Perfromance Wealth Partners LLC Acquires 2,470 Shares of Walmart Inc. $WMT

Key Points

• Performance Wealth Partners LLC increased its holdings in Walmart by 1.2%, acquiring an additional 2,470 shares in the second quarter, bringing its total to 212,779 shares valued at approximately $20.8 million.
• Several hedge funds have significantly raised their positions in Walmart, with increases of up to 432.4% reported by various firms in recent quarters.
• Walmart's stock has received multiple upgrades from analysts, with targeted price increases, including a recent upgrade by Bank of America from $120.00 to $125.00.

Perfromance Wealth Partners LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,779 shares of the retailer's stock after purchasing an additional 2,470 shares during the quarter. Walmart comprises approximately 0.7% of Perfromance Wealth Partners LLC's holdings, making the stock its 19th largest position. Perfromance Wealth Partners LLC's holdings in Walmart were worth $20,806,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Operose Advisors LLC lifted its position in shares of 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 during the period. PFS Partners LLC lifted its position in shares of Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer's stock worth $31,000 after acquiring an additional 233 shares during the period. Bear Mountain Capital Inc. lifted its position in shares of 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 during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of 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 during the period. Finally, Ridgewood Investments LLC lifted its position in shares of Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock worth $32,000 after acquiring an additional 115 shares during the period. Institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research reports. Guggenheim reiterated a "buy" rating and issued a $115.00 price objective (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Mizuho restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Wednesday, August 13th. 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 report on Friday, August 22nd. Telsey Advisory Group restated an "outperform" rating and set a $118.00 target price on shares of Walmart in a research report on Wednesday, September 24th. Finally, Bank of America raised their target price on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. Thirty-one research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $112.63.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Friday, September 19th. The stock was sold at an average price of $103.83, for a total value of $415,320.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $101.33, for a total value of $222,926.00. Following the completion of the sale, the executive vice president directly owned 621,718 shares of the company's stock, valued at $62,998,684.94. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,488 shares of company stock worth $14,917,151. 0.10% of the stock is currently owned by insiders.

Walmart Trading Up 4.9%

WMT stock opened at $107.15 on Wednesday. The business has a fifty day moving average price of $101.43 and a 200 day moving average price of $97.53. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $107.92. The stock has a market capitalization of $854.27 billion, a price-to-earnings ratio of 40.28, a P/E/G ratio of 4.81 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same period in the prior year, the business earned $0.67 earnings per share. The company's revenue for the quarter was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal 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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