Harvey Capital Management Inc. Invests $2.48 Million in Walmart Inc. $WMT

Harvey Capital Management Inc. acquired a new stake in Walmart Inc. (NASDAQ:WMT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,888 shares of the retailer’s stock, valued at approximately $2,479,000.

A number of other institutional investors have also made changes to their positions in the business. Entrust Financial LLC acquired a new stake in Walmart in the 4th quarter valued at $27,000. Merkkuri Wealth Advisors LLC bought a new stake in Walmart during the 1st quarter worth about $29,000. Bay Harbor Wealth Management LLC boosted its stake in shares of Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after buying an additional 105 shares during the last quarter. Sankala Group LLC acquired a new position in shares of Walmart during the 4th quarter worth about $33,000. Finally, Motiv8 Investments LLC bought a new position in shares of Walmart in the 4th quarter valued at about $34,000. Institutional investors own 26.76% of the company’s stock.

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart’s fiscal second-quarter results showed continued momentum beyond traditional store sales: revenue reached approximately $187.9 billion, global e-commerce grew 23%, and advertising revenue increased 38%. These higher-growth businesses could support future margins and cash flow. Walmart Growth Engine Hums
• Positive Sentiment: Analysts and commentary continue to point to Walmart’s expanding e-commerce, digital advertising, memberships, convenience-led fulfillment, automation and AI initiatives as reasons the recent decline could represent a long-term buying opportunity. Walmart’s scale and value-focused pricing remain important competitive advantages. Walmart Continues to Grow Beyond Retail
• Neutral Sentiment: Walmart settled a U.S. Justice Department lawsuit alleging that its pharmacies unlawfully contributed to the opioid epidemic. Resolving the case removes an overhang and reduces legal uncertainty, although the financial terms and any broader implications remain important for investors. Walmart Settles U.S. Opioid Lawsuit
• Negative Sentiment: Recent coverage highlights a potentially tougher consumer environment. Walmart’s comparable sales growth was 3.4% excluding pharmacy-related items, while middle-income shoppers appear increasingly focused on necessities and limiting discretionary purchases. Walmart and Home Depot Results
• Negative Sentiment: Investors are also questioning whether Walmart’s valuation adequately reflects its strong performance. A high earnings multiple, slower core sales growth and the stock’s position below its moving averages have amplified the impact of the recent selloff. Walmart Selloff Analysis
• Negative Sentiment: Executive Vice President Daniel Danker sold 50,644 shares worth approximately $5.3 million. The sale was made under a pre-arranged Rule 10b5-1 plan to cover taxes on vested equity awards, making it a weaker bearish signal than discretionary insider selling. Walmart Insider Trading Filing

Wall Street Analyst Weigh In

Several research firms recently issued reports on WMT. Deutsche Bank Aktiengesellschaft set a $113.00 target price on Walmart in a report on Friday, August 21st. Weiss Ratings downgraded Walmart from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Wolfe Research reaffirmed an “outperform” rating and set a $115.00 price target on shares of Walmart in a research report on Friday, August 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $130.00 price objective on shares of Walmart in a research note on Friday, August 21st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $125.00 price objective (down from $140.00) on shares of Walmart in a report on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $131.88.

Insider Activity at Walmart

In related news, EVP Daniel Danker sold 50,644 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $105.35, for a total value of $5,335,345.40. Following the transaction, the executive vice president owned 201,672 shares in the company, valued at approximately $21,246,145.20. This represents a 20.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Daniel J. Bartlett sold 3,775 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $109.64, for a total transaction of $413,891.00. Following the completion of the transaction, the executive vice president directly owned 630,009 shares in the company, valued at approximately $69,074,186.76. This represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,292 shares of company stock worth $8,421,143 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $103.09 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23. The company has a fifty day moving average price of $111.90 and a two-hundred day moving average price of $120.39. Walmart Inc. has a one year low of $95.79 and a one year high of $135.15. The stock has a market cap of $820.40 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 3.92 and a beta of 0.61.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. The company had revenue of $187.94 billion for the quarter, compared to analyst estimates of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Equities analysts anticipate that Walmart Inc. will post 2.87 EPS for the current year.

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.