Walmart Inc. $WMT Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,174,820 shares of the retailer’s stock after selling 2,000 shares during the quarter. Walmart makes up approximately 0.6% of State of Michigan Retirement System’s investment portfolio, making the stock its 25th largest position. State of Michigan Retirement System’s holdings in Walmart were worth $114,874,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Carson Advisory Inc. boosted its stake in shares of Walmart by 5.0% during the second quarter. Carson Advisory Inc. now owns 11,126 shares of the retailer’s stock worth $1,088,000 after buying an additional 533 shares during the period. Castlekeep Investment Advisors LLC boosted its stake in shares of Walmart by 10.1% during the second quarter. Castlekeep Investment Advisors LLC now owns 13,879 shares of the retailer’s stock worth $1,357,000 after buying an additional 1,278 shares during the period. Mission Wealth Management LP boosted its stake in shares of Walmart by 0.4% during the second quarter. Mission Wealth Management LP now owns 53,696 shares of the retailer’s stock worth $5,250,000 after buying an additional 211 shares during the period. Gilbert & Cook Inc. boosted its stake in shares of Walmart by 1.2% during the second quarter. Gilbert & Cook Inc. now owns 22,489 shares of the retailer’s stock worth $2,199,000 after buying an additional 269 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Walmart by 17.3% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 30,675 shares of the retailer’s stock worth $2,999,000 after buying an additional 4,519 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $103.21, for a total value of $2,003,925.36. Following the completion of the transaction, the chief executive officer directly owned 4,373,576 shares of the company’s stock, valued at approximately $451,396,778.96. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the stock in a transaction dated Friday, September 12th. The shares were 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 directly owned 1,787,200 shares of the company’s stock, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 148,838 shares of company stock valued at $15,309,020. 0.10% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $101.25 on Friday. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $109.57. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The company has a market cap of $807.23 billion, a P/E ratio of 38.06, a PEG ratio of 4.83 and a beta of 0.67. The company has a 50-day moving average price of $102.46 and a 200 day moving average price of $99.15.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WMT. Oppenheimer increased their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Royal Bank Of Canada set a $116.00 target price on shares of Walmart and gave the stock an “outperform” rating in a research note on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $111.00 target price on shares of Walmart in a research note on Wednesday, September 24th. BTIG Research started coverage on shares of Walmart in a research report on Tuesday, October 14th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $118.00 price objective on shares of Walmart in a research report on Wednesday, September 24th. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.40.

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.