DNB Asset Management AS Increases Stake in Walmart Inc. $WMT

DNB Asset Management AS raised its holdings in Walmart Inc. (NYSE:WMT) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,921,528 shares of the retailer’s stock after buying an additional 58,791 shares during the period. Walmart makes up approximately 0.8% of DNB Asset Management AS’s portfolio, making the stock its 23rd largest position. DNB Asset Management AS’s holdings in Walmart were worth $187,887,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WMT. Entropy Technologies LP boosted its holdings in Walmart by 12.7% in the second quarter. Entropy Technologies LP now owns 103,763 shares of the retailer’s stock valued at $10,146,000 after purchasing an additional 11,665 shares during the period. Magnetar Financial LLC acquired a new stake in Walmart in the 2nd quarter valued at about $476,000. Swiss National Bank raised its position in Walmart by 7.1% in the 2nd quarter. Swiss National Bank now owns 13,347,200 shares of the retailer’s stock valued at $1,305,089,000 after purchasing an additional 885,700 shares in the last quarter. Willis Investment Counsel boosted its stake in shares of Walmart by 0.9% in the 2nd quarter. Willis Investment Counsel now owns 304,826 shares of the retailer’s stock valued at $29,806,000 after buying an additional 2,631 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of Walmart during the second quarter worth approximately $738,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, CTO Suresh Kumar sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $103.47, for a total value of $3,104,100.00. Following the completion of the sale, the chief technology officer owned 1,787,200 shares in the company, valued at approximately $184,921,584. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $431,000.00. Following the completion of the sale, the executive vice president directly owned 1,044,455 shares of the company’s stock, valued at $112,540,026.25. The trade was a 0.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 133,888 shares of company stock valued at $13,835,383 over the last 90 days. 0.10% of the stock is owned by insiders.

Walmart Price Performance

Shares of WMT opened at $107.04 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $109.57. The stock has a market cap of $853.40 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67. The firm has a fifty day moving average price of $103.49 and a 200 day moving average price of $99.85.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $179.50 billion for the quarter, compared to analyst estimates of $175.15 billion. During the same quarter last year, the company posted $0.58 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. Bank of America lifted their price objective 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. Wolfe Research began coverage on Walmart in a report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 target price on the stock. Mizuho reaffirmed an “outperform” rating and set a $115.00 price target on shares of Walmart in a report on Wednesday, August 13th. Finally, BTIG Research started coverage on Walmart in a research report on Tuesday, October 14th. They set a “buy” rating and a $120.00 price objective for the company. Thirty analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.18.

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.