Global Assets Advisory LLC Cuts Stock Holdings in Walmart Inc. $WMT

Key Points

• Global Assets Advisory LLC reduced its stake in Walmart Inc. by 42.3% in Q2, now holding 23,609 shares valued at approximately $2.319 million.
• Many institutional investors have changed their positions in Walmart, with Kingstone Capital Partners increasing theirs by an astonishing 397,264.9%.
• Walmart's latest earnings report showed an EPS of $0.68, missing estimates, while total revenue was $169.34 billion, below the anticipated $174.02 billion.

Global Assets Advisory LLC cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 42.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,609 shares of the retailer's stock after selling 17,327 shares during the period. Walmart accounts for 0.9% of Global Assets Advisory LLC's holdings, making the stock its 22nd biggest position. Global Assets Advisory LLC's holdings in Walmart were worth $2,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Kingstone Capital Partners Texas LLC boosted its position in Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock worth $10,496,702,000 after purchasing an additional 104,488,610 shares in the last quarter. Nuveen LLC purchased a new position in shares of Walmart during the 1st quarter valued at approximately $2,532,331,000. Goldman Sachs Group Inc. grew its stake in Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after acquiring an additional 7,706,201 shares during the period. Wellington Management Group LLP increased its holdings in Walmart by 527.1% in the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock worth $591,620,000 after acquiring an additional 5,664,484 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its position in Walmart by 28,684.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock worth $371,295,000 after acquiring an additional 4,214,661 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. Oppenheimer lifted their target price on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. The Goldman Sachs Group lifted their price objective on Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Mizuho reiterated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Wolfe Research initiated coverage on Walmart in a report on Thursday, September 18th. They set an "outperform" rating and a $129.00 target price for the company. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $118.00 price target on shares of Walmart in a research note on Wednesday, September 24th. Thirty investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.38.

Walmart Stock Performance

Shares of Walmart stock opened at $102.70 on Tuesday. 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 business's 50 day moving average price is $100.88 and its 200 day moving average price is $96.87. The company has a market cap of $818.81 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 4.81 and a beta of 0.67. Walmart Inc. has a one year low of $78.98 and a one year high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last issued its 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). The company had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.67 earnings per share. 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 predict that Walmart Inc. will post 2.55 EPS for the current year.

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total value of $403,840.00. Following the transaction, the executive vice president directly owned 1,052,455 shares in the company, valued at $106,255,856.80. The trade was a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the sale, the chief executive officer directly owned 4,392,985 shares of the company's stock, valued at approximately $421,594,770.45. This trade represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,232 shares of company stock valued at $15,083,877 over the last three months. 0.10% of the stock is currently owned by company insiders.

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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