Thurston Springer Miller Herd & Titak Inc. Acquires 7,503 Shares of Walmart Inc. $WMT

Key Points

• Thurston Springer Miller Herd & Titak Inc. has increased its position in Walmart Inc. by 12.7%, acquiring an additional 7,503 shares, bringing their total to 66,380 shares worth $6,491,000.
• Within the fourth quarter, several institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, significantly raised their stakes in Walmart.
• Goldman Sachs has upgraded Walmart's stock rating to "buy" and increased its price target from $101.00 to $114.00, amidst a consensus rating of "buy" across various analysts.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,380 shares of the retailer's stock after acquiring an additional 7,503 shares during the quarter. Walmart makes up approximately 0.8% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 13th largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Walmart were worth $6,491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Brighton Jones LLC raised its position in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Walmart by 5.8% in the fourth 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 period. Highview Capital Management LLC DE raised its position in shares of Walmart by 4.9% in the fourth 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 period. Sherbrooke Park Advisers LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $517,000. Finally, Sentinus LLC grew its stake in shares of Walmart by 11.9% in the fourth quarter. Sentinus LLC now owns 4,818 shares of the retailer's stock worth $435,000 after acquiring an additional 513 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the sale, the executive vice president owned 623,918 shares in the company, valued at approximately $60,750,895.66. The trade was a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total transaction of $403,840.00. Following the completion of the sale, the executive vice president owned 1,052,455 shares in the company, valued at $106,255,856.80. This represents a 0.38% 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 in the last three months. Company insiders own 0.10% of the company's stock.

Walmart Stock Up 0.8%

WMT opened at $103.48 on Friday. Walmart Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The firm's fifty day moving average price is $98.71 and its two-hundred day moving average price is $95.40. The company has a market capitalization of $825.03 billion, a P/E ratio of 38.90, a P/E/G ratio of 4.93 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm 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 firm 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. On average, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WMT shares. The Goldman Sachs Group raised their price objective on shares of Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. KeyCorp raised their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Mizuho restated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Finally, Evercore ISI restated an "outperform" rating and issued a $110.00 price objective (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, 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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