Cary Street Partners Financial LLC Sells 45,045 Shares of Walmart Inc. $WMT

Cary Street Partners Financial LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 51.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,561 shares of the retailer’s stock after selling 45,045 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Walmart were worth $4,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Walmart by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock valued at $42,223,116,000 after acquiring an additional 5,856,468 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its stake 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 worth $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Geode Capital Management LLC grew its stake in shares of Walmart by 0.3% during the second quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock worth $9,199,712,000 after purchasing an additional 263,718 shares during the period. Norges Bank bought a new stake in Walmart in the second quarter valued at about $5,367,770,000. Finally, Ameriprise Financial Inc. lifted its stake in Walmart by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer’s stock valued at $2,710,665,000 after buying an additional 387,424 shares during the period. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. DA Davidson set a $130.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research note on Friday, November 21st. Cowen reaffirmed a “buy” rating on shares of Walmart in a research report on Monday, November 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $123.00 target price (up previously from $111.00) on shares of Walmart in a research report on Friday, November 21st. Truist Financial boosted their price target on Walmart from $109.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, KeyCorp restated an “overweight” rating and set a $120.00 price objective (up from $110.00) 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $119.00.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $109.57, for a total value of $2,127,411.12. Following the completion of the transaction, the chief executive officer owned 4,334,747 shares of the company’s stock, valued at approximately $474,958,228.79. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total transaction of $746,550.00. Following the completion of the sale, the senior vice president owned 136,289 shares in the company, valued at $14,535,221.85. This represents a 4.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 158,013 shares of company stock valued at $16,657,847. Corporate insiders own 0.10% of the company’s stock.

Walmart Stock Up 0.3%

NYSE WMT opened at $115.22 on Monday. The company has a market cap of $918.32 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 5.32 and a beta of 0.64. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $105.07 and a 200-day moving average of $100.88. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $116.27.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The company had revenue of $179.50 billion for the quarter, compared to analyst estimates of $175.15 billion. During the same period in the prior year, the firm 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. On average, equities research analysts expect 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.