Walmart Inc. $WMT Stock Holdings Trimmed by New Century Financial Group LLC

Key Points

• New Century Financial Group LLC significantly reduced its Walmart Inc. holdings by 69.4% during the 2nd quarter, selling 8,196 shares and now owning only 3,615 shares worth approximately $353,000.
• In contrast, Kingstone Capital Partners Texas LLC increased its position by 397,264.9%, acquiring over 104 million shares valued at about $10.5 billion.
• Walmart's recent earnings report showed a miss on earnings per share, with results of $0.68 compared to the expected $0.74, and quarterly revenue of $169.34 billion, below estimates of $174.02 billion.

New Century Financial Group LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 69.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,615 shares of the retailer's stock after selling 8,196 shares during the period. New Century Financial Group LLC's holdings in Walmart were worth $353,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WMT. Kingstone Capital Partners Texas LLC increased its position in shares of Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Nuveen LLC acquired a new position in shares of Walmart during the 1st quarter valued at $2,532,331,000. Goldman Sachs Group Inc. increased its position in shares of Walmart by 30.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after purchasing an additional 7,706,201 shares during the period. Wellington Management Group LLP increased its position in shares of Walmart by 527.1% during the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock valued at $591,620,000 after purchasing an additional 5,664,484 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its position in shares of Walmart by 28,684.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock valued at $371,295,000 after purchasing an additional 4,214,661 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated 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 directly owned 932,313 shares in the company, valued at approximately $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $95.97, for a total value of $1,863,353.52. Following the transaction, the chief executive officer owned 4,392,985 shares in the company, valued at $421,594,770.45. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,232 shares of company stock valued at $15,083,877. Company insiders own 0.10% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $102.15 on Friday. Walmart Inc. has a fifty-two week low of $78.98 and a fifty-two week high of $106.11. The business has a 50-day moving average of $100.77 and a two-hundred day moving average of $96.68. The stock has a market capitalization of $814.46 billion, a P/E ratio of 38.40, a P/E/G ratio of 4.81 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly 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 company had revenue of $169.34 billion during 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%.Walmart's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior 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, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WMT. Telsey Advisory Group restated an "outperform" rating and issued a $118.00 target price on shares of Walmart in a report on Wednesday, September 24th. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. KeyCorp lifted their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Mizuho reiterated an "outperform" rating and set a $115.00 price target on shares of Walmart in a report on Wednesday, August 13th. Finally, Truist Financial lowered their price target on Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Thirty investment 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 a consensus target price of $112.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.