Walmart Inc. $WMT Shares Sold by Wendell David Associates Inc.

Key Points

• Wendell David Associates Inc. reduced its stake in Walmart by 6.2% during Q2, selling 5,498 shares, and now holds 83,790 shares valued at approximately $8.19 million.
• EVP Kathryn J. Mclay sold 4,000 shares of Walmart at an average price of $103.83, while another EVP, John R. Furner, sold 13,125 shares at an average price of $98.55, with both executives seeing a decrease in their positions.
• Walmart's stock is currently trading at $107.80, with analysts providing mixed ratings and price targets ranging from $112.63 to $125.00, indicating a generally positive outlook despite recent earnings misses.

Wendell David Associates Inc. lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,790 shares of the retailer's stock after selling 5,498 shares during the quarter. Wendell David Associates Inc.'s holdings in Walmart were worth $8,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Bedel Financial Consulting Inc. increased its stake in shares of Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after purchasing an additional 102 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Walmart by 1.1% during the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer's stock valued at $961,000 after acquiring an additional 103 shares during the period. Scott & Selber Inc. increased its stake in shares of Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares during the period. Capital Advisors Wealth Management LLC increased its stake in shares of Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after acquiring an additional 105 shares during the period. Finally, RoundAngle Advisors LLC increased its stake in shares of Walmart by 0.4% during the second quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer's stock valued at $2,542,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $103.83, for a total value of $415,320.00. Following the completion of the transaction, the executive vice president owned 1,048,455 shares of the company's stock, valued at approximately $108,861,082.65. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the completion of the transaction, the executive vice president directly owned 919,189 shares of the company's stock, valued at $90,586,075.95. This represents a 1.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 151,038 shares of company stock worth $15,249,614. Company insiders own 0.10% of the company's stock.

Walmart Trading Up 1.3%

Shares of NYSE:WMT opened at $107.80 on Friday. The stock has a market capitalization of $859.50 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 5.08 and a beta of 0.67. Walmart Inc. has a 1-year low of $79.81 and a 1-year 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 $97.92.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results 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). The business had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business 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, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WMT. Tigress Financial raised their price objective 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. BTIG Research began coverage on shares of Walmart in a research note on Tuesday. They set a "buy" rating and a $120.00 price objective on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $118.00 price objective on shares of Walmart in a research note on Wednesday, September 24th. Bank of America raised their price objective on shares of Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Thirty-one analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average target price of $112.63.

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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