Andra AP fonden Sells 57,100 Shares of Walmart Inc. $WMT

Andra AP fonden cut its position in Walmart Inc. (NASDAQ:WMT) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 641,940 shares of the retailer’s stock after selling 57,100 shares during the quarter. Walmart comprises 0.8% of Andra AP fonden’s investment portfolio, making the stock its 20th biggest position. Andra AP fonden’s holdings in Walmart were worth $72,706,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its stake in Walmart by 1.1% in the 2nd quarter. State Street Corp now owns 188,036,646 shares of the retailer’s stock worth $21,297,031,000 after acquiring an additional 2,107,781 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Walmart by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock worth $11,426,753,000 after purchasing an additional 6,517,394 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Walmart during the second quarter worth about $7,455,131,000. Norges Bank bought a new position in shares of Walmart in the fourth quarter worth approximately $6,458,529,000. Finally, Fisher Asset Management LLC raised its stake in Walmart by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer’s stock valued at $4,526,238,000 after purchasing an additional 328,229 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walmart news, CEO John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $106.66, for a total value of $1,399,912.50. Following the completion of the sale, the chief executive officer owned 647,912 shares in the company, valued at approximately $69,106,293.92. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Nicholas sold 2,900 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $106.65, for a total transaction of $309,285.00. Following the sale, the executive vice president owned 566,253 shares of the company’s stock, valued at $60,390,882.45. This represents a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 81,004 shares of company stock worth $8,601,724. Insiders own 0.09% of the company’s stock.

Walmart Trading Up 2.1%

Shares of Walmart stock traded up $2.27 during trading on Tuesday, reaching $109.71. The company’s stock had a trading volume of 6,552,327 shares, compared to its average volume of 25,376,477. Walmart Inc. has a 52-week low of $98.88 and a 52-week high of $135.15. The company has a market cap of $870.44 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 4.07 and a beta of 0.59. The firm’s 50-day moving average is $109.63 and its two-hundred day moving average is $118.03. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41.

Walmart (NASDAQ:WMT) last issued its earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The company had revenue of $187.94 billion for the quarter, compared to analysts’ expectations of $186.64 billion. During the same quarter last year, the company earned $0.68 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, sell-side analysts anticipate that Walmart Inc. will post 2.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wolfe Research reissued an “outperform” rating and issued a $115.00 price target on shares of Walmart in a research note on Friday, August 21st. Royal Bank Of Canada lowered their price objective on shares of Walmart from $137.00 to $131.00 and set an “outperform” rating on the stock in a research report on Friday, August 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a report on Friday, August 21st. Tigress Financial reiterated a “buy” rating and issued a $155.00 target price on shares of Walmart in a research report on Monday, August 31st. Finally, JPMorgan Chase & Co. reduced their target price on Walmart from $137.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.88.

Walmart Company Profile

Walmart Inc is a multinational retail and technology company that operates supercenters, discount stores, neighborhood markets, e-commerce platforms and membership warehouse clubs. Its merchandise includes groceries, apparel, electronics, home goods, health and beauty products, general merchandise and other consumer products.

Founded by Sam Walton in 1962 and incorporated in 1969, Walmart is headquartered in Bentonville, Arkansas. The company serves customers through operations in the United States and international markets, including Mexico, Canada, China, India and several countries in Central America and Africa.