Sandler Capital Management Invests $2.46 Million in Walmart Inc. $WMT

Key Points

• Sandler Capital Management invested approximately $2.46 million in Walmart Inc. by acquiring 28,000 shares during the first quarter.
• Insider transactions revealed that both EVP Kathryn J. Mclay and CEO C. Douglas Mcmillon sold shares of Walmart, decreasing their respective holdings by 0.38% and 0.44%.
• Walmart reported a miss on earnings expectations for the last quarter, with EPS of $0.68 against a consensus estimate of $0.74, while having a revenue of $169.34 billion.

Sandler Capital Management bought a new position in Walmart Inc. (NYSE:WMT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 28,000 shares of the retailer's stock, valued at approximately $2,458,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Brighton Jones LLC grew its position in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC grew its position in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares during the last quarter. Highview Capital Management LLC DE grew its position in Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after purchasing an additional 1,720 shares during the last quarter. First Manhattan CO. LLC. grew its position in Walmart by 2.8% during the 4th quarter. First Manhattan CO. LLC. now owns 145,400 shares of the retailer's stock valued at $13,543,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Fiduciary Trust Co grew its position in Walmart by 4.0% during the 4th quarter. Fiduciary Trust Co now owns 132,958 shares of the retailer's stock valued at $12,013,000 after purchasing an additional 5,059 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $100,511,128.70. This represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer owned 4,412,398 shares in the company, valued at $421,737,000.84. This trade represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,382 shares of company stock worth $11,718,441 over the last quarter. Company insiders own 0.10% of the company's stock.

Walmart Price Performance

WMT opened at $100.45 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The stock has a market capitalization of $800.85 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.85 and a beta of 0.65. The company's 50-day simple moving average is $98.29 and its two-hundred day simple moving average is $95.24. Walmart Inc. has a 52-week low of $76.30 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results 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). The company had revenue of $169.34 billion for 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%. Walmart's revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company 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, analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on WMT shares. Truist Financial cut their price objective on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Guggenheim reissued a "buy" rating and set a $115.00 price objective (up from $112.00) on shares of Walmart in a research report on Monday, August 18th. Mizuho reissued an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research report on Wednesday, August 13th. Royal Bank Of Canada reissued an "outperform" rating and set a $106.00 price objective on shares of Walmart in a research report on Friday, August 22nd. Finally, Telsey Advisory Group increased their price objective on shares of Walmart from $115.00 to $118.00 and gave the company an "outperform" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Buy" and an average price target of $110.76.

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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