IHT Wealth Management LLC Increases Stock Holdings in Walmart Inc. $WMT

IHT Wealth Management LLC increased its position in shares of Walmart Inc. (NASDAQ:WMT) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,153 shares of the retailer’s stock after acquiring an additional 7,098 shares during the period. IHT Wealth Management LLC’s holdings in Walmart were worth $16,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WMT. Vanguard Group Inc. grew its position in Walmart by 1.4% during the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after buying an additional 5,856,468 shares in the last quarter. Kingstone Capital Partners Texas LLC grew its holdings 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 purchasing an additional 104,488,610 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Walmart by 0.3% during the second quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock worth $9,199,712,000 after purchasing an additional 263,718 shares in the last quarter. Norges Bank bought a new position in shares of Walmart in the second quarter worth approximately $5,367,770,000. Finally, Ameriprise Financial Inc. raised its stake in Walmart by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock valued at $3,126,775,000 after purchasing an additional 1,098,342 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP David Chojnowski sold 7,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total transaction of $746,550.00. Following the completion of the transaction, the senior vice president directly owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $103.21, for a total value of $2,003,925.36. Following the completion of the sale, the chief executive officer directly owned 4,373,576 shares in the company, valued at $451,396,778.96. The trade was a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 128,013 shares of company stock worth $13,553,747 over the last ninety days. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research reports. BMO Capital Markets boosted their price target on shares of Walmart from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Evercore ISI set a $117.00 price objective on shares of Walmart and gave the stock an “outperform” rating in a report on Tuesday. Robert W. Baird upped their target price on shares of Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Piper Sandler reissued an “overweight” rating and issued a $123.00 target price (up previously from $111.00) on shares of Walmart in a research note on Friday, November 21st. Finally, Bank of America lifted their price target on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Thirty-one research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $119.31.

Walmart Stock Performance

Walmart stock opened at $116.70 on Friday. The firm has a fifty day simple moving average of $106.31 and a two-hundred day simple moving average of $101.46. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $116.95. The company has a market capitalization of $930.12 billion, a PE ratio of 40.80, a P/E/G ratio of 5.34 and a beta of 0.64. 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 released its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The company had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. During the same quarter in the previous year, the company posted $0.58 EPS. Walmart’s revenue for the quarter was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Research analysts expect that Walmart Inc. will post 2.55 EPS 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.