Robertson Stephens Wealth Management LLC Buys 20,022 Shares of Walmart Inc. $WMT

Key Points

• Robertson Stephens Wealth Management LLC increased its stake in Walmart by 32.3%, owning a total of 81,938 shares valued at approximately $8 million.
• Analysts have a consensus "Moderate Buy" rating for Walmart, with a consensus price target of $112.38 across thirty ratings, indicating positive market sentiment.
• Walmart reported a 4.8% year-over-year revenue increase, but its recent EPS of $0.68 fell short of analysts' expectations of $0.74.

Robertson Stephens Wealth Management LLC raised its stake in Walmart Inc. (NYSE:WMT - Free Report) by 32.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,938 shares of the retailer's stock after purchasing an additional 20,022 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Walmart were worth $8,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock valued at $37,395,120,000 after buying an additional 3,224,154 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its holdings in shares of Walmart by 397,264.9% during the second 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 last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Walmart by 30.1% during the first 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 during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of 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 buying an additional 387,424 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of 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 buying an additional 823,020 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WMT shares. Piper Sandler reiterated an "overweight" rating and set a $111.00 price objective on shares of Walmart in a report on Wednesday, September 24th. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group upped their price objective on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Mizuho reiterated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Finally, Oppenheimer lifted their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Thirty equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

Walmart Stock Up 0.1%

Walmart stock opened at $101.86 on Friday. Walmart Inc. has a twelve month low of $79.37 and a twelve month high of $106.11. The firm has a 50 day moving average price of $101.22 and a 200-day moving average price of $97.18. The company has a market capitalization of $812.10 billion, a P/E ratio of 38.29, a P/E/G ratio of 4.80 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT - Get Free Report) last released its 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 company had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The firm's revenue 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. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the transaction, the executive vice president directly owned 932,313 shares of the company's stock, valued at $88,700,258.82. This represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the sale, the chief technology officer owned 1,787,200 shares in the company, valued at $184,921,584. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,232 shares of company stock valued at $15,083,877 over the last quarter. 0.10% of the stock is currently owned by 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.

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