Norden Group LLC Cuts Holdings in Walmart Inc. $WMT

Norden Group LLC lessened its stake in Walmart Inc. (NYSE:WMT - Free Report) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,333 shares of the retailer's stock after selling 2,836 shares during the period. Norden Group LLC's holdings in Walmart were worth $1,597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. Brighton Jones LLC grew its stake in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after buying an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after acquiring an additional 485 shares during the period. Park Square Financial Group LLC bought a new position in Walmart during the 4th quarter worth approximately $172,000. Anchor Pointe Wealth Management LLC purchased a new position in Walmart in the 4th quarter worth approximately $535,000. Finally, Wealthedge Investment Advisors LLC bought a new stake in Walmart in the fourth quarter valued at approximately $461,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president owned 906,064 shares in the company, valued at $93,995,079.36. This represents a 1.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the transaction, the executive vice president owned 623,918 shares of the company's stock, valued at $60,750,895.66. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,816 shares of company stock valued at $13,073,594. Insiders own 0.10% of the company's stock.

Walmart Trading Up 0.2%

NYSE WMT opened at $102.71 on Thursday. The firm has a market capitalization of $818.88 billion, a PE ratio of 38.61, a P/E/G ratio of 4.83 and a beta of 0.65. The stock's 50 day moving average is $99.84 and its 200 day moving average is $95.81. Walmart Inc. has a twelve month low of $78.98 and a twelve month 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.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $169.34 billion for the quarter, compared to analysts' expectations of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business 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 forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WMT shares. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Tigress Financial boosted their price objective on shares of Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. The Goldman Sachs Group raised their target price on Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Wolfe Research initiated coverage on Walmart in a report on Thursday, September 18th. They set an "outperform" rating and a $129.00 price target on the stock. Finally, KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.38.

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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