Whitener Capital Management Inc. Cuts Stock Holdings in Walmart Inc. $WMT

Key Points

• Whitener Capital Management Inc. decreased its shareholding in Walmart Inc. by 1.3%, owning 189,605 shares valued at approximately $18.54 million after selling 2,569 shares in the second quarter.
• Walmart's recent quarterly earnings report revealed an EPS of $0.68, missing expectations, with revenue of $169.34 billion, below analysts' predictions of $174.02 billion.
• Analyst ratings for Walmart are predominantly positive, with a majority giving it a Buy rating and an average price target of $112.03 following predictions of strong future earnings growth.

Whitener Capital Management Inc. lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189,605 shares of the retailer's stock after selling 2,569 shares during the period. Walmart accounts for approximately 4.9% of Whitener Capital Management Inc.'s holdings, making the stock its 5th biggest position. Whitener Capital Management Inc.'s holdings in Walmart were worth $18,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Operose Advisors LLC lifted its holdings in shares of Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the last quarter. Bear Mountain Capital Inc. increased its position in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after buying an additional 294 shares during the period. EQ Wealth Advisors LLC bought a new position in shares of Walmart during the first quarter worth about $35,000. Finally, Lipe & Dalton grew its position in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after acquiring an additional 200 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.4%

Shares of WMT traded down $0.39 during midday trading on Tuesday, hitting $102.43. The stock had a trading volume of 8,130,211 shares, compared to its average volume of 18,866,164. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The firm has a market cap of $816.63 billion, a P/E ratio of 38.51, a price-to-earnings-growth ratio of 4.82 and a beta of 0.65. 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 simple moving average of $99.54 and a two-hundred day simple moving average of $95.72.

Walmart (NYSE:WMT - Get Free Report) last issued 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). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. During the same quarter last year, the company posted $0.67 EPS. The firm's revenue was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on WMT. KeyCorp upped their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. JPMorgan Chase & Co. cut their price target on Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Oppenheimer lifted their price target on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, Wolfe Research started coverage on Walmart in a research report on Thursday, September 18th. They issued an "outperform" rating and a $129.00 target price on the stock. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.62.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total value of $403,840.00. Following the transaction, the executive vice president owned 1,052,455 shares in the company, valued at approximately $106,255,856.80. This represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the transaction, the chief executive officer owned 4,412,398 shares in the company, 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. Insiders have sold a total of 151,232 shares of company stock worth $14,960,635 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Walmart 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.