Sheets Smith Wealth Management Has $1.62 Million Position in Walmart Inc. $WMT

Key Points

• Sheets Smith Wealth Management decreased its holdings in Walmart by 20.8% during Q2, now owning 16,602 shares worth approximately $1.62 million.
• Walmart reported Q2 earnings of $0.68 per share, missing analyst estimates of $0.74, with revenues of $169.34 billion, below expectations of $174.02 billion.
• Analysts have a consensus rating of "Moderate Buy" for Walmart, with an average price target of $112.62 and significant upgrades from firms like Oppenheimer and Goldman Sachs.

Sheets Smith Wealth Management lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 20.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,602 shares of the retailer's stock after selling 4,373 shares during the quarter. Sheets Smith Wealth Management's holdings in Walmart were worth $1,623,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Bedel Financial Consulting Inc. boosted its stake in shares of Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after acquiring an additional 102 shares during the period. Scott & Selber Inc. increased its stake in Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after acquiring an additional 105 shares during the period. Capital Advisors Wealth Management LLC increased its stake in Walmart by 1.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after acquiring an additional 105 shares during the period. Lauterbach Financial Advisors LLC boosted its holdings in shares of Walmart by 1.8% in the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock valued at $517,000 after purchasing an additional 106 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC lifted its stake in shares of Walmart by 1.4% in the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,799 shares of the retailer's stock valued at $685,000 after acquiring an additional 106 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

Shares of NYSE WMT opened at $102.44 on Wednesday. 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 $78.98 and a 1-year high of $106.11. The firm has a market capitalization of $816.76 billion, a P/E ratio of 38.51, a P/E/G ratio of 4.85 and a beta of 0.65. The firm's 50-day moving average price is $99.68 and its 200-day moving average price is $95.77.

Walmart (NYSE:WMT - Get Free Report) last posted 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 return on equity of 21.45% and a net margin of 3.08%.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 company earned $0.67 EPS. The company'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. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $103.83, for a total value of $415,320.00. Following the completion of the transaction, the executive vice president owned 1,048,455 shares in the company, valued at $108,861,082.65. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $103.74, for a total transaction of $1,361,587.50. Following the completion of the transaction, the executive vice president owned 906,064 shares of the company's stock, valued at $93,995,079.36. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,232 shares of company stock worth $14,960,635 over the last ninety days. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WMT. Oppenheimer increased their price objective on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Mizuho restated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Wednesday, August 13th. The Goldman Sachs Group increased their price objective on Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Finally, Truist Financial cut their price target 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. Twenty-nine equities research 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 a consensus rating of "Moderate Buy" and a consensus price target of $112.62.

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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