Walmart Inc. $WMT Position Trimmed by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue reduced its holdings in Walmart Inc. by 4.2% in the 2nd quarter, now owning 511,842 shares worth approximately $50 million.
• Walmart's share price recently opened at $103.14, with its stock showing a market capitalization of $822.32 billion and a P/E ratio of 38.77.
• Analysts maintain a generally positive outlook on Walmart, with several brokerages issuing "outperform" ratings and varying price targets, the highest being $129.00.

State of Alaska Department of Revenue lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,842 shares of the retailer's stock after selling 22,717 shares during the quarter. Walmart makes up 0.5% of State of Alaska Department of Revenue's investment portfolio, making the stock its 25th largest holding. State of Alaska Department of Revenue's holdings in Walmart were worth $50,047,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of WMT. Brighton Jones LLC grew its stake in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after acquiring an additional 485 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Walmart by 15.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 11,839 shares of the retailer's stock valued at $1,070,000 after acquiring an additional 1,618 shares in the last quarter. Kera Capital Partners Inc. grew its stake in Walmart by 17.3% during the 1st quarter. Kera Capital Partners Inc. now owns 2,679 shares of the retailer's stock valued at $235,000 after acquiring an additional 395 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Walmart by 74.4% in the 1st quarter. Versant Capital Management Inc now owns 16,160 shares of the retailer's stock valued at $1,419,000 after buying an additional 6,893 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity

In other Walmart news, CTO Suresh Kumar sold 30,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the sale, the chief technology officer owned 1,787,200 shares of the company's stock, valued at $184,921,584. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,610 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $103.71, for a total value of $166,973.10. Following the sale, the executive vice president directly owned 645,968 shares of the company's stock, valued at $66,993,341.28. The trade was a 0.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,232 shares of company stock valued at $15,077,519. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on WMT. Evercore ISI reissued an "outperform" rating and issued a $110.00 price target (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. KeyCorp boosted their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Guggenheim reissued a "buy" rating and issued a $115.00 price target (up previously from $112.00) on shares of Walmart in a research note on Monday, August 18th. Wolfe Research began coverage on Walmart in a research note on Thursday, September 18th. They issued an "outperform" rating and a $129.00 price target for the company. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $118.00 price target on shares of Walmart in a research note on Wednesday. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $112.38.

Walmart Stock Up 0.1%

Shares of Walmart stock opened at $103.14 on Friday. The stock has a market capitalization of $822.32 billion, a P/E ratio of 38.77, a PEG ratio of 4.86 and a beta of 0.65. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $100.16 and a two-hundred day moving average price of $96.03. Walmart Inc. has a 12-month low of $78.98 and a 12-month high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last announced its 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). The company had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

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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