Harvest Portfolios Group Inc. Cuts Stock Position in Walmart Inc. $WMT

Key Points

• Harvest Portfolios Group Inc. reduced its stake in Walmart Inc. by 13.0%, owning 196,054 shares valued at approximately $17.2 million following the sale of 29,314 shares.
• Walmart reported a miss on quarterly earnings with an EPS of $0.68 against a consensus estimate of $0.74, along with revenue of $169.34 billion, below the anticipated $174.02 billion.
• The firm declared a dividend of $0.235 per share, with a yield of 90.0%, set to be paid on September 2nd, following an ex-dividend date of August 15th.

Harvest Portfolios Group Inc. lessened its stake in Walmart Inc. (NYSE:WMT - Free Report) by 13.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,054 shares of the retailer's stock after selling 29,314 shares during the period. Harvest Portfolios Group Inc.'s holdings in Walmart were worth $17,212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMT. Operose Advisors LLC raised its position in Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after purchasing an additional 243 shares during the last quarter. Bear Mountain Capital Inc. grew its stake in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the 1st quarter worth $35,000. Finally, Lipe & Dalton increased its holdings in shares of Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,655 shares of Walmart stock in a transaction on Friday, August 15th. The shares were sold at an average price of $100.38, for a total value of $166,128.90. Following the transaction, the executive vice president directly owned 647,578 shares in the company, valued at approximately $65,003,879.64. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the transaction, the chief executive officer owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,966 shares of company stock worth $9,858,673. 0.10% of the stock is currently owned by company insiders.

Walmart Stock Down 0.7%

WMT opened at $96.18 on Tuesday. Walmart Inc. has a twelve month low of $75.57 and a twelve month 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 company has a 50-day moving average price of $98.03 and a 200 day moving average price of $95.49. The company has a market cap of $767.56 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 4.65 and a beta of 0.66.

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 analysts' consensus estimates of $0.74 by ($0.06). The business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a $0.235 dividend. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's dividend payout ratio (DPR) is currently 35.34%.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. Evercore ISI reaffirmed an "outperform" rating and issued a $110.00 target price (up from $108.00) on shares of Walmart in a report on Monday, August 18th. KeyCorp lifted their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Guggenheim reaffirmed a "buy" rating and issued a $115.00 target price (up from $112.00) on shares of Walmart in a report on Monday, August 18th. Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $110.07.

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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