Tocqueville Asset Management L.P. Buys Shares of 354,932 Walmart Inc. $WMT

Tocqueville Asset Management L.P. purchased a new stake in shares of Walmart Inc. (NASDAQ:WMT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 354,932 shares of the retailer's stock, valued at approximately $40,200,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WMT. Entrust Financial LLC bought a new stake in shares of Walmart in the fourth quarter worth about $27,000. Merkkuri Wealth Advisors LLC purchased a new position in Walmart during the 1st quarter valued at approximately $29,000. Bay Harbor Wealth Management LLC increased its stake in Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock worth $32,000 after acquiring an additional 105 shares during the last quarter. Sankala Group LLC bought a new stake in Walmart in the 4th quarter worth approximately $33,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of Walmart during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart News Summary

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart reported adjusted earnings of $0.81 per share and revenue of $187.94 billion, beating consensus estimates of $0.74 and $186.62 billion, respectively. Revenue increased 5.9% year over year. Walmart earnings report
• Positive Sentiment: Growth businesses remain strong: global e-commerce sales rose 23%, advertising revenue increased 38%, and global membership revenue grew 17%. These trends support the long-term investment case despite slower core-store growth. Walmart second-quarter highlights
• Positive Sentiment: Walmart plans to use approximately $2.9 billion in tariff refunds to help lower prices, potentially strengthening its value proposition as consumers become more budget-conscious. The rollout of tap-to-pay, including Apple Pay and Google Pay, may also improve checkout convenience. Walmart tap to pay rollout
• Neutral Sentiment: Several analysts retained bullish ratings—including buy, outperform, and overweight—but lowered price targets after the earnings release. New targets range from $120 to $140, indicating analysts still see meaningful upside but have moderated their expectations.
• Negative Sentiment: U.S. comparable sales grew 2.6%, below expectations near 3.5%, marking Walmart’s weakest domestic comparable-sales growth in more than six years. Analysts cited weakness in health and wellness and questioned the trajectory of the core U.S. business.
• Negative Sentiment: Third-quarter guidance fell short of consensus: Walmart projected adjusted EPS of $0.62–$0.64 versus $0.68 expected and revenue of $183.1–$184.5 billion versus $188.2 billion expected. The timing of Flipkart’s promotional event is also expected to reduce quarterly sales growth by more than 100 basis points.
• Negative Sentiment: The stock’s elevated valuation increases sensitivity to any slowdown, while higher energy costs and consumer trade-offs are raising broader concerns about the health of U.S. retail spending.

Analyst Ratings Changes

A number of research analysts recently weighed in on WMT shares. Citigroup cut their target price on shares of Walmart from $147.00 to $132.00 and set a "buy" rating for the company in a report on Friday. Roth Capital reiterated a "buy" rating on shares of Walmart in a research report on Friday. TD Cowen reiterated a "buy" rating on shares of Walmart in a report on Friday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Friday. Finally, Freedom Capital raised Walmart from a "hold" rating to a "strong-buy" rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average target price of $131.88.

Insider Activity at Walmart

In other Walmart news, EVP Latriece Watkins sold 11,000 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total value of $1,308,670.00. Following the completion of the transaction, the executive vice president directly owned 120,203 shares of the company's stock, valued at approximately $14,300,550.91. The trade was a 8.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher James Nicholas sold 2,900 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $106.34, for a total transaction of $308,386.00. Following the sale, the executive vice president directly owned 569,153 shares in the company, valued at $60,523,730.02. The trade was a 0.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,064 shares of company stock valued at $6,697,788 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Walmart Price Performance

NASDAQ:WMT opened at $103.70 on Monday. The firm's fifty day moving average is $113.35 and its two-hundred day moving average is $121.24. The firm has a market cap of $825.25 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 3.91 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a one year low of $95.42 and a one year high of $135.15.

Walmart (NASDAQ:WMT - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.07. The business had revenue of $187.94 billion during the quarter, compared to analyst estimates of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%.The company's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Research analysts expect that Walmart Inc. will post 2.86 EPS for the current year.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

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