Oak Harvest Investment Services Sells 18,652 Shares of Walmart Inc. $WMT

Key Points

• Oak Harvest Investment Services has reduced its position in Walmart Inc. by 10.0%, selling 18,652 shares and now owning a total of 167,842 shares, which constitute approximately 2.1% of its holdings.
• Walmart's recent earnings report showed EPS of $0.68, missing analysts' expectations, with revenue of $169.34 billion for the quarter compared to expectations of $174.02 billion.
• The company announced a dividend of $0.235 per share payable on September 2nd, with a dividend yield of 90.0% and a payout ratio of 35.34%.

Oak Harvest Investment Services reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,842 shares of the retailer's stock after selling 18,652 shares during the period. Walmart makes up approximately 2.1% of Oak Harvest Investment Services' holdings, making the stock its 7th largest holding. Oak Harvest Investment Services' holdings in Walmart were worth $14,735,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Eagle Capital Management LLC lifted its stake in shares of Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after purchasing an additional 321 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Walmart by 28.8% during the 4th 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 period. Revolve Wealth Partners LLC raised its holdings in shares of 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 buying an additional 485 shares during the period. Highview Capital Management LLC DE raised its holdings in shares of Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after buying an additional 1,720 shares during the period. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Walmart by 1.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 139,524 shares of the retailer's stock valued at $12,606,000 after buying an additional 2,506 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,655 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $100.38, for a total transaction of $166,128.90. Following the transaction, the executive vice president directly owned 647,578 shares in the company, valued at $65,003,879.64. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the transaction, the executive vice president owned 932,313 shares in the company, valued at $88,700,258.82. This trade represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,841 shares of company stock worth $8,565,205. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on WMT. Telsey Advisory Group raised their target price on Walmart from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Friday. DA Davidson reiterated a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Oppenheimer raised their target price on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Evercore ISI reiterated an "outperform" rating and set a $110.00 target price (up from $108.00) on shares of Walmart in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. dropped their target price on Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Buy" and an average price target of $110.07.

Walmart Price Performance

WMT stock opened at $96.8190 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 52-week low of $75.01 and a 52-week high of $105.30. The stock's 50 day moving average is $97.99 and its two-hundred day moving average is $95.58. The company has a market capitalization of $772.66 billion, a PE ratio of 36.40, a P/E/G ratio of 4.70 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business had revenue of $169.34 billion for the quarter, compared to analysts' expectations of $174.02 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Walmart's revenue for the quarter 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. Analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a $0.235 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 90.0%. Walmart's dividend payout ratio (DPR) is presently 35.34%.

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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