates for its most recent quarter, reporting $0.68 EPS versus a consensus of $0.74, while revenue was $169.34 billion, below predictions of $174.02 billion.

First Manhattan CO. LLC. decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,734 shares of the retailer's stock after selling 2,666 shares during the period. First Manhattan CO. LLC.'s holdings in Walmart were worth $12,563,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Whelan Financial raised its holdings in 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 in the last quarter. Bedel Financial Consulting Inc. raised its holdings in 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 in the last quarter. Scott & Selber Inc. raised its holdings in 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 in the last quarter. Capital Advisors Wealth Management LLC raised its holdings 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 acquiring an additional 105 shares in the last quarter. Finally, Lauterbach Financial Advisors LLC raised its holdings 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 acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,655 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $100.38, for a total transaction of $166,128.90. Following the completion of the sale, the executive vice president directly owned 647,578 shares of the company's stock, valued at $65,003,879.64. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $98.55, for a total value of $1,293,468.75. Following the sale, the executive vice president directly owned 919,189 shares of the company's stock, valued at $90,586,075.95. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,766 shares of company stock worth $9,640,873. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Tigress Financial upped their price target on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Guggenheim reaffirmed a "buy" rating and issued a $115.00 price target (up previously from $112.00) on shares of Walmart in a report on Monday, August 18th. JPMorgan Chase & Co. dropped their target price on Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Finally, DA Davidson reissued a "buy" rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $110.59.

Walmart Trading Up 0.9%

WMT stock opened at $96.97 on Tuesday. The business has a fifty day moving average price of $98.10 and a 200 day moving average price of $95.24. Walmart Inc. has a fifty-two week low of $75.67 and a fifty-two week high of $105.30. The stock has a market capitalization of $773.85 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 4.66 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share 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 for the quarter, compared to analyst estimates of $174.02 billion. During the same period in the prior year, the business earned $0.67 earnings per share. The company's revenue for the quarter 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 expect that Walmart Inc. will post 2.55 EPS for the current fiscal 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.

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