Walmart Inc. $WMT Shares Sold by Park Place Capital Corp

Key Points

• Park Place Capital Corp reduced its holdings in Walmart Inc. by 26.8% in the second quarter, selling 8,771 shares and ending up with 24,000 shares valued at approximately $2.36 million.
• Hedge funds have actively traded Walmart shares, with Kingstone Capital Partners increasing its position dramatically by 397,264.9%, acquiring over 104 million shares valued at around $10.5 billion.
• Walmart's recent earnings report shows it missed EPS estimates, reporting $0.68 compared to the expected $0.74, with a revenue of $169.34 billion against a forecast of $174.02 billion.

Park Place Capital Corp reduced its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 26.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,000 shares of the retailer's stock after selling 8,771 shares during the quarter. Park Place Capital Corp's holdings in Walmart were worth $2,358,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its position in Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock worth $10,496,702,000 after buying an additional 104,488,610 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Walmart in the first quarter valued at $2,532,331,000. Goldman Sachs Group Inc. boosted its holdings in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after acquiring an additional 7,706,201 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Walmart by 527.1% in the first quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock valued at $591,620,000 after acquiring an additional 5,664,484 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its stake in shares of Walmart by 28,684.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock worth $371,295,000 after purchasing an additional 4,214,661 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the transaction, the executive vice president directly owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total value of $403,840.00. Following the transaction, the executive vice president directly 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 disclosure for this sale can be found here. Insiders sold a total of 149,032 shares of company stock valued at $14,860,951 over the last three months. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. Wolfe Research assumed coverage on Walmart in a research note on Thursday, September 18th. They set an "outperform" rating and a $129.00 price objective on the stock. The Goldman Sachs Group lifted their target price on Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. KeyCorp lifted 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. Mizuho reaffirmed an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Wednesday, August 13th. Finally, Truist Financial dropped their target price on Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Twenty-nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $112.38.

Walmart Stock Down 0.0%

Shares of Walmart stock opened at $103.07 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. The firm has a market cap of $821.76 billion, a P/E ratio of 38.75, a P/E/G ratio of 4.86 and a beta of 0.65. Walmart Inc. has a fifty-two week low of $78.98 and a fifty-two week high of $106.11. The business has a 50-day moving average price of $100.45 and a 200 day moving average price of $96.36.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The company had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, sell-side analysts forecast 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.

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