Walmart Inc. $WMT Stake Increased by Lewis Asset Management LLC

Key Points

• Lewis Asset Management LLC significantly increased its investment in Walmart Inc. by 421.3% in the second quarter, now holding a position worth $2.51 million, making Walmart 1.2% of its portfolio.
• Numerous institutional investors have also expanded their stakes in Walmart, with Operose Advisors and Clal Insurance significantly increasing their holdings by over 300% and 400% respectively in the previous quarter.
• Walmart reported a miss in earnings for its most recent quarter, with an EPS of $0.68, falling short of the analysts' estimate of $0.74, and generating revenue of $169.34 billion against expectations of $174.02 billion.

Lewis Asset Management LLC increased its position in Walmart Inc. (NYSE:WMT - Free Report) by 421.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 25,663 shares of the retailer's stock after purchasing an additional 20,740 shares during the period. Walmart accounts for about 1.2% of Lewis Asset Management LLC's holdings, making the stock its 19th biggest holding. Lewis Asset Management LLC's holdings in Walmart were worth $2,509,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC increased its holdings in 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 valued at $10,496,702,000 after acquiring an additional 104,488,610 shares in the last quarter. Nuveen LLC purchased a new position in Walmart in the first quarter valued at about $2,532,331,000. GAMMA Investing LLC lifted its holdings in Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after buying an additional 7,860,306 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after purchasing an additional 7,706,201 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Walmart by 527.1% in the first quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock worth $591,620,000 after acquiring an additional 5,664,484 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT stock traded down $1.20 on Friday, hitting $102.40. The company had a trading volume of 34,721,159 shares, compared to its average volume of 16,199,768. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 12-month low of $78.11 and a 12-month high of $106.11. The stock has a market cap of $816.42 billion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 4.82 and a beta of 0.65. The stock's 50-day simple moving average is $99.40 and its 200 day simple moving average is $95.64.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results 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 the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.Walmart's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business 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, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total transaction of $403,840.00. Following the transaction, the executive vice president directly owned 1,052,455 shares in the company, valued at approximately $106,255,856.80. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on 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 directly owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,107 shares of company stock worth $13,183,727 over the last quarter. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on WMT shares. 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. JPMorgan Chase & Co. cut their price target on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Sanford C. Bernstein set a $117.00 price target on Walmart and gave the stock an "outperform" rating in a research report on Friday, August 22nd. KeyCorp boosted their target price on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, Oppenheimer boosted their price objective on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $112.03.

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.