Perpetual Ltd Sells 16,341 Shares of Walmart Inc. $WMT

Key Points

• Perpetual Ltd significantly reduced its stock holdings in Walmart Inc. by 62.1% during the second quarter, owning 9,956 shares valued at approximately $973,000 after the decrease.
• Walmart's stock has a current market cap of $816.42 billion and a price-to-earnings ratio of 38.50, with recent analyst ratings suggesting a consensus target price of $112.03.
• In its latest quarterly earnings report, Walmart reported earnings per share of $0.68, missing analyst estimates, with revenue of $169.34 billion, compared to expectations of $174.02 billion.

Perpetual Ltd lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 62.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,956 shares of the retailer's stock after selling 16,341 shares during the period. Perpetual Ltd's holdings in Walmart were worth $973,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Walmart by 0.8% in the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after acquiring an additional 3,224,154 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its stake in shares of Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock valued at $10,496,702,000 after buying an additional 104,488,610 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after buying an additional 7,706,201 shares in the last quarter. Ameriprise Financial Inc. raised 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 valued at $2,710,665,000 after acquiring an additional 387,424 shares in the last quarter. Finally, Invesco Ltd. raised its position in Walmart by 2.9% during the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock valued at $2,562,427,000 after acquiring an additional 823,020 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the sale, the chief executive officer owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $103.47, for a total value of $3,104,100.00. Following the completion of the sale, the chief technology officer owned 1,787,200 shares in the company, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,232 shares of company stock worth $14,960,635. Insiders own 0.10% of the company's stock.

Walmart Stock Down 0.4%

Shares of WMT traded down $0.38 on Tuesday, hitting $102.45. The company's stock had a trading volume of 7,085,335 shares, compared to its average volume of 18,860,107. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm's fifty day moving average price is $99.54 and its 200-day moving average price is $95.72. Walmart Inc. has a fifty-two week low of $78.98 and a fifty-two week high of $106.11. The firm has a market capitalization of $816.78 billion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 4.82 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last issued 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 net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the prior year, the firm posted $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. On average, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on WMT shares. Truist Financial reduced their price target on Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. KeyCorp raised their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. The Goldman Sachs Group raised their price objective on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Wolfe Research started coverage on shares of Walmart in a research note on Thursday, September 18th. They issued an "outperform" rating and a $129.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Twenty-nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average price target of $112.62.

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.