Castleark Management LLC Sells 18,540 Shares of Walmart Inc. $WMT

Castleark Management LLC cut its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 17.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,500 shares of the retailer’s stock after selling 18,540 shares during the quarter. Castleark Management LLC’s holdings in Walmart were worth $8,360,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WMT. Atlas Legacy Advisors LLC increased its position in Walmart by 1.1% during 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 increased its holdings in shares of Walmart by 2.1% during 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 period. Revolve Wealth Partners LLC increased its holdings in shares of Walmart by 1.1% during the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock worth $961,000 after purchasing an additional 103 shares during the period. RoundAngle Advisors LLC raised its position in shares of Walmart by 0.4% in the second quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock valued at $2,542,000 after buying an additional 105 shares in the last quarter. Finally, PCG Wealth Advisors LLC boosted its stake in shares of Walmart by 3.6% in the second quarter. PCG Wealth Advisors LLC now owns 3,024 shares of the retailer’s stock valued at $296,000 after buying an additional 105 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other news, SVP David Chojnowski sold 7,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $106.65, for a total value of $746,550.00. Following the completion of the transaction, the senior vice president directly owned 136,289 shares in the company, valued at approximately $14,535,221.85. This represents a 4.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $107.78, for a total value of $1,414,612.50. Following the sale, the executive vice president owned 892,940 shares in the company, valued at $96,241,073.20. This represents a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,013 shares of company stock worth $13,553,747 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WMT shares. Bank of America raised their price objective on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Wolfe Research started coverage on Walmart in a research report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price target on the stock. The Goldman Sachs Group boosted their price target on Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. BTIG Research reiterated a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Walmart in a research note on Friday, November 21st. Finally, KeyCorp reissued an “overweight” rating and issued a $120.00 target price (up from $110.00) on shares of Walmart in a report on Friday, November 21st. Thirty-one analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.31.

Walmart Stock Performance

NASDAQ:WMT opened at $116.70 on Friday. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $116.95. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39. The stock’s 50-day simple moving average is $106.31 and its 200 day simple moving average is $101.49. The firm has a market capitalization 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 (NASDAQ:WMT) last issued its 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. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The firm had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’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, analysts anticipate that Walmart Inc. will post 2.55 EPS 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.