Walmart Inc. $WMT Shares Sold by Gateway Investment Advisers LLC

Key Points

• Gateway Investment Advisers LLC reduced its stake in Walmart Inc. by 8.9%, selling 81,494 shares during the second quarter, which now positions Walmart as 0.9% of its investment portfolio.
• Walmart's latest quarterly earnings showed an EPS of $0.68, missing analysts' expectations, with revenue reported at $169.34 billion compared to a forecast of $174.02 billion.
• Analysts maintain a generally positive outlook on Walmart, with an average consensus rating of "Buy" and a target price of $110.76 for the stock.

Gateway Investment Advisers LLC reduced its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 838,741 shares of the retailer's stock after selling 81,494 shares during the period. Walmart accounts for about 0.9% of Gateway Investment Advisers LLC's investment portfolio, making the stock its 21st largest position. Gateway Investment Advisers LLC's holdings in Walmart were worth $82,012,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Operose Advisors LLC lifted its holdings in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after acquiring an additional 243 shares during the period. Bear Mountain Capital Inc. lifted its holdings in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after acquiring an additional 294 shares during the period. EQ Wealth Advisors LLC purchased a new position in shares of Walmart during the 1st quarter worth about $35,000. Finally, Lipe & Dalton lifted its holdings in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after acquiring an additional 200 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on WMT. Royal Bank Of Canada reiterated an "outperform" rating and set a $106.00 price objective on shares of Walmart in a report on Friday, August 22nd. Telsey Advisory Group increased their price objective on shares of Walmart from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. cut 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. Mizuho restated an "outperform" rating and issued a $115.00 price target on shares of Walmart in a report on Wednesday, August 13th. Finally, Truist Financial cut their price target on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Walmart presently has an average rating of "Buy" and a consensus target price of $110.76.

Walmart Stock Down 0.3%

Shares of NYSE:WMT opened at $103.40 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $98.93 and a 200 day simple moving average of $95.48. The firm has a market cap of $824.39 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 4.98 and a beta of 0.65. Walmart Inc. has a 12-month low of $77.49 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued 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). The company had revenue of $169.34 billion during 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $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, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the transaction, the executive vice president owned 623,918 shares of the company's stock, valued at $60,750,895.66. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer directly owned 1,787,200 shares of the company's stock, valued at approximately $184,921,584. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,232 shares of company stock valued at $14,822,719. 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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