Walmart Inc. $WMT Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of Walmart Inc. (NASDAQ:WMT) by 14.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 966,401 shares of the retailer’s stock after selling 157,672 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Walmart were worth $94,495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Walmart by 1.4% during the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock valued at $42,223,116,000 after buying an additional 5,856,468 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in shares of Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after acquiring an additional 104,488,610 shares during the period. Geode Capital Management LLC lifted its position in shares of Walmart by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock valued at $9,199,712,000 after acquiring an additional 263,718 shares in the last quarter. Norges Bank acquired a new position in Walmart in the 2nd quarter worth approximately $5,367,770,000. Finally, Ameriprise Financial Inc. grew its position in Walmart by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock worth $3,126,775,000 after purchasing an additional 1,098,342 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, SVP David Chojnowski sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $106.65, for a total value of $746,550.00. Following the transaction, the senior vice president directly owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. This trade represents a 4.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,013 shares of company stock valued at $13,553,747 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WMT. Wolfe Research initiated coverage on Walmart in a report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 target price for the company. Tigress Financial raised their price objective on Walmart from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. The Goldman Sachs Group upped their target price on Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Robert W. Baird raised their price target on shares of Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Finally, KeyCorp reiterated an “overweight” rating and issued a $120.00 price objective (up previously from $110.00) on shares of Walmart in a research note on Friday, November 21st. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.31.

Walmart Price Performance

Shares of WMT opened at $116.70 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. The firm has a market cap of $930.12 billion, a PE ratio of 40.80, a PEG ratio of 5.34 and a beta of 0.64. The firm’s 50 day moving average price is $106.31 and its 200 day moving average price is $101.46. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $116.95.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The company had revenue of $179.50 billion for the quarter, compared to analyst estimates of $175.15 billion. During the same quarter in the prior year, the business posted $0.58 EPS. Walmart’s quarterly revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Company 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.