Walmart Inc. $WMT Shares Sold by PFG Investments LLC

PFG Investments LLC cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,941 shares of the retailer's stock after selling 5,073 shares during the period. Walmart makes up 0.5% of PFG Investments LLC's holdings, making the stock its 29th largest position. PFG Investments LLC's holdings in Walmart were worth $9,381,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Consolidated Portfolio Review Corp increased its holdings in shares of Walmart by 6.2% in the second quarter. Consolidated Portfolio Review Corp now owns 46,442 shares of the retailer's stock valued at $4,541,000 after purchasing an additional 2,698 shares during the period. Midwest Financial Group LLC increased its holdings in shares of Walmart by 23.2% in the second quarter. Midwest Financial Group LLC now owns 3,205 shares of the retailer's stock valued at $313,000 after purchasing an additional 604 shares during the period. Victrix Investment Advisors increased its holdings in shares of Walmart by 1.6% in the second quarter. Victrix Investment Advisors now owns 42,261 shares of the retailer's stock valued at $4,132,000 after purchasing an additional 651 shares during the period. Sicart Associates LLC acquired a new position in shares of Walmart in the second quarter valued at about $545,000. Finally, Powers Advisory Group LLC grew its holdings in Walmart by 0.3% during the second quarter. Powers Advisory Group LLC now owns 32,628 shares of the retailer's stock worth $3,190,000 after acquiring an additional 111 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of Walmart stock opened at $101.97 on Thursday. Walmart Inc. has a one year low of $78.98 and a one year high of $106.11. The company has a market cap of $812.99 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 4.86 and a beta of 0.67. 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 business's 50 day moving average price is $100.58 and its 200 day moving average price is $96.40.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 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 quarter in the previous year, the business posted $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 predict that Walmart Inc. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Evercore ISI reaffirmed an "outperform" rating and set a $110.00 target price (up from $108.00) on shares of Walmart in a report on Monday, August 18th. Oppenheimer raised their target price on Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Guggenheim reissued a "buy" rating and issued a $115.00 price objective (up from $112.00) on shares of Walmart in a report on Monday, August 18th. Bank of America raised their price objective on Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Finally, Sanford C. Bernstein set a $117.00 price objective on Walmart and gave the company an "outperform" rating in a report on Friday, August 22nd. Twenty-nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average target price of $112.38.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred 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 transaction, the executive vice president owned 1,052,455 shares in the company, valued at approximately $106,255,856.80. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Suresh Kumar sold 30,000 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $103.47, for a total value of $3,104,100.00. Following the sale, the chief technology officer directly owned 1,787,200 shares of the company's stock, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,032 shares of company stock worth $14,860,951. 0.10% of the stock is owned by corporate insiders.

About Walmart

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.