Perigon Wealth Management LLC Reduces Holdings in Walmart Inc. $WMT

Perigon Wealth Management LLC reduced its position in Walmart Inc. (NYSE:WMT) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,519 shares of the retailer’s stock after selling 1,114 shares during the period. Perigon Wealth Management LLC’s holdings in Walmart were worth $13,447,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Operose Advisors LLC boosted its stake in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after buying an additional 243 shares during the last quarter. Bear Mountain Capital Inc. grew its holdings in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock worth $32,000 after acquiring an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock worth $32,000 after acquiring an additional 294 shares in the last quarter. Ridgewood Investments LLC increased its position in shares of Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares during the last quarter. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of Walmart in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.3%

WMT opened at $103.03 on Friday. The stock’s 50 day moving average price is $99.99 and its 200 day moving average price is $95.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The stock has a market cap of $821.41 billion, a P/E ratio of 38.73, a P/E/G ratio of 4.84 and a beta of 0.65. Walmart Inc. has a 12 month low of $78.98 and a 12 month high of $106.11.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $169.34 billion during 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 company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Activity

In other Walmart news, 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 transaction of $1,863,353.52. Following the sale, the chief executive officer directly owned 4,392,985 shares in the company, valued at approximately $421,594,770.45. The trade was a 0.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $100.96, for a total value of $403,840.00. Following the sale, the executive vice president directly owned 1,052,455 shares in the company, valued at approximately $106,255,856.80. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,816 shares of company stock worth $13,073,594 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on WMT. JPMorgan Chase & Co. lowered their price objective on Walmart from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Bank of America lifted their target price on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Tigress Financial upped their price target on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Wolfe Research began coverage on shares of Walmart in a report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price objective for the company. Finally, Piper Sandler reiterated an “overweight” rating and set a $111.00 target price on shares of Walmart in a research note on Wednesday. Twenty-nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.38.

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.