Amalgamated Bank Sells 62,802 Shares of Walmart Inc. $WMT

Amalgamated Bank reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 923,599 shares of the retailer’s stock after selling 62,802 shares during the quarter. Walmart makes up approximately 0.7% of Amalgamated Bank’s holdings, making the stock its 18th biggest position. Amalgamated Bank’s holdings in Walmart were worth $90,310,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Walmart by 0.8% in the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer’s stock valued at $37,395,120,000 after buying an additional 3,224,154 shares in the last quarter. Kingstone Capital Partners Texas LLC grew its stake in shares of Walmart by 397,264.9% in the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after buying an additional 104,488,610 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock valued at $2,922,770,000 after buying an additional 7,706,201 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Walmart by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer’s stock valued at $2,710,665,000 after buying an additional 387,424 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Walmart by 2.9% in the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer’s stock valued at $2,562,427,000 after buying an additional 823,020 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $103.83, for a total value of $415,320.00. Following the completion of the transaction, the executive vice president owned 1,048,455 shares of the company’s stock, valued at $108,861,082.65. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $98.55, for a total value of $1,293,468.75. Following the sale, the executive vice president owned 919,189 shares in the company, valued at approximately $90,586,075.95. This trade represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 151,038 shares of company stock worth $15,525,280 in the last ninety days. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WMT shares. DA Davidson set a $117.00 target price on shares of Walmart in a research note on Wednesday, October 15th. Oppenheimer raised their price target on Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Wolfe Research began coverage on Walmart in a report on Thursday, September 18th. They set an “outperform” rating and a $129.00 price target for the company. Evercore ISI reaffirmed an “outperform” rating and set a $111.00 price target (up previously from $110.00) on shares of Walmart in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. Thirty-one research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $113.40.

Walmart Stock Down 0.8%

WMT opened at $102.38 on Thursday. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $109.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The company has a market capitalization of $816.27 billion, a P/E ratio of 38.49, a P/E/G ratio of 4.86 and a beta of 0.67. The stock has a fifty day moving average of $102.28 and a 200-day moving average of $99.05.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The company had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. 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 EPS for the current year.

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.