Grant Private Wealth Management Inc Cuts Stock Position in Walmart Inc. $WMT

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 filing with the Securities and 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 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Bedel Financial Consulting Inc. raised its position in Walmart by 0.4% in the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after purchasing an additional 102 shares during the last quarter. Scott & Selber Inc. grew its holdings in shares of Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after buying an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its stake in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after buying an additional 105 shares during the last quarter. Lauterbach Financial Advisors LLC grew its stake in shares of Walmart by 1.8% in the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock valued at $517,000 after purchasing an additional 106 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC raised its stake in shares of Walmart by 1.4% during the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,799 shares of the retailer's stock worth $685,000 after buying an additional 106 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. 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. The Goldman Sachs Group boosted their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Oppenheimer upped their price target on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Finally, Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the company an "outperform" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $112.03.

Insider Buying and Selling at Walmart

In other news, 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 owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Suresh Kumar sold 30,000 shares of the stock in a transaction dated Friday, September 12th. The shares were 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. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,107 shares of company stock valued at $13,183,727. 0.10% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of NYSE WMT traded down $1.20 during mid-day trading on Friday, hitting $102.40. The company had a trading volume of 34,721,159 shares, compared to its average volume of 16,199,768. The firm has a market cap of $816.42 billion, a P/E ratio of 38.50, a PEG ratio of 4.82 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $78.11 and a 12 month high of $106.11. The business's 50-day simple moving average is $99.40 and its 200-day simple moving average is $95.64.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $174.02 billion. During the same period last year, the business posted $0.67 EPS. The firm'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, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

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.