Walmart Inc. $WMT Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel lifted its stake in shares of Walmart Inc. (NASDAQ:WMT) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,838 shares of the retailer’s stock after acquiring an additional 10,597 shares during the quarter. Carnegie Investment Counsel’s holdings in Walmart were worth $20,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of WMT. Kingstone Capital Partners Texas LLC grew its position 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 buying an additional 104,488,610 shares in the last quarter. Norges Bank acquired a new position in Walmart during the 2nd quarter worth approximately $5,367,770,000. Laurel Wealth Advisors LLC increased its position in shares of Walmart by 9,648.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock valued at $1,123,138,000 after purchasing an additional 11,368,549 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Walmart by 1.4% in 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 in the last quarter. Finally, Amundi raised its holdings in shares of Walmart by 23.5% in the 2nd quarter. Amundi now owns 19,493,644 shares of the retailer’s stock valued at $1,902,775,000 after purchasing an additional 3,710,506 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,425 shares of Walmart stock in a transaction on Monday, December 15th. The shares were sold at an average price of $117.00, for a total value of $166,725.00. Following the transaction, the executive vice president directly owned 641,363 shares in the company, valued at approximately $75,039,471. The trade was a 0.22% decrease in their ownership of the stock. 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 stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $109.57, for a total transaction of $2,127,411.12. Following the sale, the chief executive officer owned 4,334,747 shares of the company’s stock, valued at $474,958,228.79. This trade represents a 0.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 108,412 shares of company stock worth $11,741,699 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Walmart Trading Up 0.1%

NASDAQ:WMT opened at $111.74 on Friday. The company has a market capitalization of $890.59 billion, a PE ratio of 39.07, a P/E/G ratio of 5.16 and a beta of 0.64. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $117.45. The stock’s 50 day moving average price is $108.13 and its 200 day moving average price is $102.56. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39.

Walmart (NASDAQ:WMT) last posted its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 21.31% and a net margin of 3.26%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. 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 year.

Analyst Ratings Changes

Several equities analysts recently commented on WMT shares. BMO Capital Markets increased their target price on Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Piper Sandler reaffirmed an “overweight” rating and set a $123.00 price objective (up from $111.00) on shares of Walmart in a research report on Friday, November 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a research report on Wednesday, October 8th. CICC Research began coverage on Walmart in a research note on Friday. They set an “outperform” rating and a $125.00 target price for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, December 9th. Thirty-two investment 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.69.

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.