Janney Montgomery Scott LLC Lowers Stock Position in Walmart Inc. $WMT

Key Points

• Janney Montgomery Scott LLC reduced its Walmart Inc. holdings by 2.2%, now owning approximately 2.28 million shares valued at $223 million, which is 0.6% of its total holdings.
• Walmart's latest quarterly earnings report showed an earnings per share (EPS) of $0.68, missing analysts' expectations of $0.74, and revenue of $169.34 billion compared to forecasts of $174.02 billion.
• Current analyst ratings for Walmart lean positively, with 29 analysts giving a Buy rating and a consensus price target of $112.38, reflecting continued confidence in the stock's performance.

Janney Montgomery Scott LLC decreased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,281,526 shares of the retailer's stock after selling 50,872 shares during the quarter. Walmart accounts for about 0.6% of Janney Montgomery Scott LLC's holdings, making the stock its 28th biggest holding. Janney Montgomery Scott LLC's holdings in Walmart were worth $223,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Operose Advisors LLC raised its holdings in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after acquiring an additional 243 shares in the last quarter. PFS Partners LLC grew its position in shares of Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer's stock valued at $31,000 after buying an additional 233 shares during the last quarter. Bear Mountain Capital Inc. grew its position in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $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 valued at $32,000 after acquiring an additional 294 shares during the period. Finally, Ridgewood Investments LLC increased its holdings in shares of Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock valued at $32,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Down 0.1%

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

Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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). The company had revenue of $169.34 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the company earned $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. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Evercore ISI reiterated an "outperform" rating and issued a $110.00 price objective (up from $108.00) on shares of Walmart in a research report on Monday, August 18th. Mizuho restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Wednesday, August 13th. Piper Sandler reiterated an "overweight" rating and issued a $111.00 price objective on shares of Walmart in a research report on Wednesday, September 24th. Tigress Financial boosted their target price on shares of Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $112.38.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following 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 represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total value of $403,840.00. Following the sale, the executive vice president directly owned 1,052,455 shares in the company, valued at approximately $106,255,856.80. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,032 shares of company stock valued at $14,860,951. Corporate insiders own 0.10% of the company's stock.

Walmart 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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.