Walmart Inc. $WMT Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in Walmart Inc. by 8.5%, holding 2,508,568 shares valued at $245 million after selling 232,019 shares during the second quarter.
• Walmart's stock rose 4.9%, and the company's recent earnings report showed a miss on EPS estimates of $0.68 compared to the expected $0.74, with revenues of $169.34 billion.
• Analysts maintain a buy rating on Walmart stock, with an average target price of $112.63, reflecting confidence despite recent earnings performance.

TD Asset Management Inc lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,508,568 shares of the retailer's stock after selling 232,019 shares during the quarter. TD Asset Management Inc's holdings in Walmart were worth $245,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after acquiring an additional 3,224,154 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its position in shares of 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 acquiring an additional 104,488,610 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Walmart by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock worth $2,710,665,000 after acquiring an additional 387,424 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Walmart by 2.9% during the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after acquiring an additional 823,020 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Up 4.9%

NYSE:WMT opened at $107.15 on Wednesday. The firm has a market capitalization 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. The stock has a 50 day moving average of $101.43 and a 200-day moving average of $97.53. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $107.92. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.

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. Analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WMT. Evercore ISI reaffirmed an "outperform" rating and set a $110.00 target price (up from $108.00) on shares of Walmart in a research report on Monday, August 18th. JPMorgan Chase & Co. lowered their price objective on Walmart from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Bank of America boosted 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $106.00 price objective on shares of Walmart in a report on Friday, August 22nd. Finally, Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Thirty-one analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average target price of $112.63.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the transaction, the chief executive officer directly owned 4,392,985 shares in the company, valued at approximately $421,594,770.45. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business'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 value of $1,248,712.50. Following the transaction, the executive vice president 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,488 shares of company stock valued at $14,917,151. Corporate insiders own 0.10% of the company's stock.

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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