Broadway Wealth Solutions Inc. Trims Holdings in Walmart Inc. $WMT

Broadway Wealth Solutions Inc. lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,583 shares of the retailer’s stock after selling 181 shares during the period. Broadway Wealth Solutions Inc.’s holdings in Walmart were worth $448,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Powers Advisory Group LLC increased its holdings in Walmart by 0.3% during the 2nd quarter. Powers Advisory Group LLC now owns 32,628 shares of the retailer’s stock valued at $3,190,000 after purchasing an additional 111 shares during the period. Bourgeon Capital Management LLC boosted its position in Walmart by 12.8% during the 2nd quarter. Bourgeon Capital Management LLC now owns 2,833 shares of the retailer’s stock valued at $277,000 after acquiring an additional 321 shares in the last quarter. BCU Wealth Advisors LLC boosted its position in Walmart by 19.5% during the 2nd quarter. BCU Wealth Advisors LLC now owns 2,969 shares of the retailer’s stock valued at $290,000 after acquiring an additional 485 shares in the last quarter. First United Bank & Trust boosted its position in Walmart by 11.7% during the 2nd quarter. First United Bank & Trust now owns 10,045 shares of the retailer’s stock valued at $982,000 after acquiring an additional 1,053 shares in the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC bought a new stake in Walmart during the 2nd quarter valued at approximately $408,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $118.00 price objective on shares of Walmart in a research report on Wednesday, September 24th. Piper Sandler reaffirmed an “overweight” rating and set a $111.00 price objective on shares of Walmart in a research report on Wednesday, September 24th. JPMorgan Chase & Co. cut their price objective on Walmart from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Wolfe Research started coverage on Walmart in a research report on Thursday, September 18th. They set an “outperform” rating and a $129.00 price objective on the stock. Finally, Evercore ISI reissued an “outperform” rating and issued a $110.00 price target (up from $108.00) on shares of Walmart in a research report on Monday, August 18th. Twenty-nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.38.

Walmart Stock Performance

Shares of WMT opened at $101.97 on Thursday. The stock has a market cap of $812.99 billion, a P/E ratio of 38.33, a P/E/G ratio of 4.86 and a beta of 0.67. Walmart Inc. has a 52 week low of $78.98 and a 52 week high of $106.11. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average price is $100.58 and its 200-day moving average price is $96.40.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 net margin of 3.08% and a return on equity of 21.45%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company 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 research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Suresh Kumar sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $103.47, for a total value of $3,104,100.00. Following the transaction, the chief technology officer directly owned 1,787,200 shares of the company’s stock, valued at approximately $184,921,584. This represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total value of $1,863,353.52. Following the completion of the transaction, the chief executive officer directly owned 4,392,985 shares in the company, valued at $421,594,770.45. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,032 shares of company stock valued at $14,860,951. Insiders own 0.10% of the company’s stock.

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.