Amundi Buys 3,710,506 Shares of Walmart Inc. $WMT

Amundi raised its position in Walmart Inc. (NYSE:WMT) by 23.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 19,493,644 shares of the retailer’s stock after purchasing an additional 3,710,506 shares during the period. Walmart accounts for approximately 0.7% of Amundi’s portfolio, making the stock its 19th largest position. Amundi owned 0.24% of Walmart worth $1,902,775,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Neuberger Berman Group LLC grew its holdings in Walmart by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 5,091,126 shares of the retailer’s stock worth $497,771,000 after purchasing an additional 42,645 shares during the last quarter. Aviva PLC lifted its holdings in shares of Walmart by 16.4% during the 2nd quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock valued at $374,861,000 after purchasing an additional 539,504 shares during the last quarter. Weatherly Asset Management L. P. boosted its position in shares of Walmart by 7.0% in the 2nd quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock worth $5,489,000 after purchasing an additional 3,696 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its position in Walmart by 34.6% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock valued at $3,355,000 after buying an additional 9,831 shares in the last quarter. Finally, Ally Financial Inc. purchased a new stake in Walmart in the first quarter valued at about $2,107,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WMT. Wells Fargo & Company set a $120.00 price target on shares of Walmart and gave the company an “overweight” rating in a research note on Friday, November 21st. Tigress Financial upped their target price on Walmart from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. BTIG Research restated a “buy” rating and issued a $125.00 target price (up previously from $120.00) on shares of Walmart in a research note on Friday, November 21st. Evercore ISI reiterated an “outperform” rating and set a $115.00 price target (up previously from $111.00) on shares of Walmart in a research note on Friday, November 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $116.00 price objective on shares of Walmart in a research note on Friday, November 21st. Thirty-one analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $101.63, for a total transaction of $406,520.00. Following the transaction, the executive vice president directly owned 1,040,455 shares of the company’s stock, valued at $105,741,441.65. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’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 directly owned 617,318 shares of the company’s stock, valued at $68,664,281.14. The trade was a 0.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 158,013 shares of company stock worth $16,657,847. 0.10% of the stock is currently owned by company insiders.

Walmart Stock Performance

NYSE:WMT opened at $114.85 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 stock has a market capitalization of $915.68 billion, a PE ratio of 40.16, a P/E/G ratio of 5.29 and a beta of 0.64. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $114.89. The company has a fifty day moving average of $104.82 and a two-hundred day moving average of $100.71.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $175.15 billion. During the same period in the previous year, the company posted $0.58 earnings per share. 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. As a group, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

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.