Turn8 Private Wealth Inc. Cuts Stake in Walmart Inc. $WMT

Key Points

• Turn8 Private Wealth Inc. has reduced its holdings in Walmart Inc. by 6.1%, now owning 39,229 shares valued at approximately $3.44 million.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have significantly increased their stakes in Walmart, with Goldman Sachs raising its holdings by 30.1%.
• Walmart's recent quarterly earnings report showed an EPS of $0.68, which missed analysts' expectations by $0.06, and revenue decreased compared to forecasts at $169.34 billion.

Turn8 Private Wealth Inc. lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,229 shares of the retailer's stock after selling 2,559 shares during the quarter. Walmart makes up about 2.7% of Turn8 Private Wealth Inc.'s holdings, making the stock its 11th biggest position. Turn8 Private Wealth Inc.'s holdings in Walmart were worth $3,444,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC lifted its stake in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after buying an additional 243 shares in the last quarter. Bear Mountain Capital Inc. lifted its stake in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after buying an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after buying an additional 294 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart in the 1st quarter valued at approximately $35,000. Finally, Lipe & Dalton lifted its stake in Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Up 0.8%

Shares of WMT traded up $0.83 during trading hours on Friday, hitting $103.48. The stock had a trading volume of 11,639,946 shares, compared to its average volume of 17,875,352. 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 firm has a market cap 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. The company's fifty day simple moving average is $98.71 and its 200 day simple moving average is $95.41. Walmart Inc. has a 12-month low of $77.49 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. 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 fiscal year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the sale, the executive vice president directly owned 626,118 shares in the company, valued at approximately $61,547,399.40. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the transaction, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,382 shares of company stock valued at $11,718,441. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WMT. Sanford C. Bernstein set a $117.00 target price on Walmart and gave the company an "outperform" rating in a research note on Friday, August 22nd. Evercore ISI reaffirmed an "outperform" rating and issued a $110.00 target price (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. The Goldman Sachs Group increased their price target on Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Tigress Financial increased their price target on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Finally, Robert W. Baird increased their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Buy" and an average target price of $110.76.

About Walmart

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.