Kingdon Capital Management L.L.C. Makes New $8.78 Million Investment in Walmart Inc. $WMT

Key Points

• Kingdon Capital Management L.L.C. has made a new investment in Walmart Inc., acquiring 100,000 shares valued at approximately $8.78 million, making it the fund's 29th largest holding.
• Walmart reported $0.68 EPS for the last quarter, missing consensus estimates of $0.74, with revenues of $169.34 billion, lower than predicted.
• Institutional investors own approximately 26.76% of Walmart's stock, with recent activity indicating significant movements in stock holdings among various hedge funds.

Kingdon Capital Management L.L.C. bought a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the retailer's stock, valued at approximately $8,779,000. Walmart makes up approximately 0.9% of Kingdon Capital Management L.L.C.'s portfolio, making the stock its 29th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Operose Advisors LLC boosted its holdings in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after acquiring an additional 243 shares in the last quarter. Bear Mountain Capital Inc. boosted its holdings in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after acquiring an additional 294 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in Walmart in the first quarter worth $35,000. Finally, Lipe & Dalton lifted 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 in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.9%

Walmart stock opened at $96.97 on Friday. The stock has a market cap of $773.85 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 4.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a one year low of $75.67 and a one year high of $105.30. The stock has a fifty day moving average of $98.12 and a 200 day moving average of $95.42.

Walmart (NYSE:WMT - Get Free Report) last posted 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 firm had revenue of $169.34 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last 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. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WMT. JPMorgan Chase & Co. lowered their price target on Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. The Goldman Sachs Group upped their price target on Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $106.00 price target on shares of Walmart in a report on Friday, August 22nd. Finally, Telsey Advisory Group upped their price target on Walmart from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $110.59.

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 stock was 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 owned 1,052,455 shares in the company, valued at $106,255,856.80. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value of $166,128.90. Following the completion of the sale, the executive vice president owned 647,578 shares of the company's stock, valued at approximately $65,003,879.64. The trade was a 0.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,966 shares of company stock valued at $9,858,673. 0.10% of the stock is currently owned by corporate insiders.

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.

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.