Anchor Investment Management LLC Trims Holdings in Walmart Inc. $WMT

Anchor Investment Management LLC reduced its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,995 shares of the retailer’s stock after selling 4,703 shares during the period. Anchor Investment Management LLC’s holdings in Walmart were worth $7,529,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WMT. Kingstone Capital Partners Texas LLC increased its position in 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 valued at $10,496,702,000 after buying an additional 104,488,610 shares in the last quarter. Norges Bank purchased a new position in shares of Walmart in the 2nd quarter worth about $5,367,770,000. Laurel Wealth Advisors LLC boosted its stake in Walmart by 9,648.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock worth $1,123,138,000 after purchasing an additional 11,368,549 shares in the last quarter. Vanguard Group Inc. grew its position in 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 purchasing an additional 5,856,468 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Walmart by 527.1% during the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock valued at $591,620,000 after purchasing an additional 5,664,484 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. Truist Financial lifted their price objective on Walmart from $109.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Wells Fargo & Company set a $120.00 price target on Walmart and gave the company an “overweight” rating in a report on Friday, November 21st. BMO Capital Markets boosted their target price on Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. boosted their target price on Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, BTIG Research reiterated a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Walmart in a report on Friday, November 21st. Thirty-one equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.31.

Walmart Trading Up 1.0%

Walmart stock opened at $116.70 on Friday. The stock has a market cap of $930.12 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 5.40 and a beta of 0.64. Walmart Inc. has a one year low of $79.81 and a one year high of $116.95. 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 50-day moving average of $106.31 and a two-hundred day moving average of $101.49.

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

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $111.23, for a total transaction of $244,706.00. Following the completion of the transaction, the executive vice president owned 617,318 shares in the company, valued at approximately $68,664,281.14. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $101.63, for a total transaction of $406,520.00. Following the sale, the executive vice president directly owned 1,040,455 shares in the company, valued at $105,741,441.65. This trade represents a 0.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 128,013 shares of company stock valued at $13,553,747 in the last 90 days. 0.10% of the stock is currently owned by insiders.

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.