Walmart Inc. $WMT Shares Sold by Costello Asset Management INC

Costello Asset Management INC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,700 shares of the retailer’s stock after selling 174 shares during the quarter. Costello Asset Management INC’s holdings in Walmart were worth $2,122,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. lifted its holdings in Walmart by 7.0% during the 2nd quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock worth $5,489,000 after buying an additional 3,696 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its holdings in Walmart by 34.6% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock worth $3,355,000 after buying an additional 9,831 shares in the last quarter. Ally Financial Inc. acquired a new stake in Walmart during the 1st quarter worth approximately $2,107,000. Night Squared LP acquired a new stake in Walmart during the 1st quarter worth approximately $1,052,000. Finally, Monument Capital Management lifted its holdings in Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock worth $4,829,000 after buying an additional 26,685 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of NYSE:WMT opened at $101.86 on Friday. The company’s fifty day moving average price is $101.22 and its 200 day moving average price is $97.18. Walmart Inc. has a 12 month low of $79.37 and a 12 month high of $106.11. 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 firm has a market capitalization of $812.10 billion, a P/E ratio of 38.29, a P/E/G ratio of 4.80 and a beta of 0.67.

Walmart (NYSE:WMT) last announced 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 return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. Walmart’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, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WMT shares. Telsey Advisory Group restated an “outperform” rating and issued a $118.00 price objective on shares of Walmart in a report on Wednesday, September 24th. Piper Sandler restated an “overweight” rating and issued a $111.00 price objective on shares of Walmart in a report on Wednesday, September 24th. Bank of America raised their price objective on shares of Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. The Goldman Sachs Group raised their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Finally, Mizuho restated an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a report on Wednesday, August 13th. Thirty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.38.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,610 shares of Walmart stock in a transaction on Monday, September 15th. The shares were sold at an average price of $103.71, for a total transaction of $166,973.10. Following the sale, the executive vice president directly owned 645,968 shares in the company, valued at $66,993,341.28. This trade represents a 0.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $103.74, for a total transaction of $1,361,587.50. Following the sale, the executive vice president owned 906,064 shares in the company, valued at $93,995,079.36. This represents 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 $15,083,877 over the last three months. Company 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.