NorthRock Partners LLC Sells 6,545 Shares of Walmart Inc. $WMT

Key Points

• NorthRock Partners LLC has reduced its holdings in Walmart Inc. by 10%, selling 6,545 shares in the second quarter, now owning 58,994 shares valued at approximately $5.77 million.
• Several institutional investors, including Vanguard Group and Goldman Sachs, have increased their positions in Walmart, with Vanguard now holding over 425 million shares worth about $37.4 billion.
• Walmart's recent earnings report showed a miss on EPS estimates, reporting $0.68 EPS compared to the expected $0.74, while revenues were also below projections at $169.34 billion.

NorthRock Partners LLC lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 10.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,994 shares of the retailer's stock after selling 6,545 shares during the quarter. NorthRock Partners LLC's holdings in Walmart were worth $5,768,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after purchasing an additional 3,224,154 shares during the period. Kingstone Capital Partners Texas LLC lifted its position in Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock worth $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Goldman Sachs Group Inc. lifted its position in Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after purchasing an additional 7,706,201 shares during the period. Ameriprise Financial Inc. lifted its position in Walmart by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock worth $2,710,665,000 after purchasing an additional 387,424 shares during the period. Finally, Invesco Ltd. lifted its position in Walmart by 2.9% during the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after purchasing an additional 823,020 shares during the period. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WMT. Mizuho reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research report on Wednesday, August 13th. Evercore ISI reaffirmed an "outperform" rating and set a $110.00 price objective (up previously from $108.00) on shares of Walmart in a research report on Monday, August 18th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $118.00 price objective on shares of Walmart in a research report on Wednesday, September 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Walmart in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their target price on Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Thirty-one research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Walmart has an average rating of "Moderate Buy" and an average target price of $112.63.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $103.74, for a total transaction of $1,361,587.50. Following the transaction, the executive vice president directly owned 906,064 shares in the company, valued at approximately $93,995,079.36. This represents a 1.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm'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 transaction of $415,320.00. Following the sale, the executive vice president directly owned 1,048,455 shares of the company's stock, valued at approximately $108,861,082.65. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,488 shares of company stock worth $14,917,151. Company insiders own 0.10% of the company's stock.

Walmart Stock Performance

NYSE:WMT opened at $107.15 on Wednesday. The company has a market capitalization of $854.27 billion, a PE ratio of 40.28, a P/E/G ratio of 4.81 and a beta of 0.67. The company has a 50 day simple moving average of $101.43 and a two-hundred day simple moving average of $97.53. 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 $79.81 and a fifty-two week high of $107.92.

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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