World Equity Group Inc. Has $3.05 Million Position in Walmart Inc. $WMT

Key Points

• World Equity Group Inc. reduced its stake in Walmart by 11.3%, holding approximately $3.05 million worth of shares after selling 3,965 during the 2nd quarter.
• Significant increases in Walmart holdings were noted from other hedge funds, such as Kingstone Capital Partners, which raised its position by an extraordinary 397,264.9%.
• Walmart has received various price target adjustments from analysts, with a consensus target price of $112.62, indicating a strong "Moderate Buy" rating.

World Equity Group Inc. cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,180 shares of the retailer's stock after selling 3,965 shares during the quarter. Walmart makes up approximately 0.8% of World Equity Group Inc.'s portfolio, making the stock its 24th biggest position. World Equity Group Inc.'s holdings in Walmart were worth $3,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Kingstone Capital Partners Texas LLC raised its position in shares of Walmart by 397,264.9% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock worth $10,496,702,000 after acquiring an additional 104,488,610 shares in the last quarter. Nuveen LLC bought a new position in shares of Walmart in the 1st quarter worth about $2,532,331,000. GAMMA Investing LLC raised its position in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after acquiring an additional 7,860,306 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Walmart by 527.1% in the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock worth $591,620,000 after acquiring an additional 5,664,484 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,610 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $103.71, for a total value of $166,973.10. Following the transaction, the executive vice president owned 645,968 shares in the company, valued at $66,993,341.28. The trade was a 0.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $103.74, for a total value of $1,361,587.50. Following the completion of the transaction, the executive vice president owned 906,064 shares in the company, valued at $93,995,079.36. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 151,232 shares of company stock worth $14,960,635. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WMT. Royal Bank Of Canada reissued an "outperform" rating and issued a $106.00 price objective on shares of Walmart in a research report on Friday, August 22nd. KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Truist Financial decreased their target price on Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Wolfe Research initiated coverage on Walmart in a research report on Thursday, September 18th. They issued an "outperform" rating and a $129.00 target price for the company. Finally, Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Walmart has an average rating of "Moderate Buy" and a consensus target price of $112.62.

Walmart Stock Performance

Shares of WMT opened at $102.44 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The stock has a 50 day moving average price of $99.68 and a two-hundred day moving average price of $95.77. The firm has a market capitalization of $816.76 billion, a P/E ratio of 38.51, a P/E/G ratio of 4.85 and a beta of 0.65. Walmart Inc. has a 52 week low of $78.98 and a 52 week high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS 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 the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

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.

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