Park Edge Advisors LLC Raises Stock Position in Walmart Inc. $WMT

Key Points

• Park Edge Advisors LLC has increased its stake in Walmart Inc. by 9.8%, bringing its total ownership to 29,950 shares valued at approximately $2.93 million.
• Several other institutional investors, including Operose Advisors LLC and Bear Mountain Capital Inc., have also significantly increased their holdings in Walmart during the first quarter of the year.
• Walmart's stock received multiple target price upgrades from analysts, with the current consensus price target set at $110.76 and an average rating of "Buy."

Park Edge Advisors LLC increased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,950 shares of the retailer's stock after acquiring an additional 2,667 shares during the quarter. Walmart makes up about 0.8% of Park Edge Advisors LLC's portfolio, making the stock its 25th biggest holding. Park Edge Advisors LLC's holdings in Walmart were worth $2,929,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Operose Advisors LLC increased its holdings in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after acquiring an additional 243 shares in the last quarter. Bear Mountain Capital Inc. increased its holdings in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after acquiring an additional 294 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart in the 1st quarter worth $35,000. Finally, Lipe & Dalton grew its holdings in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein set a $117.00 target price on shares of Walmart and gave the stock an "outperform" rating in a report on Friday, August 22nd. The Goldman Sachs Group upped their target price on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Telsey Advisory Group upped their target price on shares of Walmart from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. KeyCorp upped their target price on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $110.00 target price (up previously from $108.00) on shares of Walmart in a report on Monday, August 18th. One research 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, Walmart has an average rating of "Buy" and a consensus price target of $110.76.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $95.14, for a total value of $380,560.00. Following the transaction, the executive vice president owned 1,056,455 shares of the company's stock, valued at $100,511,128.70. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $98.30, for a total transaction of $216,260.00. Following the completion of the transaction, the executive vice president directly owned 626,118 shares in the company, valued at $61,547,399.40. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,622 shares of company stock worth $11,551,646. 0.10% of the stock is owned by corporate insiders.

Walmart Trading Up 0.8%

Shares of WMT stock opened at $103.48 on Monday. The company's 50-day moving average price is $98.71 and its 200-day moving average price is $95.39. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The stock has a market cap of $825.03 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 4.97 and a beta of 0.65. Walmart Inc. has a twelve month low of $77.49 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results 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). 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 company's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

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.