Truist Financial Corp Grows Stock Position in Walmart Inc. $WMT

Truist Financial Corp lifted its position in Walmart Inc. (NASDAQ:WMT) by 0.3% during the 3rd quarter, Holdings Channel reports. The firm owned 3,803,357 shares of the retailer’s stock after acquiring an additional 10,122 shares during the period. Truist Financial Corp’s holdings in Walmart were worth $391,974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rainey & Randall Wealth Advisors Inc. increased its position in Walmart by 14.0% during the 3rd quarter. Rainey & Randall Wealth Advisors Inc. now owns 3,283 shares of the retailer’s stock valued at $338,000 after purchasing an additional 403 shares during the period. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Walmart by 0.8% during the third quarter. Adamsbrown Wealth Consultants LLC now owns 22,706 shares of the retailer’s stock valued at $2,340,000 after purchasing an additional 180 shares during the last quarter. EPG Wealth Management LLC boosted its holdings in Walmart by 7.3% in the third quarter. EPG Wealth Management LLC now owns 13,360 shares of the retailer’s stock worth $1,377,000 after acquiring an additional 910 shares in the last quarter. Disciplined Investments LLC boosted its stake in Walmart by 1.0% in the 3rd quarter. Disciplined Investments LLC now owns 31,579 shares of the retailer’s stock worth $3,255,000 after purchasing an additional 302 shares in the last quarter. Finally, DSG Capital Advisors LLC grew its holdings in shares of Walmart by 5.7% during the third quarter. DSG Capital Advisors LLC now owns 64,554 shares of the retailer’s stock valued at $6,653,000 after buying an additional 3,487 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Daniel Danker sold 4,365 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $120.19, for a total value of $524,629.35. Following the completion of the sale, the executive vice president owned 238,583 shares of the company’s stock, valued at approximately $28,675,290.77. This represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $119.17, for a total value of $2,313,804.72. Following the sale, the chief executive officer owned 4,274,856 shares of the company’s stock, valued at approximately $509,434,589.52. This represents a 0.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 135,215 shares of company stock worth $15,304,608. 0.10% of the stock is owned by corporate insiders.

Walmart Stock Down 0.6%

Shares of WMT opened at $116.94 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $932.03 billion, a P/E ratio of 40.89, a P/E/G ratio of 5.02 and a beta of 0.66. The firm has a fifty day moving average price of $113.67 and a 200-day moving average price of $105.63. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $121.62.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. Walmart had a return on equity of 21.31% and a net margin of 3.26%.Walmart’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on WMT. The Goldman Sachs Group set a $121.00 price objective on Walmart and gave the company a “buy” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $126.00 target price (up from $123.00) on shares of Walmart in a research report on Wednesday, January 14th. Jefferies Financial Group reissued a “buy” rating on shares of Walmart in a research note on Tuesday, December 9th. JPMorgan Chase & Co. lifted their target price on Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Finally, TD Cowen reiterated a “buy” rating on shares of Walmart in a report on Wednesday, January 14th. Thirty-two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.20.

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.