Walmart Inc. $WMT Shares Sold by Naviter Wealth LLC

Key Points

• Naviter Wealth LLC reduced its stake in Walmart by 9.6%, resulting in ownership of 83,279 shares valued at $8.14 million, making it the 18th largest position in their portfolio.
• Multiple institutional investors increased or initiated their positions in Walmart during the second quarter, indicating overall increased interest in the company from financial firms.
• Walmart reported earnings per share of $0.68 for the last quarter, missing expectations, despite revenue growth of 4.8% year-over-year, prompting analysts to adjust future target prices for the stock.

Naviter Wealth LLC cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 9.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,279 shares of the retailer's stock after selling 8,794 shares during the quarter. Walmart accounts for 1.0% of Naviter Wealth LLC's portfolio, making the stock its 18th largest position. Naviter Wealth LLC's holdings in Walmart were worth $8,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Revolve Wealth Partners LLC boosted its stake in shares of Walmart by 1.1% in the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer's stock valued at $961,000 after purchasing an additional 103 shares during the period. Broad Peak Investment Advisers Pte Ltd purchased a new position in shares of Walmart in the second quarter valued at $5,495,000. Jag Capital Management LLC boosted its stake in shares of Walmart by 2.9% in the second quarter. Jag Capital Management LLC now owns 9,740 shares of the retailer's stock valued at $952,000 after purchasing an additional 274 shares during the period. Nadler Financial Group Inc. boosted its stake in shares of Walmart by 1.7% in the second quarter. Nadler Financial Group Inc. now owns 7,714 shares of the retailer's stock valued at $754,000 after purchasing an additional 126 shares during the period. Finally, Cornerstone Wealth Group LLC boosted its stake in shares of Walmart by 4.0% in the second quarter. Cornerstone Wealth Group LLC now owns 67,438 shares of the retailer's stock valued at $6,594,000 after purchasing an additional 2,604 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WMT. Tigress Financial upped their target price on shares of Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Oppenheimer increased their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. The Goldman Sachs Group increased their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Guggenheim reiterated a "buy" rating and set a $115.00 price objective (up from $112.00) on shares of Walmart in a research note on Monday, August 18th. Finally, Sanford C. Bernstein set a $117.00 price objective on shares of Walmart and gave the company an "outperform" rating in a research note on Friday, August 22nd. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $112.63.

Walmart Stock Up 4.9%

WMT stock opened at $107.15 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $107.92. The firm's 50-day simple moving average is $101.43 and its 200 day simple moving average is $97.53. The stock has a market cap of $854.27 billion, a PE ratio of 40.28, a price-to-earnings-growth ratio of 4.81 and a beta of 0.67.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data 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 return on equity of 21.45% and a net margin of 3.08%.The firm had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same period last year, the business earned $0.67 EPS. The firm's revenue 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 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $103.74, for a total transaction of $1,361,587.50. Following the transaction, the executive vice president owned 906,064 shares of the company's stock, valued at approximately $93,995,079.36. This trade represents a 1.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the transaction, the chief executive officer directly owned 4,373,576 shares in the company, valued at approximately $451,396,778.96. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,488 shares of company stock worth $14,917,151. 0.10% of the stock is owned by company insiders.

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.

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