Walmart Inc. $WMT Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its holdings in Walmart Inc. (NYSE:WMT) by 27.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 175,011 shares of the retailer’s stock after selling 65,796 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Walmart were worth $17,113,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Prudent Man Advisors LLC boosted its stake in shares of Walmart by 54.9% during the 2nd quarter. Prudent Man Advisors LLC now owns 23,040 shares of the retailer’s stock worth $2,253,000 after acquiring an additional 8,163 shares in the last quarter. Conservest Capital Advisors Inc. raised its holdings in Walmart by 3.6% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 4,341 shares of the retailer’s stock valued at $424,000 after acquiring an additional 150 shares during the last quarter. Interchange Capital Partners LLC increased its holdings in shares of Walmart by 9.8% during the 2nd quarter. Interchange Capital Partners LLC now owns 7,928 shares of the retailer’s stock worth $775,000 after buying an additional 705 shares during the last quarter. Stegent Equity Advisors Inc. acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $492,000. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Walmart by 2.3% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 43,880 shares of the retailer’s stock worth $4,291,000 after buying an additional 968 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the transaction, the chief executive officer owned 4,373,576 shares of the company’s stock, valued at approximately $451,396,778.96. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the transaction, the executive vice president directly owned 1,048,455 shares in the company, valued at $108,861,082.65. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,038 shares of company stock worth $15,525,280. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Walmart from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $118.00 price objective on shares of Walmart in a research report on Wednesday, September 24th. Truist Financial reduced their price target on shares of Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. The Goldman Sachs Group boosted their price target on shares of Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Erste Group Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Thirty-one equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.07.

Walmart Stock Down 0.6%

WMT stock opened at $106.22 on Monday. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $109.57. The company has a market cap of $846.91 billion, a P/E ratio of 39.93, a P/E/G ratio of 5.00 and a beta of 0.67. 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 company’s 50-day moving average price is $102.17 and its 200 day moving average price is $98.79.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion during the quarter, compared to analysts’ expectations of $174.02 billion. During the same period last year, the company earned $0.67 EPS. 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, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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.