Walmart Inc. $WMT Shares Sold by Townsend & Associates Inc

Key Points

• Townsend & Associates Inc reduced its stake in Walmart by 9.3%, selling 14,828 shares during the second quarter, leaving it with 144,877 shares valued at approximately $14.1 million.
• Institutional ownership of Walmart currently stands at 26.76%, with various hedge funds adjusting their holdings throughout the second quarter.
• Walmart's stock received multiple "buy" ratings from analysts, with a consensus target price of $112.63 and an average market capitalization of $859.50 billion.

Townsend & Associates Inc decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144,877 shares of the retailer's stock after selling 14,828 shares during the quarter. Townsend & Associates Inc's holdings in Walmart were worth $14,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lyell Wealth Management LP raised its stake in Walmart by 14.1% during the second quarter. Lyell Wealth Management LP now owns 118,633 shares of the retailer's stock worth $11,600,000 after purchasing an additional 14,620 shares during the period. Accretive Wealth Partners LLC increased its holdings in shares of Walmart by 0.5% during the 2nd quarter. Accretive Wealth Partners LLC now owns 29,731 shares of the retailer's stock worth $2,907,000 after buying an additional 155 shares during the last quarter. Alaska Wealth Advisors purchased a new stake in shares of Walmart during the 2nd quarter valued at approximately $240,000. Balboa Wealth Partners lifted its holdings in Walmart by 2.8% in the second quarter. Balboa Wealth Partners now owns 7,908 shares of the retailer's stock valued at $773,000 after acquiring an additional 212 shares during the last quarter. Finally, Community Bank of Raymore grew its position in Walmart by 54.8% in the second quarter. Community Bank of Raymore now owns 4,096 shares of the retailer's stock worth $401,000 after acquiring an additional 1,450 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on WMT shares. Royal Bank Of Canada restated an "outperform" rating and issued a $106.00 target price on shares of Walmart in a research report on Friday, August 22nd. BTIG Research started coverage on shares of Walmart in a report on Tuesday, October 14th. They issued a "buy" rating and a $120.00 price objective on the stock. Bank of America increased their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Truist Financial reduced their price target on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Guggenheim reaffirmed a "buy" rating and set a $115.00 price objective (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Thirty-one equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $112.63.

Insider Activity

In other news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president directly owned 623,918 shares of the company's stock, valued at approximately $60,750,895.66. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the sale, the chief technology officer owned 1,787,200 shares in the company, valued at $184,921,584. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,038 shares of company stock worth $14,869,054 over the last three months. Company insiders own 0.10% of the company's stock.

Walmart Trading Up 1.3%

Shares of WMT stock opened at $107.80 on Monday. The stock has a market capitalization of $859.50 billion, a P/E ratio of 40.53, a price-to-earnings-growth ratio of 5.08 and a beta of 0.67. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $109.57. 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 company has a 50 day moving average price of $101.69 and a 200 day moving average price of $98.00.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly 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). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. During the same period in the prior year, the business earned $0.67 EPS. The business's quarterly 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. Equities research analysts predict that Walmart Inc. will post 2.55 EPS 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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