Walmart Inc. $WMT Shares Sold by Columbia Asset Management

Key Points

• Columbia Asset Management reduced its Walmart shares by 62.6%, owning 8,964 shares worth $876,000 after selling 14,996 shares in Q2.
• Walmart's CEO, C. Douglas McMillon, sold 19,416 shares at approximately $95.97 each, marking a 0.44% decrease in his holdings.
• Walmart reported EPS of $0.68 for the last quarter, missing analysts' expectations of $0.74, with a revenue of $169.34 billion compared to a consensus estimate of $174.02 billion.

Columbia Asset Management trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 62.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,964 shares of the retailer's stock after selling 14,996 shares during the period. Columbia Asset Management's holdings in Walmart were worth $876,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WMT. Operose Advisors LLC raised its holdings in shares of Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the period. PFS Partners LLC raised its holdings in shares of Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer's stock worth $31,000 after purchasing an additional 233 shares during the period. Bear Mountain Capital Inc. raised its holdings in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares during the period. Finally, Ridgewood Investments LLC raised its holdings in shares of Walmart by 55.3% during the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock worth $32,000 after purchasing an additional 115 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the transaction, the chief executive officer owned 4,392,985 shares in the company, valued at approximately $421,594,770.45. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,032 shares of company stock worth $14,860,951. 0.10% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of WMT opened at $101.97 on Thursday. The firm has a 50-day moving average price of $100.58 and a 200 day moving average price of $96.40. The firm has a market capitalization of $812.99 billion, a PE ratio of 38.33, a P/E/G ratio of 4.86 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 52-week low of $78.98 and a 52-week 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 during the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior 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. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on WMT. JPMorgan Chase & Co. dropped their price objective on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Wolfe Research began coverage on shares of Walmart in a report on Thursday, September 18th. They issued an "outperform" rating and a $129.00 price objective on the stock. Evercore ISI reaffirmed an "outperform" rating and issued a $110.00 price objective (up previously from $108.00) on shares of Walmart in a report on Monday, August 18th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $106.00 price objective on shares of Walmart in a report on Friday, August 22nd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $111.00 price objective on shares of Walmart in a report on Wednesday, September 24th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

Walmart Profile

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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