Pacer Advisors Inc. Has $36.49 Million Position in Walmart Inc. $WMT

Pacer Advisors Inc. cut its holdings in Walmart Inc. (NASDAQ:WMT) by 17.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 354,023 shares of the retailer’s stock after selling 73,988 shares during the quarter. Pacer Advisors Inc.’s holdings in Walmart were worth $36,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Walmart by 1.4% in the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock valued at $42,223,116,000 after purchasing an additional 5,856,468 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its position in shares of Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock worth $10,496,702,000 after buying an additional 104,488,610 shares during the period. Geode Capital Management LLC increased its stake 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 during the last quarter. Norges Bank acquired a new stake in shares of Walmart in the 2nd quarter valued at approximately $5,367,770,000. Finally, Ameriprise Financial Inc. boosted its stake 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 acquiring an additional 1,098,342 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. DA Davidson set a $130.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Friday, November 21st. BMO Capital Markets upped their price objective on shares of Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. KeyCorp reaffirmed an “overweight” rating and set a $120.00 price objective (up previously from $110.00) on shares of Walmart in a research note on Friday, November 21st. Piper Sandler reissued an “overweight” rating and issued a $123.00 target price (up from $111.00) on shares of Walmart in a research note on Friday, November 21st. Finally, Tigress Financial increased their price target on Walmart from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Thirty-two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.69.

Walmart Stock Up 0.1%

NASDAQ:WMT opened at $111.74 on Friday. The stock has a 50-day simple moving average of $108.13 and a 200 day simple moving average of $102.53. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $117.45. The company has a market cap of $890.59 billion, a PE ratio of 39.07, a PEG ratio of 5.15 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80.

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

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $107.18, for a total value of $2,081,006.88. Following the completion of the transaction, the chief executive officer owned 4,354,162 shares in the company, valued at $466,679,083.16. This trade represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $111.23, for a total value of $244,706.00. Following the sale, the executive vice president owned 617,318 shares in the company, valued at $68,664,281.14. The trade was a 0.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 108,412 shares of company stock valued at $11,741,699 in the last quarter. Company insiders own 0.10% of the company’s stock.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.