Private Wealth Asset Management LLC Sells 5,919 Shares of Walmart Inc. $WMT

Key Points

• Private Wealth Asset Management LLC reduced its stake in Walmart by 13.5%, selling 5,919 shares, resulting in total holdings valued at $3.69 million.
• Insiders like EVP Kathryn J. Mclay and CEO C Douglas Mcmillon recently sold shares, totaling over $2.4 million in transactions, indicating a slight decrease in their ownership.
• Several analysts have provided updates on Walmart's stock ratings, with a consensus target price of $112.63 and thirty-one analysts rating the stock as a Buy.

Private Wealth Asset Management LLC cut its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 13.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,775 shares of the retailer's stock after selling 5,919 shares during the quarter. Private Wealth Asset Management LLC's holdings in Walmart were worth $3,694,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WMT. Harbour Investments Inc. lifted its position in shares of Walmart by 0.7% in the second quarter. Harbour Investments Inc. now owns 60,152 shares of the retailer's stock worth $5,882,000 after buying an additional 408 shares during the last quarter. Brown Financial Advisory lifted its holdings in shares of Walmart by 73.7% during the second quarter. Brown Financial Advisory now owns 4,755 shares of the retailer's stock worth $465,000 after buying an additional 2,018 shares during the last quarter. JGP Wealth Management LLC boosted its holdings in Walmart by 0.8% in the 2nd quarter. JGP Wealth Management LLC now owns 125,633 shares of the retailer's stock valued at $12,284,000 after purchasing an additional 1,013 shares during the period. Cypress Wealth Services LLC increased its stake in Walmart by 3.2% during the second quarter. Cypress Wealth Services LLC now owns 14,606 shares of the retailer's stock valued at $1,428,000 after acquiring an additional 458 shares during the period. Finally, Sagespring Wealth Partners LLC raised its stake in shares of Walmart by 2.5% in the second quarter. Sagespring Wealth Partners LLC now owns 128,189 shares of the retailer's stock valued at $12,534,000 after purchasing an additional 3,095 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the completion of the transaction, the executive vice president owned 1,048,455 shares in the company, valued at approximately $108,861,082.65. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the completion of the sale, the chief executive officer owned 4,373,576 shares in the company, valued at $451,396,778.96. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,363 shares of company stock valued at $13,668,438 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Piper Sandler reissued an "overweight" rating and issued a $111.00 target price on shares of Walmart in a research note on Wednesday, September 24th. The Goldman Sachs Group lifted 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. Royal Bank Of Canada restated an "outperform" rating and set a $106.00 target price on shares of Walmart in a research report on Friday, August 22nd. Finally, Evercore ISI reissued an "outperform" rating and set a $110.00 price target (up from $108.00) on shares of Walmart in a research report on Monday, August 18th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $112.63.

Walmart Price Performance

Shares of NYSE WMT opened at $109.05 on Thursday. The company has a fifty day moving average price of $101.55 and a 200 day moving average price of $97.61. The firm has a market cap of $869.45 billion, a PE ratio of 41.00, a PEG ratio of 5.05 and a beta of 0.67. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $109.56.

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

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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