Conning Inc. cut its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 66,737 shares of the retailer’s stock after selling 865 shares during the quarter. Conning Inc.’s holdings in Walmart were worth $6,526,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Weatherly Asset Management L. P. raised its position in Walmart by 7.0% during the second quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock worth $5,489,000 after acquiring an additional 3,696 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Walmart by 34.6% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock valued at $3,355,000 after acquiring an additional 9,831 shares during the period. Ally Financial Inc. bought a new position in shares of Walmart in the 1st quarter valued at about $2,107,000. Night Squared LP bought a new position in shares of Walmart in the 1st quarter valued at about $1,052,000. Finally, Monument Capital Management grew its position in shares of Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock valued at $4,829,000 after acquiring an additional 26,685 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.
Insider Transactions at Walmart
In other Walmart news, EVP Daniel J. Bartlett sold 1,610 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $103.71, for a total value of $166,973.10. Following the completion of the sale, the executive vice president owned 645,968 shares of the company’s stock, valued at $66,993,341.28. The trade was a 0.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 4,373,576 shares of the company’s stock, valued at $451,396,778.96. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,232 shares of company stock worth $15,083,877. Company insiders own 0.10% of the company’s stock.
Walmart Trading Up 0.1%
Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data 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 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 for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm 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, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Mizuho reissued an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research report on Wednesday, August 13th. Truist Financial reduced their target price on Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. JPMorgan Chase & Co. reduced their target price on Walmart from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Sanford C. Bernstein set a $117.00 target price on Walmart and gave the stock an “outperform” rating in a research note on Friday, August 22nd. Finally, The Goldman Sachs Group lifted their target price on Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Thirty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $112.38.
View Our Latest Stock Report on WMT
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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