Walmart Inc. $WMT Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp cut its stake in Walmart Inc. (NASDAQ:WMT) by 1.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 472,513 shares of the retailer’s stock after selling 5,263 shares during the quarter. Walmart makes up approximately 1.5% of Heritage Investors Management Corp’s portfolio, making the stock its 17th biggest holding. Heritage Investors Management Corp’s holdings in Walmart were worth $53,517,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Journey Advisory Group LLC grew its holdings in shares of Walmart by 0.8% in the 2nd quarter. Journey Advisory Group LLC now owns 77,182 shares of the retailer’s stock worth $8,741,000 after acquiring an additional 635 shares during the period. Correct Capital Wealth Management boosted its position in Walmart by 45.1% during the second quarter. Correct Capital Wealth Management now owns 10,000 shares of the retailer’s stock worth $1,133,000 after purchasing an additional 3,107 shares in the last quarter. Boomfish Wealth Group LLC grew its holdings in Walmart by 5.7% in the second quarter. Boomfish Wealth Group LLC now owns 3,772 shares of the retailer’s stock valued at $427,000 after purchasing an additional 203 shares during the last quarter. Provident Wealth Management LLC increased its position in shares of Walmart by 51.9% in the second quarter. Provident Wealth Management LLC now owns 4,092 shares of the retailer’s stock valued at $463,000 after buying an additional 1,398 shares in the last quarter. Finally, River Wealth Advisors LLC raised its stake in shares of Walmart by 2.7% during the 2nd quarter. River Wealth Advisors LLC now owns 66,044 shares of the retailer’s stock worth $7,480,000 after buying an additional 1,748 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart’s e-commerce business continues to be viewed as a significant growth engine, with its digital capabilities increasingly resembling a broader commerce platform rather than a traditional big-box retailer. Walmart’s E-Commerce Engine Roars
• Positive Sentiment: Jefferies said potential tariff refunds could support Walmart’s price-leadership strategy. Reinvesting the money in lower prices could widen its price gap with competitors and help drive market-share gains, particularly in consumables. Walmart set for in-line Q2
• Positive Sentiment: Royal Bank of Canada reaffirmed an “Outperform” rating, providing some support for the long-term investment case despite near-term sales concerns. RBC Reaffirms Outperform Rating
• Neutral Sentiment: Walmart is expected to deliver largely in-line second-quarter results. The key catalysts are management’s second-half outlook, tariff-refund treatment and the potential effect on pricing and margins. Walmart Q2 earnings preview
• Neutral Sentiment: The company will release results before the market opens on August 20 and host a conference call with CEO John Furner and CFO John David Rainey. Walmart to Host Second Quarter Earnings Conference Call
• Negative Sentiment: Deutsche Bank expects Walmart to miss second-quarter comparable-sales estimates, while high gasoline prices are pressuring household budgets and raising the retailer’s operating costs. Walmart Seen Missing Comparable Sales Estimates
• Negative Sentiment: Analysts have cited elevated fuel costs, rising expenses and valuation concerns as reasons for Walmart’s recent weakness, despite solid revenue growth and e-commerce momentum. Walmart Stock Slides About 12% in 3 Months
• Negative Sentiment: Amazon’s AI-powered Alexa shopping tools could intensify competition for grocery-list creation and digital shopping relationships, areas strategically important to Walmart’s e-commerce growth. Amazon’s Alexa Shopping Strategy

Walmart Stock Performance

Shares of WMT opened at $115.27 on Monday. The stock has a fifty day moving average of $114.34 and a two-hundred day moving average of $121.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The company has a market capitalization of $917.33 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 4.30 and a beta of 0.61. Walmart Inc. has a fifty-two week low of $95.42 and a fifty-two week high of $135.15.

Walmart (NASDAQ:WMT) last issued its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The company had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, analysts forecast that Walmart Inc. will post 2.88 EPS for the current year.

Insider Transactions at Walmart

In related news, EVP Latriece Watkins sold 11,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the transaction, the executive vice president directly owned 120,203 shares in the company, valued at approximately $14,300,550.91. This represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 3,775 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total value of $413,891.00. Following the completion of the sale, the executive vice president directly owned 630,009 shares in the company, valued at approximately $69,074,186.76. The trade was a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 70,189 shares of company stock valued at $8,377,320. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Morgan Stanley increased their price target on shares of Walmart from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Freedom Capital upgraded Walmart from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $137.00 price target on shares of Walmart in a report on Wednesday, August 12th. TD Cowen reaffirmed a “buy” rating and set a $150.00 price objective (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. Finally, Mizuho set a $130.00 price objective on Walmart in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $138.56.

About Walmart

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.