Hanson & Doremus Investment Management Sells 10,293 Shares of Walmart Inc. $WMT

Key Points

• Hanson & Doremus Investment Management reduced its stake in Walmart Inc. by 44.9%, selling 10,293 shares in the second quarter, leaving them with 12,609 shares valued at about $1.23 million.
• Walmart reported earnings of $0.68 per share for the last quarter, which missed analysts' consensus estimate of $0.74, and revenue was $169.34 billion, below expectations.
• Despite recent insider selling, Walmart maintains a strong position with institutional investors owning 26.76% of its stock and a consensus rating of "Moderate Buy" with a target price of $112.38.

Hanson & Doremus Investment Management reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 44.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,609 shares of the retailer's stock after selling 10,293 shares during the period. Hanson & Doremus Investment Management's holdings in Walmart were worth $1,233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock valued at $37,395,120,000 after purchasing an additional 3,224,154 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its holdings in Walmart by 397,264.9% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock worth $10,496,702,000 after buying an additional 104,488,610 shares during the period. Goldman Sachs Group Inc. raised its holdings in Walmart by 30.1% during 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. Ameriprise Financial Inc. boosted its holdings in shares of Walmart by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock worth $2,710,665,000 after acquiring an additional 387,424 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Walmart by 2.9% in the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after acquiring an additional 823,020 shares during the period. Institutional investors own 26.76% of the company's stock.

Walmart Stock Down 0.1%

Shares of WMT opened at $103.01 on Tuesday. Walmart Inc. has a 1 year low of $78.98 and a 1 year high of $106.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The stock has a 50 day simple moving average of $100.30 and a two-hundred day simple moving average of $96.31. The firm has a market cap of $821.28 billion, a P/E ratio of 38.73, a P/E/G ratio of 4.86 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data 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 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 the consensus estimate of $174.02 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company'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, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, CTO Suresh Kumar sold 30,000 shares of the 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 completion of the sale, the chief technology officer directly owned 1,787,200 shares in the company, valued at $184,921,584. This represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $103.74, for a total value of $1,361,587.50. Following the completion of the transaction, the executive vice president directly owned 906,064 shares in the company, valued at $93,995,079.36. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,032 shares of company stock valued at $14,860,951. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Truist Financial dropped their price objective on Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Tigress Financial increased their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Bank of America upped their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Oppenheimer increased their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Finally, Piper Sandler restated an "overweight" rating and set a $111.00 price target on shares of Walmart in a research report on Wednesday, September 24th. Twenty-nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

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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