Mattern Capital Management LLC Buys 3,172 Shares of Walmart Inc. $WMT

Key Points

• Mattern Capital Management LLC increased its stake in Walmart Inc. by 2.2%, now holding 144,378 shares valued at approximately $14.1 million, making it the firm's third-largest position.
• Walmart reported earnings of $0.68 per share for the most recent quarter, falling short of analyst estimates of $0.74, with total revenues of $169.34 billion against expectations of $174.02 billion.
• Several analysts have set new price targets for Walmart, with the consensus price target now at $112.38 and thirty analysts rating it as a Buy.

Mattern Capital Management LLC lifted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,378 shares of the retailer's stock after acquiring an additional 3,172 shares during the period. Walmart accounts for approximately 1.7% of Mattern Capital Management LLC's holdings, making the stock its 3rd biggest position. Mattern Capital Management LLC's holdings in Walmart were worth $14,117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Brighton Jones LLC increased its position in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC boosted its stake in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares in the last quarter. Mainstream Capital Management LLC grew its holdings in Walmart by 13.6% during the first quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer's stock worth $1,084,000 after acquiring an additional 1,474 shares during the period. Chesley Taft & Associates LLC raised its position in Walmart by 11.8% in the first quarter. Chesley Taft & Associates LLC now owns 5,306 shares of the retailer's stock worth $466,000 after acquiring an additional 558 shares in the last quarter. Finally, Annex Advisory Services LLC raised its position in Walmart by 4.0% in the first quarter. Annex Advisory Services LLC now owns 16,938 shares of the retailer's stock worth $1,487,000 after acquiring an additional 650 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.4%

NYSE:WMT opened at $102.15 on Friday. The business's fifty day moving average price is $100.77 and its 200 day moving average price is $96.61. The firm has a market capitalization of $814.46 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 4.79 and a beta of 0.67. 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 1-year low of $78.98 and a 1-year high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last issued its 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 business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. Walmart's revenue for the quarter was up 4.8% on a year-over-year basis. 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. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WMT has been the subject of several research reports. Mizuho restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research report on Wednesday, August 13th. Evercore ISI restated an "outperform" rating and set a $110.00 target price (up from $108.00) on shares of Walmart in a report on Monday, August 18th. Guggenheim reaffirmed a "buy" rating and issued a $115.00 price target (up previously from $112.00) on shares of Walmart in a report on Monday, August 18th. JPMorgan Chase & Co. cut their price objective on Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, The Goldman Sachs Group lifted their target price on Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Thirty analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and a consensus target price of $112.38.

Insider Buying and Selling at Walmart

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 stock was 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 $451,396,778.96. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $103.74, for a total value of $1,361,587.50. Following the completion of the transaction, the executive vice president directly owned 906,064 shares in the company, valued at approximately $93,995,079.36. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,232 shares of company stock valued at $15,083,877 in the last quarter. Corporate insiders own 0.10% of the company's stock.

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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