Securian Asset Management Inc. Sells 3,906 Shares of Walmart Inc. $WMT

Key Points

• Securian Asset Management Inc. reduced its stake in Walmart Inc. by 1.7%, selling 3,906 shares, leaving it with 225,887 shares valued at $22.1 million.
• Insider selling activity included EVP John D. Rainey and EVP Kathryn J. Mclay, who sold 2,200 and 4,000 shares, respectively, recently, indicating a total of 147,038 shares sold by insiders in the last three months.
• Walmart's current stock price is $107.06, with analysts having an average price target of $112.63, reflecting a generally positive market sentiment towards the company, despite a recent earnings miss.

Securian Asset Management Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 225,887 shares of the retailer's stock after selling 3,906 shares during the period. Walmart makes up 0.6% of Securian Asset Management Inc.'s investment portfolio, making the stock its 25th biggest position. Securian Asset Management Inc.'s holdings in Walmart were worth $22,087,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WMT. Brighton Jones LLC lifted its holdings in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after acquiring an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after acquiring an additional 485 shares during the last quarter. Mainstream Capital Management LLC grew its position in Walmart by 13.6% during the first quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer's stock valued at $1,084,000 after acquiring an additional 1,474 shares during the last quarter. GAMMA Investing LLC grew its position in Walmart by 13.9% during the first quarter. GAMMA Investing LLC now owns 90,440 shares of the retailer's stock valued at $7,940,000 after acquiring an additional 11,018 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its position in Walmart by 7.6% during the first quarter. Center for Financial Planning Inc. now owns 10,885 shares of the retailer's stock valued at $956,000 after acquiring an additional 771 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's 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 $108,861,082.65. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,038 shares of company stock valued at $14,869,054 over the last three months. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMT. Piper Sandler reiterated an "overweight" rating and set a $111.00 price target on shares of Walmart in a research report on Wednesday, September 24th. Bank of America increased their price target on shares of Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Royal Bank Of Canada reiterated an "outperform" rating and set a $106.00 price target on shares of Walmart in a research report on Friday, August 22nd. JPMorgan Chase & Co. reduced their price target on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Oppenheimer increased their price target on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Thirty-one analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $112.63.

Walmart Stock Down 0.6%

Shares of Walmart stock opened at $107.06 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $109.57. The stock has a market capitalization of $853.60 billion, a price-to-earnings ratio of 40.25, a P/E/G ratio of 5.08 and a beta of 0.67. The company's 50 day moving average price is $101.75 and its 200-day moving average price is $98.16.

Walmart (NYSE:WMT - Get Free Report) last issued 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). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The firm'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. Equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.