Parallel Advisors LLC Purchases 6,643 Shares of Walmart Inc. $WMT

Key Points

• Parallel Advisors LLC increased its holdings in Walmart Inc. by 4.5% during the 2nd quarter, owning a total of 155,073 shares worth approximately $15.16 million.
• Walmart reported a missed earnings estimate for the last quarter, with earnings per share (EPS) of $0.68 compared to a consensus estimate of $0.74, although revenue increased by 4.8% year-over-year.
• Institutional investors collectively own 26.76% of Walmart, with several notable increases in stakes, including Goldman Sachs and Ontario Teachers Pension Plan Board significantly raising their positions.

Parallel Advisors LLC raised its position in Walmart Inc. (NYSE:WMT - Free Report) by 4.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 155,073 shares of the retailer's stock after acquiring an additional 6,643 shares during the period. Parallel Advisors LLC's holdings in Walmart were worth $15,163,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of WMT. Nuveen LLC bought a new stake in Walmart in the 1st quarter valued at approximately $2,532,331,000. GAMMA Investing LLC raised its stake in shares of Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after purchasing an additional 7,860,306 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Walmart by 30.1% during the 1st 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 in the last quarter. Wellington Management Group LLP raised its stake in shares of Walmart by 527.1% during the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock worth $591,620,000 after purchasing an additional 5,664,484 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of Walmart by 28,684.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock worth $371,295,000 after purchasing an additional 4,214,661 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $103.48 on Monday. The firm has a market cap of $825.03 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 4.97 and a beta of 0.65. Walmart Inc. has a one year low of $77.49 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The stock's fifty day moving average price is $98.71 and its two-hundred day moving average price is $95.39.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results 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 company had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same period last year, the company posted $0.67 earnings per share. The business'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. On average, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WMT. Sanford C. Bernstein set a $117.00 price objective on Walmart and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Truist Financial dropped their price target on Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Evercore ISI restated an "outperform" rating and issued a $110.00 price target (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. Finally, The Goldman Sachs Group increased their price target on Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Walmart has a consensus rating of "Buy" and an average target price of $110.76.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction on Thursday, August 28th. The stock was 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 directly owned 4,392,985 shares in the company, valued at $421,594,770.45. This represents a 0.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $100.96, for a total value of $403,840.00. Following the sale, the executive vice president owned 1,052,455 shares of the company's stock, valued at approximately $106,255,856.80. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,622 shares of company stock worth $11,551,646 over the last quarter. 0.10% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.