Maridea Wealth Management LLC Purchases 11,922 Shares of Walmart Inc. $WMT

Maridea Wealth Management LLC boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 141.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,346 shares of the retailer's stock after purchasing an additional 11,922 shares during the period. Maridea Wealth Management LLC's holdings in Walmart were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Walmart by 0.8% in the first 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 period. Kingstone Capital Partners Texas LLC boosted its stake in shares of Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Walmart by 30.1% in the first 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. increased 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 worth $2,710,665,000 after buying an additional 387,424 shares during the period. Finally, Invesco Ltd. lifted its holdings in Walmart by 2.9% during 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 in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the sale, the executive vice president owned 932,313 shares in the company, valued at approximately $88,700,258.82. This represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the transaction, the executive vice president owned 623,918 shares in the company, valued at approximately $60,750,895.66. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,816 shares of company stock valued at $13,073,594. 0.10% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $103.03 on Friday. The company has a market capitalization of $821.41 billion, a PE ratio of 38.73, a P/E/G ratio of 4.84 and a beta of 0.65. The company has a 50-day simple moving average of $99.99 and a two-hundred day simple moving average of $95.92. Walmart Inc. has a one year low of $78.98 and a one year high of $106.11. 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 (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 firm had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on WMT shares. Bank of America raised their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. Tigress Financial increased their price objective on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group lifted their target price on Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Truist Financial lowered their target price on Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $106.00 price target on shares of Walmart in a research report on Friday, August 22nd. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $112.38.

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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