Walmart Inc. $WMT Stake Trimmed by Covea Finance

Key Points

• Covea Finance has decreased its stake in Walmart by 10.1% in Q2, now holding approximately 595,480 shares valued at around $58 million, which makes Walmart the firm's 10th largest holding.
• Some institutional investors have increased their positions in Walmart, including Weatherly Asset Management, which raised its stake by 7.0%, and Monument Capital Management, which increased its stake by 94.2%.
• Analysts have mixed price targets for Walmart, with Tigress Financial raising its target from $120 to $125, while Truist Financial lowered it from $111 to $109, reflecting varied confidence levels on the stock's future performance.

Covea Finance lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 10.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 595,480 shares of the retailer's stock after selling 66,610 shares during the period. Walmart accounts for approximately 2.2% of Covea Finance's portfolio, making the stock its 10th biggest holding. Covea Finance's holdings in Walmart were worth $58,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Weatherly Asset Management L. P. increased its stake in shares of Walmart by 7.0% in the 2nd quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer's stock worth $5,489,000 after acquiring an additional 3,696 shares during the last quarter. Ally Financial Inc. acquired a new stake in shares of Walmart in the 1st quarter worth $2,107,000. Night Squared LP acquired a new stake in shares of Walmart in the 1st quarter worth $1,052,000. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Walmart by 34.6% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer's stock worth $3,355,000 after acquiring an additional 9,831 shares during the last quarter. Finally, Monument Capital Management increased its stake in shares of Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after acquiring an additional 26,685 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the transaction, the executive vice president owned 623,918 shares of the company's stock, valued at $60,750,895.66. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Suresh Kumar sold 30,000 shares of the company'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 transaction, the chief technology officer directly owned 1,787,200 shares in the company, valued at $184,921,584. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,232 shares of company stock worth $14,960,635. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial cut their target price on Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Telsey Advisory Group raised their price objective on Walmart from $115.00 to $118.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Tigress Financial raised their price objective on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Sanford C. Bernstein set a $117.00 price objective on Walmart and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Finally, Evercore ISI restated 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. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $112.62.

Walmart Trading Up 0.4%

WMT opened at $102.79 on Tuesday. The firm has a market cap of $819.53 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 4.82 and a beta of 0.65. Walmart Inc. has a 52 week low of $78.98 and a 52 week high of $106.11. The business's 50 day moving average is $99.54 and its two-hundred day moving average is $95.72. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT - Get Free Report) last released 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). The firm had revenue of $169.34 billion for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.67 EPS. 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.

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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