Panagora Asset Management Inc. Sells 259,242 Shares of Walmart Inc. $WMT

Panagora Asset Management Inc. lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 10.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,247,123 shares of the retailer’s stock after selling 259,242 shares during the period. Walmart comprises approximately 1.0% of Panagora Asset Management Inc.’s holdings, making the stock its 16th largest holding. Panagora Asset Management Inc.’s holdings in Walmart were worth $219,724,000 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 WMT. Brighton Jones LLC raised its position in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after buying an additional 485 shares during the period. Alberta Investment Management Corp increased its stake in shares of Walmart by 31.5% in the 1st quarter. Alberta Investment Management Corp now owns 31,300 shares of the retailer’s stock worth $2,748,000 after acquiring an additional 7,500 shares in the last quarter. Bank of Nova Scotia Trust Co. lifted its position in Walmart by 2.1% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 5,263 shares of the retailer’s stock valued at $462,000 after acquiring an additional 109 shares during the period. Finally, Liberty Wealth Management LLC boosted its stake in Walmart by 2,241.3% during the first quarter. Liberty Wealth Management LLC now owns 151,693 shares of the retailer’s stock worth $13,317,000 after acquiring an additional 145,214 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.3%

WMT stock opened at $110.51 on Monday. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $110.70. The business has a fifty day moving average price of $103.97 and a 200-day moving average price of $100.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The stock has a market capitalization of $881.08 billion, a P/E ratio of 41.55, a P/E/G ratio of 4.83 and a beta of 0.67.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $179.50 billion for the quarter, compared to analysts’ expectations of $175.15 billion. During the same period last year, the firm posted $0.58 earnings per share. Walmart’s revenue was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, SVP David Chojnowski sold 7,000 shares of Walmart stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total value of $746,550.00. Following the completion of the sale, the senior vice president owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. The trade was a 4.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $101.63, for a total transaction of $406,520.00. Following the sale, the executive vice president owned 1,040,455 shares of the company’s stock, valued at approximately $105,741,441.65. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 138,597 shares of company stock valued at $14,499,943. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WMT shares. Oppenheimer upped their price objective on shares of Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Cowen restated a “buy” rating on shares of Walmart in a research note on Monday, November 10th. Piper Sandler reaffirmed an “overweight” rating and set a $123.00 price objective (up previously from $111.00) on shares of Walmart in a research report on Friday, November 21st. Evercore ISI reiterated an “outperform” rating and set a $115.00 price objective (up previously from $111.00) on shares of Walmart in a research note on Friday, November 21st. Finally, UBS Group reissued a “buy” rating on shares of Walmart in a research note on Friday, November 14th. Thirty-one equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.55.

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.