Walmart Inc. $WMT Shares Sold by DoubleLine ETF Adviser LP

Key Points

• DoubleLine ETF Adviser LP sold 23.8% of its shares in Walmart Inc., reducing its total holdings to 79,113 shares worth approximately $6.9 million.
• Walmart reported earnings per share of $0.68 for the last quarter, which was below expectations, with revenue at $169.34 billion, also missing consensus estimates.
• Several institutional investors increased their stakes in Walmart, with Mitsubishi UFJ Asset Management boosting its holdings by 11.8%, now owning nearly 8 million shares valued at approximately $698.8 million.

DoubleLine ETF Adviser LP trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 23.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,113 shares of the retailer's stock after selling 24,666 shares during the period. Walmart accounts for 2.3% of DoubleLine ETF Adviser LP's portfolio, making the stock its 6th biggest position. DoubleLine ETF Adviser LP's holdings in Walmart were worth $6,945,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Full Sail Capital LLC boosted its stake in Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after acquiring an additional 541 shares during the period. Ally Financial Inc. bought a new position in Walmart during the 1st quarter worth $2,107,000. Monument Capital Management increased its position 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 buying an additional 26,685 shares during the period. 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 valued at $3,355,000 after buying an additional 9,831 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Walmart by 11.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer's stock valued at $698,787,000 after acquiring an additional 838,689 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

NYSE:WMT opened at $99.30 on Thursday. 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 business's 50-day moving average price is $98.14 and its 200 day moving average price is $95.29. Walmart Inc. has a 52-week low of $76.30 and a 52-week high of $105.30. The firm has a market cap of $792.42 billion, a P/E ratio of 37.33, a PEG ratio of 4.66 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data 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). 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 quarter last year, the business posted $0.67 EPS. The business'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. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the completion of the transaction, the executive vice president owned 1,056,455 shares in the company, valued at $100,511,128.70. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,382 shares of company stock worth $11,718,441 over the last three months. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WMT. Sanford C. Bernstein set a $117.00 price objective on shares of Walmart and gave the stock an "outperform" rating in a report on Friday, August 22nd. Guggenheim restated a "buy" rating and issued a $115.00 target price (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Mizuho restated an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research note on Wednesday, August 13th. Royal Bank Of Canada reiterated an "outperform" rating and set a $106.00 price objective on shares of Walmart in a research report on Friday, August 22nd. Finally, The Goldman Sachs Group raised their target price on Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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.

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