Spectrum Asset Management Inc. NB CA Trims Stock Position in Walmart Inc. $WMT

Spectrum Asset Management Inc. NB CA lessened its holdings in Walmart Inc. (NASDAQ:WMT) by 9.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 45,403 shares of the retailer’s stock after selling 4,629 shares during the period. Walmart makes up about 1.6% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 20th largest position. Spectrum Asset Management Inc. NB CA’s holdings in Walmart were worth $4,679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Access Investment Management LLC purchased a new position in shares of Walmart during the 2nd quarter worth $26,000. PFS Partners LLC raised its holdings in Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after purchasing an additional 233 shares during the period. Ridgewood Investments LLC raised its holdings in Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares during the period. Livelsberger Financial Advisory bought a new position in Walmart in the 2nd quarter worth $44,000. Finally, Harbor Asset Planning Inc. purchased a new position in Walmart during the second quarter valued at $46,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart News Summary

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Appointment of Shishir Mehrotra to the board — Mehrotra (CEO of Superhuman, ex-Grammarly) adds AI/tech product experience and will join the Technology & eCommerce committee, signaling stronger governance and capability for Walmart’s digital and AI initiatives, which investors view as key to e-commerce and supply-chain improvements. Walmart names Shishir Mehrotra to Board of Directors
• Positive Sentiment: New youth fashion line (Mills by Millie Bobby Brown) — Walmart launched an exclusive teen/young-women apparel brand, a low-cost, high-traffic assortment that can drive store/online visits and margins in private brands. It’s a low-capex way to boost traffic and demographic reach. Millie Bobby Brown Debuts Exclusive Fashion Line for Teens and Young Women at Walmart
• Positive Sentiment: Launch of Better Care Services digital healthcare platform — Walmart expanded into a digital healthcare network and cut prices on some wellness items; this broadens Walmart’s services revenue mix and leverages scale in health/wellness, a potential traffic and loyalty driver over time. Walmart Launches Digital Healthcare Platform, to Cut Prices on Some Health Items
• Neutral Sentiment: Analyst/consensus views mixed but constructive — Wells Fargo kept an Overweight rating and lifted its price target to $130, and broader analyst consensus remains around a “moderate buy,” supporting a positive medium-term view despite some caution. Wells Fargo Sees Opportunity at Walmart (WMT) Walmart Receives Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Market mentions & technical chatter — Several outlets flagged WMT among stocks to watch and technical bullish narratives (Elliott Wave / fair-value discussions). These are interest drivers but lower-impact than company strategy or analyst changes. 4 stocks to watch on Thursday: GOOG, TD, ARM, WMT
• Negative Sentiment: Deutsche Bank downgrade to Hold — Deutsche Bank cut WMT from Buy to Hold and set a $119 target, which is modestly above current levels; downgrades can weigh on near-term momentum and cap upside until execution or guidance clears. Walmart resumed with a Hold at Deutsche Bank

Walmart Price Performance

Shares of NASDAQ:WMT opened at $113.07 on Friday. The firm has a market cap of $901.19 billion, a price-to-earnings ratio of 39.53, a P/E/G ratio of 5.20 and a beta of 0.66. The firm has a fifty day moving average price of $109.47 and a 200 day moving average price of $103.61. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $117.45. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The business had revenue of $179.50 billion for the quarter, compared to analysts’ expectations of $175.15 billion. During the same quarter in the previous year, the company earned $0.58 EPS. 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 expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WMT shares. CICC Research started coverage on Walmart in a research report on Friday, December 26th. They issued an “outperform” rating and a $125.00 price target for the company. Robert W. Baird increased their target price on shares of Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Mizuho set a $125.00 price target on shares of Walmart and gave the company an “outperform” rating in a report on Monday. Oppenheimer reiterated an “outperform” rating and issued a $125.00 price target (up from $115.00) on shares of Walmart in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Walmart from $128.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Thirty-two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.37.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $111.83, for a total value of $2,171,291.28. Following the sale, the chief executive officer owned 4,315,333 shares in the company, valued at approximately $482,583,689.39. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $115.21, for a total transaction of $460,840.00. Following the sale, the executive vice president directly owned 1,031,455 shares in the company, valued at approximately $118,833,930.55. The trade was a 0.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 125,628 shares of company stock worth $13,690,065. Insiders own 0.10% of the company’s stock.

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.