Kornitzer Capital Management Inc. KS Has $51.46 Million Stock Holdings in Walmart Inc. $WMT

Key Points

• Kornitzer Capital Management Inc. reduced its Walmart holdings by 2.1% during the second quarter, retaining 526,276 shares valued at approximately $51.46 million, which represents 1.0% of their portfolio.
• Multiple institutional investors have increased their stakes in Walmart, notably Kingstone Capital Partners Texas LLC, which raised its investment by nearly 397,265%, now owning over 104 million shares worth around $10.5 billion.
• Walmart's stock recently traded down 0.6%, closing at $106.22, while the company reported a second-quarter EPS of $0.68, missing analysts' expectations of $0.74.

Kornitzer Capital Management Inc. KS cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 526,276 shares of the retailer's stock after selling 11,526 shares during the period. Walmart accounts for 1.0% of Kornitzer Capital Management Inc. KS's portfolio, making the stock its 21st largest holding. Kornitzer Capital Management Inc. KS's holdings in Walmart were worth $51,459,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Walmart by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after purchasing an additional 3,224,154 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its stake in shares of Walmart by 397,264.9% during 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 purchasing an additional 104,488,610 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Walmart by 30.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after purchasing an additional 7,706,201 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Walmart by 1.3% in the 1st quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock valued at $2,710,665,000 after buying an additional 387,424 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Walmart by 2.9% in the 1st quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock valued at $2,562,427,000 after buying an additional 823,020 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on WMT. BTIG Research began coverage on shares of Walmart in a research note on Tuesday, October 14th. They issued a "buy" rating and a $120.00 price target on the stock. Piper Sandler reissued an "overweight" rating and issued a $111.00 price objective on shares of Walmart in a report on Wednesday, September 24th. JPMorgan Chase & Co. cut their price objective on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Walmart in a report on Friday. Finally, Sanford C. Bernstein set a $117.00 target price on Walmart and gave the stock an "outperform" rating in a report on Friday, August 22nd. Thirty-one equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $113.07.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $103.21, for a total value of $2,003,925.36. Following the transaction, the chief executive officer owned 4,373,576 shares in the company, valued at approximately $451,396,778.96. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the completion of the transaction, the executive vice president owned 919,189 shares in the company, valued at $90,586,075.95. The trade was a 1.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,038 shares of company stock worth $15,525,280 in the last ninety days. Corporate insiders own 0.10% of the company's stock.

Walmart Stock Down 0.6%

NYSE:WMT traded down $0.64 on Friday, hitting $106.22. The stock had a trading volume of 10,303,260 shares, compared to its average volume of 15,185,690. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The stock has a market cap of $846.91 billion, a P/E ratio of 39.93, a price-to-earnings-growth ratio of 5.03 and a beta of 0.67. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $109.57. The firm's fifty day simple moving average is $102.17 and its two-hundred day simple moving average is $98.61.

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 the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. During the same quarter last year, the business posted $0.67 EPS. The company's quarterly 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. Analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

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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