Renasant Bank Has $892,000 Stock Position in Walmart Inc. $WMT

Renasant Bank lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 45.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,122 shares of the retailer’s stock after selling 7,595 shares during the period. Renasant Bank’s holdings in Walmart were worth $892,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in WMT. Atlas Legacy Advisors LLC increased its holdings in 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 buying an additional 98 shares during the last quarter. Bedel Financial Consulting Inc. lifted its stake 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 during the last quarter. Revolve Wealth Partners LLC grew its holdings in Walmart by 1.1% during the second 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 period. RoundAngle Advisors LLC increased its position in 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 during the last quarter. Finally, PCG Wealth Advisors LLC raised its stake in 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 period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on WMT. JPMorgan Chase & Co. boosted their target price on Walmart from $127.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI reiterated an “outperform” rating and issued a $111.00 price objective (up from $110.00) on shares of Walmart in a report on Tuesday, October 21st. Bank of America raised their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Royal Bank Of Canada set a $116.00 price target on Walmart and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Wolfe Research assumed coverage on shares of Walmart in a report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price objective for the company. Thirty-two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $113.43.

Insiders Place Their Bets

In other Walmart news, CTO Suresh Kumar sold 30,000 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer owned 1,787,200 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $103.83, for a total transaction of $415,320.00. Following the completion of the transaction, the executive vice president directly owned 1,048,455 shares of the company’s stock, valued at $108,861,082.65. This trade represents a 0.38% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 151,038 shares of company stock worth $15,531,616. Insiders own 0.10% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $103.43 on Wednesday. The firm has a 50 day moving average of $103.25 and a 200-day moving average of $99.60. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $109.57. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $824.63 billion, a PE ratio of 38.88, a PEG ratio of 4.83 and a beta of 0.67.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. 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 research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

About Walmart

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.