Hodges Capital Management Inc. Has $9.45 Million Stake in Walmart Inc. $WMT

Key Points

• Hodges Capital Management Inc. reduced its stake in Walmart Inc. by 23.3%, holding 107,624 shares valued at approximately $9.45 million after selling 32,708 shares in the first quarter.
• Walmart's Q2 earnings fell short of expectations, reporting $0.68 EPS against a consensus estimate of $0.74, and revenue was also below estimates at $169.34 billion.
• Several institutional investors are increasing their positions in Walmart, with Operose Advisors LLC raising its holdings by 319.7%, among others, indicating a growing interest in the company's stock.

Hodges Capital Management Inc. decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 23.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,624 shares of the retailer's stock after selling 32,708 shares during the period. Hodges Capital Management Inc.'s holdings in Walmart were worth $9,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Operose Advisors LLC raised its holdings in shares of Walmart by 319.7% during the first 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 period. Bear Mountain Capital Inc. raised its holdings in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of 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 purchasing an additional 294 shares during the period. EQ Wealth Advisors LLC acquired a new position in shares of Walmart during the first quarter valued at about $35,000. Finally, Lipe & Dalton raised its holdings in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company'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 completion of the sale, the executive vice president directly owned 1,052,455 shares of the company's stock, valued at approximately $106,255,856.80. This represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,655 shares of the company's stock in a transaction dated 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. The trade was a 0.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,382 shares of company stock worth $11,718,441 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Walmart Trading Up 2.2%

WMT opened at $102.64 on Friday. 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 Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $105.30. The firm has a market capitalization of $818.33 billion, a PE ratio of 38.59, a P/E/G ratio of 4.82 and a beta of 0.65. The company's 50-day moving average is $98.61 and its 200 day moving average is $95.37.

Walmart (NYSE:WMT - Get Free Report) last posted its 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 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 analyst estimates of $174.02 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The company's revenue 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. As a group, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of several research reports. Tigress Financial upped their price objective on shares of Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Guggenheim reissued a "buy" rating and issued a $115.00 price target (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $106.00 price target on shares of Walmart in a research report on Friday, August 22nd. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, Mizuho restated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a report on Wednesday, August 13th. One investment 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.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $110.76.

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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