Narus Financial Partners LLC Sells 3,950 Shares of Walmart Inc. $WMT

Key Points

• Narus Financial Partners LLC reduced its Walmart holdings by 0.3%, now owning 1,423,100 shares, valued at approximately $139.2 million.
• Walmart's stock is currently rated as a "Buy"** by many analysts, with a consensus price target of $112.03 after several firms increased their target prices.
• CEO C. Douglas McMillon sold 19,416 shares at an average price of $95.97, resulting in a 0.44% decrease in his ownership of the company.

Narus Financial Partners LLC cut its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,423,100 shares of the retailer's stock after selling 3,950 shares during the period. Walmart makes up approximately 43.4% of Narus Financial Partners LLC's investment portfolio, making the stock its largest position. Narus Financial Partners LLC's holdings in Walmart were worth $139,151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Operose Advisors LLC lifted its position in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the period. Bear Mountain Capital Inc. lifted its position in Walmart by 98.2% during the first 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 period. Clal Insurance Enterprises Holdings Ltd lifted its position in Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares during the period. EQ Wealth Advisors LLC bought a new stake in Walmart during the first quarter worth about $35,000. Finally, Lipe & Dalton lifted its position in Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. The Goldman Sachs Group upped their price objective on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Truist Financial dropped their target price on shares of Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Wolfe Research started coverage on shares of Walmart in a report on Thursday. They issued an "outperform" rating and a $129.00 target price for the company. Bank of America increased their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Finally, Oppenheimer increased their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $112.03.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer owned 4,392,985 shares of the company's stock, valued at $421,594,770.45. This trade represents a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,610 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $103.71, for a total transaction of $166,973.10. Following the sale, the executive vice president directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,107 shares of company stock worth $13,183,727. Corporate insiders own 0.10% of the company's stock.

Walmart Stock Performance

NYSE:WMT opened at $102.40 on Monday. The company has a market capitalization of $816.42 billion, a PE ratio of 38.50, a P/E/G ratio of 4.82 and a beta of 0.65. The company has a 50 day simple moving average of $99.40 and a two-hundred day simple moving average of $95.64. 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 Inc. has a fifty-two week low of $78.11 and a fifty-two week high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last released 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 firm had revenue of $169.34 billion for 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%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Company 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.

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