Assenagon Asset Management S.A. Has $217.59 Million Stake in Walmart Inc. $WMT

Assenagon Asset Management S.A. lowered its holdings in Walmart Inc. (NASDAQ:WMT) by 49.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,111,283 shares of the retailer’s stock after selling 2,058,714 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Walmart were worth $217,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Access Investment Management LLC bought a new stake in shares of Walmart during the second quarter worth about $26,000. PFS Partners LLC lifted its position in Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after acquiring an additional 233 shares in the last quarter. Ridgewood Investments LLC boosted its stake in Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after purchasing an additional 115 shares during the last quarter. Livelsberger Financial Advisory bought a new stake in Walmart during the 2nd quarter worth approximately $44,000. Finally, Harbor Asset Planning Inc. bought a new stake in Walmart during the 2nd quarter worth approximately $46,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $104.75, for a total value of $1,374,843.75. Following the sale, the executive vice president owned 879,815 shares of the company’s stock, valued at approximately $92,160,621.25. The trade was a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $474,958,228.79. The trade was a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 114,703 shares of company stock worth $12,191,911 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on WMT shares. KeyCorp reissued an “overweight” rating and issued a $120.00 price target (up from $110.00) on shares of Walmart in a research report on Friday, November 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a research note on Wednesday, October 8th. Wolfe Research assumed coverage on shares of Walmart in a report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 target price for the company. Sanford C. Bernstein reissued an “outperform” rating and set a $122.00 price target (up from $118.00) on shares of Walmart in a research report on Friday, November 21st. Finally, DA Davidson set a $130.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, November 21st. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.18.

Walmart Price Performance

Shares of NASDAQ:WMT opened at $115.66 on Thursday. The company’s 50-day moving average is $107.09 and its 200 day moving average is $101.88. 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 company has a market capitalization of $921.83 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 5.33 and a beta of 0.64. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $117.45.

Walmart (NASDAQ:WMT) last posted its quarterly earnings data 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. The business had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current 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.