Wesbanco Bank Inc. Buys 45,344 Shares of Walmart Inc. $WMT

Key Points

• Wesbanco Bank Inc. increased its holdings in Walmart Inc. by 14.8%, acquiring an additional 45,344 shares, bringing its total to 351,768 shares valued at approximately $34.4 million.
• Walmart's recent quarterly earnings report indicated earnings per share of $0.68, missing analyst expectations of $0.74, with a revenue of $169.34 billion.
• Several analysts maintained an "outperform" rating for Walmart, with price targets ranging from $106 to $118, while the average consensus target price is $110.76.

Wesbanco Bank Inc. grew its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 351,768 shares of the retailer's stock after acquiring an additional 45,344 shares during the quarter. Walmart accounts for approximately 1.0% of Wesbanco Bank Inc.'s holdings, making the stock its 16th largest holding. Wesbanco Bank Inc.'s holdings in Walmart were worth $34,396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Operose Advisors LLC lifted its holdings in shares of Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the period. Bear Mountain Capital Inc. raised its position in Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in Walmart during the first quarter valued at approximately $35,000. Finally, Lipe & Dalton raised its position in Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

NYSE WMT opened at $103.48 on Friday. The stock's fifty day moving average is $98.71 and its two-hundred day moving average is $95.40. The firm has a market capitalization of $825.03 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 4.93 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data 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 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 business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $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 anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $98.30, for a total transaction of $216,260.00. Following the transaction, the executive vice president owned 626,118 shares of the company's stock, valued at approximately $61,547,399.40. This represents a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the transaction, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,382 shares of company stock worth $11,718,441. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $106.00 price target on shares of Walmart in a research report on Friday, August 22nd. Evercore ISI restated an "outperform" rating and issued a $110.00 price objective (up from $108.00) on shares of Walmart in a research report on Monday, August 18th. Sanford C. Bernstein set a $117.00 price objective on Walmart and gave the company an "outperform" rating in a research report on Friday, August 22nd. KeyCorp boosted their price objective on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, Telsey Advisory Group boosted their price objective on Walmart from $115.00 to $118.00 and gave the company an "outperform" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $110.76.

About Walmart

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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