Augustine Asset Management Inc. Acquires 744 Shares of Walmart Inc. $WMT

Augustine Asset Management Inc. lifted its holdings in Walmart Inc. (NYSE:WMT) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,155 shares of the retailer’s stock after purchasing an additional 744 shares during the period. Augustine Asset Management Inc.’s holdings in Walmart were worth $1,482,000 at the end of the most recent reporting period.

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

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the completion of the sale, the chief executive officer directly owned 4,373,576 shares of the company’s stock, valued at approximately $451,396,778.96. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the 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 sale, the executive vice president directly owned 906,064 shares of the company’s stock, valued at $93,995,079.36. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,232 shares of company stock worth $15,077,519 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Walmart Trading Up 0.1%

WMT opened at $103.14 on Friday. Walmart Inc. has a one year low of $78.98 and a one year high of $106.11. The company has a market cap of $822.32 billion, a P/E ratio of 38.77, a PEG ratio of 4.86 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. The business’s 50-day simple moving average is $100.16 and its 200-day simple moving average is $96.11.

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 analysts’ consensus estimates of $0.74 by ($0.06). The firm had revenue of $169.34 billion for the quarter, compared to analysts’ expectations of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

WMT has been the subject of several recent analyst reports. KeyCorp raised their price target on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, June 9th. Mizuho reissued an “outperform” rating and issued a $115.00 price target on shares of Walmart in a report on Wednesday, August 13th. The Goldman Sachs Group boosted their price target on Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $118.00 price objective on shares of Walmart in a research report on Wednesday. Finally, Truist Financial cut their price objective on Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

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.