Summit X LLC Has $6.09 Million Stock Position in Walmart Inc. $WMT

Summit X LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 99.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,248 shares of the retailer’s stock after purchasing an additional 30,983 shares during the quarter. Walmart makes up about 1.1% of Summit X LLC’s investment portfolio, making the stock its 19th largest position. Summit X LLC’s holdings in Walmart were worth $6,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Atlas Legacy Advisors LLC raised its stake in shares of Walmart by 1.1% in the 2nd quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock valued at $851,000 after buying an additional 98 shares in the last quarter. Bedel Financial Consulting Inc. increased its stake in Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock valued at $2,275,000 after acquiring an additional 102 shares during the period. Revolve Wealth Partners LLC raised its position in Walmart by 1.1% in the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock worth $961,000 after purchasing an additional 103 shares in the last quarter. RoundAngle Advisors LLC lifted its stake in Walmart by 0.4% during the second quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock worth $2,542,000 after purchasing an additional 105 shares during the period. Finally, Lauterbach Financial Advisors LLC boosted its holdings in Walmart by 1.8% during the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer’s stock valued at $517,000 after purchasing an additional 106 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

Shares of WMT stock opened at $102.60 on Friday. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $109.57. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $103.02 and its 200-day moving average is $99.46. The firm has a market capitalization of $818.01 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 4.83 and a beta of 0.67.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The company 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 business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last 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. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $103.21, for a total value of $2,003,925.36. Following the transaction, the chief executive officer owned 4,373,576 shares in the company, valued at $451,396,778.96. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the transaction, the chief technology officer owned 1,787,200 shares in the company, valued at approximately $184,921,584. The trade was a 1.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 151,038 shares of company stock worth $15,531,616. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BTIG Research assumed coverage on Walmart in a research report on Tuesday, October 14th. They set a “buy” rating and a $120.00 target price for the company. Royal Bank Of Canada set a $116.00 price objective on Walmart and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. UBS Group restated a “buy” rating and issued a $122.00 target price (up previously from $110.00) on shares of Walmart in a research note on Thursday, October 23rd. Mizuho reissued an “outperform” rating and set a $115.00 price target on shares of Walmart in a report on Wednesday, August 13th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $111.00 price objective (up from $110.00) on shares of Walmart in a research note on Tuesday, October 21st. Thirty-one analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.40.

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.