Bank of Nova Scotia Sells 545,007 Shares of Walmart Inc. $WMT

Bank of Nova Scotia decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 38.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 870,552 shares of the retailer’s stock after selling 545,007 shares during the period. Bank of Nova Scotia’s holdings in Walmart were worth $85,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Atlas Legacy Advisors LLC grew its holdings in shares of Walmart by 1.1% in the second quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock worth $851,000 after acquiring an additional 98 shares during the period. Meridian Wealth Partners LLC boosted its position in Walmart by 2.1% in the second quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer’s stock worth $470,000 after purchasing an additional 99 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Walmart by 1.1% during the 2nd quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock valued at $961,000 after purchasing an additional 103 shares during the period. RoundAngle Advisors LLC increased its position in shares of Walmart by 0.4% during the 2nd quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock valued at $2,542,000 after purchasing an additional 105 shares during the last quarter. Finally, PCG Wealth Advisors LLC lifted its stake in shares of Walmart by 3.6% in the 2nd quarter. PCG Wealth Advisors LLC now owns 3,024 shares of the retailer’s stock worth $296,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $103.83, for a total value of $415,320.00. Following the completion of the sale, the executive vice president directly owned 1,048,455 shares of the company’s stock, valued at $108,861,082.65. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the transaction, the chief executive officer directly owned 4,373,576 shares of the company’s stock, valued at $451,396,778.96. The trade was a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,013 shares of company stock worth $16,657,847 in the last quarter. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of several recent research reports. Bank of America boosted their target price on shares of Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Cowen reissued a “buy” rating on shares of Walmart in a research report on Monday, November 10th. JPMorgan Chase & Co. raised their target price on Walmart from $128.00 to $129.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Piper Sandler reiterated an “overweight” rating and set a $123.00 target price (up from $111.00) on shares of Walmart in a research report on Friday, November 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a research report on Wednesday, October 8th. Thirty-one analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $119.00.

Walmart Stock Performance

NYSE:WMT opened at $115.22 on Monday. The stock has a 50-day moving average price of $105.07 and a 200 day moving average price of $100.88. The stock has a market capitalization of $918.32 billion, a P/E ratio of 40.29, a P/E/G ratio of 5.32 and a beta of 0.64. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $116.27. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39.

Walmart (NYSE: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. The business had revenue of $179.50 billion for the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts forecast 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.