Walmart Inc. $WMT Stake Trimmed by Constitution Capital LLC

Key Points

• Constitution Capital LLC reduced its Walmart stake by 15.6% in the second quarter, selling 14,782 shares and retaining 80,081 shares valued at approximately $9.07 million. Walmart remains the firm’s fifth-largest holding, representing 4.7% of its portfolio.
• Walmart reported quarterly revenue of $177.75 billion, up 7.4% year over year and above analyst expectations, while earnings of $0.66 per share matched estimates. The stock opened at $112.66, with a market capitalization of roughly $896.6 billion.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $138.56. Meanwhile, Walmart insiders sold 71,439 shares worth approximately $8.54 million over the past quarter.

Constitution Capital LLC reduced its stake in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 15.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,081 shares of the retailer's stock after selling 14,782 shares during the period. Walmart comprises 4.7% of Constitution Capital LLC's investment portfolio, making the stock its 5th biggest position. Constitution Capital LLC's holdings in Walmart were worth $9,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of WMT. Merkkuri Wealth Advisors LLC purchased a new position in Walmart in the first quarter valued at approximately $29,000. Entrust Financial LLC purchased a new stake in Walmart in the fourth quarter worth $27,000. Bay Harbor Wealth Management LLC raised its stake in shares of Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock valued at $32,000 after buying an additional 105 shares during the period. Sankala Group LLC bought a new stake in shares of Walmart in the fourth quarter valued at $33,000. Finally, Turim 21 Investimentos Ltda. purchased a new position in shares of Walmart during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other news, Director C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the sale, the director directly owned 4,174,579 shares in the company, valued at $495,230,306.77. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president owned 120,203 shares of the company's stock, valued at $14,300,550.91. This trade represents a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 71,439 shares of company stock worth $8,544,532 over the last quarter. Insiders own 0.09% of the company's stock.

Walmart Trading Up 0.7%

NASDAQ:WMT opened at $112.66 on Tuesday. The company has a market cap of $896.56 billion, a P/E ratio of 39.53, a P/E/G ratio of 4.17 and a beta of 0.61. The stock's fifty day moving average price is $114.46 and its two-hundred day moving average price is $121.63. Walmart Inc. has a 1 year low of $95.42 and a 1 year high of $135.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23.

Walmart (NASDAQ:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $177.75 billion during the quarter, compared to analysts' expectations of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, analysts expect that Walmart Inc. will post 2.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WMT. Morgan Stanley increased their price target on Walmart from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 22nd. BTIG Research restated a "buy" rating and issued a $145.00 price objective on shares of Walmart in a research note on Wednesday, June 3rd. Piper Sandler reaffirmed an "overweight" rating on shares of Walmart in a report on Monday, June 8th. Tigress Financial reaffirmed a "buy" rating and set a $155.00 price objective (up from $150.00) on shares of Walmart in a report on Friday, May 29th. Finally, Sanford C. Bernstein set a $142.00 target price on shares of Walmart and gave the stock an "outperform" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $138.56.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

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