Mirae Asset Global Investments Co. Ltd. Purchases 52,793 Shares of Walmart Inc. $WMT

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its Walmart stake by 4.8% during Q2, acquiring 52,793 shares, bringing their total holdings to approximately $112.8 million.
• Analysts have varying outlooks for Walmart, with target prices ranging from $106 to $125, and a consensus rating of "Moderate Buy".
• Walmart recently reported earnings of $0.68 per share for the last quarter, missing expectations, with a revenue of $169.34 billion, up 4.8% year over year.

Mirae Asset Global Investments Co. Ltd. boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,154,081 shares of the retailer's stock after acquiring an additional 52,793 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Walmart were worth $112,846,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WMT. Weatherly Asset Management L. P. boosted its holdings in Walmart by 7.0% during the second quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer's stock worth $5,489,000 after buying an additional 3,696 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its holdings in Walmart by 34.6% during the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer's stock worth $3,355,000 after buying an additional 9,831 shares during the last quarter. Ally Financial Inc. bought a new position in Walmart during the first quarter worth about $2,107,000. Night Squared LP bought a new position in Walmart during the first quarter worth about $1,052,000. Finally, Monument Capital Management boosted its holdings in Walmart by 94.2% during the first quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after buying an additional 26,685 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMT. Truist Financial reduced their target price on Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Sanford C. Bernstein set a $117.00 price objective on Walmart and gave the company an "outperform" rating in a report on Friday, August 22nd. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Tigress Financial lifted their price objective on Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $106.00 price objective on shares of Walmart in a report on Friday, August 22nd. Thirty research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $112.38.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,610 shares of Walmart stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $103.71, for a total value of $166,973.10. Following the sale, the executive vice president owned 645,968 shares of the company's stock, valued at approximately $66,993,341.28. This trade represents a 0.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $103.83, for a total value of $415,320.00. Following the transaction, the executive vice president directly owned 1,048,455 shares in the company, valued at $108,861,082.65. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 151,232 shares of company stock worth $15,083,877 in the last 90 days. Company insiders own 0.10% of the company's stock.

Walmart Stock Up 0.4%

Shares of Walmart stock opened at $102.15 on Friday. The business's 50 day simple moving average is $100.77 and its 200 day simple moving average is $96.61. Walmart Inc. has a 52-week low of $78.98 and a 52-week high of $106.11. The firm has a market cap of $814.46 billion, a PE ratio of 38.40, a P/E/G ratio of 4.79 and a beta of 0.67. 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 announced its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $174.02 billion. During the same period in the prior year, the business posted $0.67 EPS. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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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