Mattern Wealth Management LLC Reduces Position in Walmart Inc. $WMT

Key Points

• Mattern Wealth Management LLC reduced its position in Walmart Inc. by 19.4% during the second quarter, owning 41,363 shares post-sale, which now represent about 0.8% of its portfolio.
• Walmart's recent quarterly earnings showed earnings per share of $0.68, missing analysts' expectations of $0.74, and revenue was reported at $169.34 billion, below the forecast of $174.02 billion.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Walmart, with a target price averaging around $112.38, indicating potential growth despite recent earnings misses.

Mattern Wealth Management LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,363 shares of the retailer's stock after selling 9,963 shares during the period. Walmart makes up about 0.8% of Mattern Wealth Management LLC's portfolio, making the stock its 23rd biggest position. Mattern Wealth Management LLC's holdings in Walmart were worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Operose Advisors LLC grew its position in Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the last quarter. PFS Partners LLC grew its position in Walmart by 267.8% during the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer's stock worth $31,000 after purchasing an additional 233 shares during the last quarter. Ridgewood Investments LLC grew its position in Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock worth $32,000 after purchasing an additional 115 shares during the last quarter. Bear Mountain Capital Inc. grew its position in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

WMT opened at $103.07 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The firm has a fifty day moving average price of $100.45 and a 200 day moving average price of $96.36. Walmart Inc. has a 1 year low of $78.98 and a 1 year high of $106.11. The stock has a market cap of $821.76 billion, a P/E ratio of 38.75, a P/E/G ratio of 4.86 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on WMT shares. Wolfe Research started coverage on shares of Walmart in a research note on Thursday, September 18th. They set an "outperform" rating and a $129.00 price objective for the company. Mizuho restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Royal Bank Of Canada restated an "outperform" rating and set a $106.00 price objective on shares of Walmart in a research note on Friday, August 22nd. Oppenheimer lifted their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the transaction, the chief executive officer directly owned 4,392,985 shares in the company, valued at approximately $421,594,770.45. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $100.96, for a total transaction of $403,840.00. Following the transaction, the executive vice president owned 1,052,455 shares of the company's stock, valued at $106,255,856.80. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,032 shares of company stock valued at $14,860,951. 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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