US Bancorp DE Cuts Stock Holdings in Walmart Inc. $WMT

Key Points

• US Bancorp DE reduced its stake in Walmart Inc. by 2.9%, now holding approximately 5,877,320 shares, which represents about 0.07% of their portfolio valued at $574.7 million.
• Walmart’s recent earnings report showed $0.68 EPS, missing analysts' expectations of $0.74 EPS, with quarterly revenue of $169.34 billion, lower than the forecast of $174.02 billion.
• Equities analysts have mixed views, with some lowering their price targets while others, like the Goldman Sachs Group, raised their target to $114, indicating a strong overall sentiment with a majority rating of buy for the stock.

US Bancorp DE trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,877,320 shares of the retailer's stock after selling 173,122 shares during the period. Walmart comprises approximately 0.7% of US Bancorp DE's portfolio, making the stock its 28th largest position. US Bancorp DE owned about 0.07% of Walmart worth $574,685,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Weatherly Asset Management L. P. boosted its holdings in shares of Walmart by 7.0% during the second quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer's stock worth $5,489,000 after purchasing an additional 3,696 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Walmart by 34.6% during the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer's stock worth $3,355,000 after purchasing an additional 9,831 shares during the period. Ally Financial Inc. purchased a new stake in shares of Walmart during the first quarter worth about $2,107,000. Night Squared LP purchased a new stake in shares of Walmart during the first quarter worth about $1,052,000. Finally, Monument Capital Management boosted its holdings in shares of Walmart by 94.2% during the first quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after purchasing an additional 26,685 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WMT shares. Truist Financial decreased their price target on shares of Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. The Goldman Sachs Group increased their price target 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. Telsey Advisory Group reissued an "outperform" rating and issued a $118.00 price target on shares of Walmart in a research note on Wednesday, September 24th. Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Finally, Oppenheimer increased their price target on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Thirty investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $112.38.

Walmart Price Performance

Shares of NYSE WMT opened at $101.72 on Friday. Walmart Inc. has a fifty-two week low of $79.37 and a fifty-two week high of $106.11. The company has a 50 day simple moving average of $101.15 and a two-hundred day simple moving average of $97.06. The company has a market capitalization of $811.00 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 4.85 and a beta of 0.67. 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 (NYSE:WMT - Get Free Report) last announced 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 net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same period in the prior year, the business posted $0.67 EPS. Walmart'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. Analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the sale, the executive vice president owned 932,313 shares of the company's stock, valued at $88,700,258.82. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the sale, the chief technology officer directly owned 1,787,200 shares of the company's stock, valued at $184,921,584. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,232 shares of company stock worth $15,083,877 over the last three months. Company insiders own 0.10% of the company's stock.

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.

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