Iron Gate Global Advisors LLC Reduces Stake in Walmart Inc. $WMT

Key Points

• Iron Gate Global Advisors LLC reduced its holdings in Walmart shares by 9.5% in Q1, owning 43,267 shares after selling 4,528 shares, which represents 0.5% of its investment portfolio.
• Several analysts upgraded Walmart's stock, with unique price targets ranging from $110.00 to $125.00, reflecting a generally positive market outlook with a consensus price target of $110.76.
• Walmart reported an EPS of $0.68 in its most recent earnings, missing estimates and highlighting a 4.8% revenue increase year-over-year despite lower-than-expected quarterly results.

Iron Gate Global Advisors LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,267 shares of the retailer's stock after selling 4,528 shares during the quarter. Walmart comprises about 0.5% of Iron Gate Global Advisors LLC's holdings, making the stock its 23rd largest position. Iron Gate Global Advisors LLC's holdings in Walmart were worth $3,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Night Squared LP purchased a new position in Walmart during the first quarter worth about $1,052,000. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of Walmart by 34.6% in the 1st 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 during the last quarter. Monument Capital Management lifted its stake in shares of Walmart by 94.2% in the 1st 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 during the last quarter. Ally Financial Inc. bought a new position in Walmart during the 1st quarter valued at approximately $2,107,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Walmart by 11.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer's stock valued at $698,787,000 after purchasing an additional 838,689 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on WMT. Oppenheimer upped their price target on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Robert W. Baird increased their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. KeyCorp increased their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Evercore ISI reissued an "outperform" rating and issued a $110.00 target price (up previously from $108.00) on shares of Walmart in a research report on Monday, August 18th. Finally, Guggenheim reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $110.76.

Insider Buying and Selling

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $100.96, for a total transaction of $403,840.00. Following the sale, the executive vice president directly owned 1,052,455 shares in the company, valued at approximately $106,255,856.80. This trade represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total value of $1,863,353.52. Following the sale, the chief executive officer owned 4,392,985 shares in the company, valued at approximately $421,594,770.45. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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.

Walmart Stock Up 0.8%

Shares of Walmart stock traded up $0.83 during midday trading on Friday, hitting $103.48. The company had a trading volume of 11,639,946 shares, compared to its average volume of 17,875,352. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The stock has a market capitalization of $825.03 billion, a P/E ratio of 38.90, a P/E/G ratio of 4.93 and a beta of 0.65. The company has a 50 day moving average of $98.71 and a 200 day moving average of $95.41. Walmart Inc. has a 52-week low of $77.49 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous 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, equities analysts predict 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.