Walmart Inc. $WMT is Sitrin Capital Management LLC's 9th Largest Position

Sitrin Capital Management LLC lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 9.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,016 shares of the retailer's stock after selling 7,107 shares during the period. Walmart makes up approximately 3.6% of Sitrin Capital Management LLC's investment portfolio, making the stock its 9th biggest position. Sitrin Capital Management LLC's holdings in Walmart were worth $7,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. grew its position in Walmart by 7.0% in the second quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer's stock worth $5,489,000 after acquiring an additional 3,696 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its stake in Walmart by 34.6% in 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 last quarter. Ally Financial Inc. bought a new stake in Walmart in the first quarter worth about $2,107,000. Night Squared LP bought a new stake in Walmart in the first quarter worth about $1,052,000. Finally, Monument Capital Management lifted its stake in Walmart by 94.2% in 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 last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Down 1.1%

Shares of NYSE:WMT opened at $101.72 on Friday. Walmart Inc. has a 12-month low of $79.37 and a 12-month high of $106.11. The business's fifty day simple moving average is $101.15 and its 200-day simple moving average is $97.06. The company has a market capitalization of $811.00 billion, a PE ratio of 38.24, a P/E/G ratio of 4.85 and a beta of 0.67. 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 (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) 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 company had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. During the same quarter in the prior year, the business posted $0.67 earnings per share. The company's revenue was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America raised their price objective on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $106.00 price objective on shares of Walmart in a research note on Friday, August 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $118.00 price objective on shares of Walmart in a research note on Wednesday, September 24th. Finally, Wolfe Research assumed coverage on shares of Walmart in a research note on Thursday, September 18th. They set an "outperform" rating and a $129.00 price target for the company. Thirty analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $112.38.

Insider Buying and Selling

In other news, CTO Suresh Kumar sold 30,000 shares of Walmart stock in a transaction on Friday, September 12th. The stock was sold at an average price of $103.47, for a total value of $3,104,100.00. Following the transaction, the chief technology officer directly owned 1,787,200 shares in the company, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $100.96, for a total value of $403,840.00. Following the completion of the sale, the executive vice president directly owned 1,052,455 shares of the company's stock, valued at $106,255,856.80. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,232 shares of company stock valued at $15,083,877. 0.10% of the stock is owned by insiders.

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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