Generate Investment Management Ltd Trims Stock Position in Walmart Inc. $WMT

Key Points

• Generate Investment Management Ltd reduced its stake in Walmart by 24.3%, selling 60,429 shares in the second quarter, leaving them with a holding valued at $18.42 million.
• Several hedge funds, including Operose Advisors LLC and PFS Partners LLC, significantly increased their stakes in Walmart during the same period, showcasing varying investor sentiment.
• Walmart recently missed earnings expectations, reporting an EPS of $0.68 against a consensus estimate of $0.74, alongside a revenue of $169.34 billion compared to expectations of $174.02 billion.

Generate Investment Management Ltd trimmed its stake in Walmart Inc. (NYSE:WMT - Free Report) by 24.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,387 shares of the retailer's stock after selling 60,429 shares during the period. Generate Investment Management Ltd's holdings in Walmart were worth $18,420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Operose Advisors LLC grew its holdings in shares of 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 during the period. PFS Partners LLC boosted its position in shares of Walmart by 267.8% during the second 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 stake in Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock worth $32,000 after purchasing an additional 115 shares during the period. Bear Mountain Capital Inc. raised its holdings in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position 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 during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,610 shares of Walmart stock in a transaction on Monday, September 15th. The stock was sold at an average price of $103.71, for a total value of $166,973.10. Following the completion of the sale, the executive vice president owned 645,968 shares of the company's stock, valued at $66,993,341.28. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 directly owned 1,787,200 shares in the company, valued at approximately $184,921,584. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,032 shares of company stock worth $14,860,951 in the last 90 days. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMT. Mizuho reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Wednesday, August 13th. JPMorgan Chase & Co. cut their price objective on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. The Goldman Sachs Group lifted their target price on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Truist Financial cut their price target on Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, KeyCorp raised their price objective on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Twenty-nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

Walmart Price Performance

NYSE WMT opened at $103.01 on Tuesday. Walmart Inc. has a one year low of $78.98 and a one year high of $106.11. The stock has a 50-day moving average of $100.30 and a 200 day moving average of $96.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The company has a market capitalization of $821.28 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 4.86 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (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 company had revenue of $169.34 billion for the quarter, compared to analysts' expectations of $174.02 billion. During the same period in the previous year, the business earned $0.67 EPS. 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. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current 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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