10,500 Shares in Walmart Inc. $WMT Purchased by Cherokee Insurance Co

Cherokee Insurance Co acquired a new position in Walmart Inc. (NYSE:WMT) during the 2nd quarter, HoldingsChannel reports. The fund acquired 10,500 shares of the retailer’s stock, valued at approximately $1,027,000.

Several other large investors also recently bought and sold shares of WMT. Atlas Legacy Advisors LLC increased its position in shares of Walmart by 1.1% during the second quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock worth $851,000 after purchasing an additional 98 shares in the last quarter. Bedel Financial Consulting Inc. lifted its holdings in Walmart by 0.4% in the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock valued at $2,275,000 after purchasing an additional 102 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Walmart by 1.1% during the 2nd quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock worth $961,000 after purchasing an additional 103 shares during the last quarter. RoundAngle Advisors LLC grew its holdings in shares of Walmart by 0.4% during the second quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock worth $2,542,000 after buying an additional 105 shares in the last quarter. Finally, PCG Wealth Advisors LLC raised its position in shares of Walmart by 3.6% in the second quarter. PCG Wealth Advisors LLC now owns 3,024 shares of the retailer’s stock valued at $296,000 after buying an additional 105 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMT has been the topic of a number of recent research reports. Bank of America boosted their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Guggenheim restated a “buy” rating and issued a $115.00 price target (up from $112.00) on shares of Walmart in a research report on Monday, August 18th. Evercore ISI reiterated an “outperform” rating and set a $111.00 price objective (up previously from $110.00) on shares of Walmart in a research report on Tuesday, October 21st. Telsey Advisory Group restated an “outperform” rating and issued a $118.00 target price on shares of Walmart in a report on Wednesday, September 24th. Finally, BTIG Research started coverage on Walmart in a research note on Tuesday, October 14th. They issued a “buy” rating and a $120.00 target price for the company. Thirty-two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.50.

Walmart Trading Up 0.0%

WMT opened at $103.47 on Thursday. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $109.57. 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 business has a fifty day simple moving average of $103.33 and a 200-day simple moving average of $99.63. The firm has a market cap of $824.92 billion, a P/E ratio of 38.90, a P/E/G ratio of 4.83 and a beta of 0.67.

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

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $107.75, for a total transaction of $431,000.00. Following the sale, the executive vice president directly owned 1,044,455 shares in the company, valued at $112,540,026.25. This represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were 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 directly owned 4,354,162 shares of the company’s stock, valued at $466,679,083.16. This represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 151,038 shares of company stock valued at $15,531,616. 0.10% of the stock is owned by company insiders.

Walmart Profile

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.