New Wave Wealth Advisors LLC Sells 3,178 Shares of Walmart Inc. $WMT

Key Points

• New Wave Wealth Advisors LLC decreased its Walmart Inc. holdings by 1.0% in Q2, now holding 301,602 shares valued at approximately $29.49 million.
• Insider transactions included CTO Suresh Kumar selling 30,000 shares for approximately $3.10 million, representing a 1.65% decrease in his position.
• Walmart's stock has a 52-week range of $78.98 to $106.11 and reported Q2 earnings of $0.68 per share, missing estimates by $0.06.

New Wave Wealth Advisors LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 301,602 shares of the retailer's stock after selling 3,178 shares during the period. Walmart accounts for 12.5% of New Wave Wealth Advisors LLC's portfolio, making the stock its biggest position. New Wave Wealth Advisors LLC's holdings in Walmart were worth $29,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Precision Wealth Strategies LLC raised its holdings in shares of Walmart by 41.5% during the second quarter. Precision Wealth Strategies LLC now owns 23,295 shares of the retailer's stock worth $2,278,000 after purchasing an additional 6,834 shares during the period. jvl associates llc acquired a new stake in shares of Walmart in the 2nd quarter worth about $202,000. B.O.S.S. Retirement Advisors LLC increased its holdings in shares of Walmart by 8.2% in the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 3,193 shares of the retailer's stock worth $312,000 after acquiring an additional 242 shares during the period. Madrona Financial Services LLC acquired a new stake in shares of Walmart in the 2nd quarter worth about $225,000. Finally, Parkwoods Wealth Partners LLC acquired a new stake in shares of Walmart in the 2nd quarter worth about $330,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, CTO Suresh Kumar sold 30,000 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer owned 1,787,200 shares in the company, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were 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 approximately $106,255,856.80. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,232 shares of company stock worth $15,083,877. Company insiders own 0.10% of the company's stock.

Walmart Stock Performance

Shares of WMT opened at $101.77 on Friday. Walmart Inc. has a 52-week low of $78.98 and a 52-week high of $106.11. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $100.68 and a 200 day moving average price of $96.50. The firm has a market capitalization of $811.38 billion, a PE ratio of 38.26, a P/E/G ratio of 4.81 and a beta of 0.67.

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 the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same quarter last year, the business posted $0.67 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. 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 anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $118.00 price objective on shares of Walmart in a report on Wednesday, September 24th. Sanford C. Bernstein set a $117.00 price objective on shares of Walmart and gave the stock an "outperform" rating in a report on Friday, August 22nd. Evercore ISI reaffirmed an "outperform" rating and issued a $110.00 price objective (up previously from $108.00) on shares of Walmart in a report on Monday, August 18th. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Finally, Guggenheim reiterated a "buy" rating and issued a $115.00 target price (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.38.

Walmart 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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