Heritage Wealth Advisors Cuts Stock Holdings in Walmart Inc. $WMT

Heritage Wealth Advisors lowered its stake in Walmart Inc. (NYSE:WMT) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 493,542 shares of the retailer’s stock after selling 7,569 shares during the period. Walmart makes up approximately 2.3% of Heritage Wealth Advisors’ holdings, making the stock its 15th largest holding. Heritage Wealth Advisors’ holdings in Walmart were worth $48,259,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WMT. Traub Capital Management LLC purchased a new position in shares of Walmart in the second quarter worth $107,000. Wealthspire Advisors LLC grew its holdings in Walmart by 9.9% in the 2nd quarter. Wealthspire Advisors LLC now owns 186,880 shares of the retailer’s stock worth $18,273,000 after acquiring an additional 16,864 shares during the last quarter. Perennial Investment Advisors LLC increased its position in shares of Walmart by 1.4% in the second quarter. Perennial Investment Advisors LLC now owns 16,309 shares of the retailer’s stock valued at $1,595,000 after acquiring an additional 225 shares during the period. Wescott Financial Advisory Group LLC purchased a new position in shares of Walmart in the second quarter valued at about $214,000. Finally, Bedell Frazier Investment Counselling LLC raised its stake in shares of Walmart by 8.6% during the second quarter. Bedell Frazier Investment Counselling LLC now owns 4,054 shares of the retailer’s stock valued at $396,000 after acquiring an additional 320 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Tigress Financial boosted their price target on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. UBS Group reiterated a “buy” rating on shares of Walmart in a research report on Friday. The Goldman Sachs Group boosted their target price 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 assumed coverage on Walmart in a research note on Tuesday, October 14th. They issued a “buy” rating and a $120.00 price target for the company. Finally, Royal Bank Of Canada set a $116.00 price target on shares of Walmart and gave the company an “outperform” rating in a report on Wednesday, October 29th. 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.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.97.

Walmart Price Performance

Shares of WMT stock opened at $101.47 on Wednesday. The business’s fifty day moving average is $103.40 and its 200 day moving average is $99.80. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The stock has a market cap of $808.97 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 4.83 and a beta of 0.67. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $109.57.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $107.18, for a total transaction of $2,081,006.88. Following the completion of the transaction, the chief executive officer owned 4,354,162 shares of the company’s stock, valued at $466,679,083.16. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,550 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $107.46, for a total value of $166,563.00. Following the completion of the sale, the executive vice president directly owned 644,418 shares in the company, valued at approximately $69,249,158.28. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 145,383 shares of company stock valued at $14,961,647. Insiders own 0.10% of the company’s stock.

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.