Walmart Inc. $WMT Shares Sold by Grant Private Wealth Management Inc

Key Points

• Grant Private Wealth Management Inc reduced its holdings in Walmart by 53.1%, now owning 2,868 shares valued at approximately $280,000.
• Several institutional investors, including Brighton Jones LLC and Two Sigma Advisers LP, have increased their stakes in Walmart, indicating a positive sentiment among large investors.
• Walmart's stock has been receiving positive ratings from analysts, with an average price target of $112.03 and a majority rating it as a "Buy."

Grant Private Wealth Management Inc reduced its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 53.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,868 shares of the retailer's stock after selling 3,243 shares during the period. Grant Private Wealth Management Inc's holdings in Walmart were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Weatherly Asset Management L. P. raised its stake in shares of Walmart by 7.0% in the second quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer's stock valued at $5,489,000 after acquiring an additional 3,696 shares in the last quarter. Ally Financial Inc. acquired a new stake in shares of Walmart in the first quarter valued at $2,107,000. Night Squared LP acquired a new stake in shares of Walmart in the first quarter valued at $1,052,000. Gerber Kawasaki Wealth & Investment Management raised its stake in shares of 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 acquiring an additional 9,831 shares in the last quarter. Finally, Monument Capital Management raised its stake in shares of Walmart by 94.2% in the first quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock valued at $4,829,000 after acquiring an additional 26,685 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $100.96, for a total transaction of $403,840.00. Following the transaction, the executive vice president owned 1,052,455 shares of the company's stock, valued at $106,255,856.80. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,107 shares of company stock valued at $13,183,727. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

WMT has been the topic of several analyst reports. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Mizuho restated an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research note on Wednesday, August 13th. Sanford C. Bernstein set a $117.00 price target on Walmart and gave the company an "outperform" rating in a research note on Friday, August 22nd. Truist Financial cut their price target on Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Oppenheimer raised their price target on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Walmart presently has an average rating of "Buy" and a consensus target price of $112.03.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.46 during midday trading on Monday, reaching $102.79. 12,856,457 shares of the company were exchanged, compared to its average volume of 18,927,965. 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 Inc. has a 1 year low of $78.98 and a 1 year high of $106.11. The stock has a fifty day simple moving average of $99.40 and a 200 day simple moving average of $95.64. The stock has a market cap of $819.53 billion, a P/E ratio of 38.64, a PEG ratio of 4.82 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last released 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 return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion for the quarter, compared to analysts' expectations of $174.02 billion. During the same period in the prior year, the business earned $0.67 EPS. The business's quarterly 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. On average, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Company 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.