Summit X LLC Buys 30,983 Shares of Walmart Inc. $WMT

Summit X LLC grew its stake in Walmart Inc. (NYSE:WMT) by 99.1% in the second quarter, HoldingsChannel.com reports. The fund owned 62,248 shares of the retailer’s stock after acquiring an additional 30,983 shares during the period. Walmart makes up 1.1% of Summit X LLC’s investment portfolio, making the stock its 19th largest position. Summit X LLC’s holdings in Walmart were worth $6,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. King Luther Capital Management Corp grew its holdings in shares of Walmart by 0.8% in the 2nd quarter. King Luther Capital Management Corp now owns 1,291,925 shares of the retailer’s stock valued at $126,324,000 after buying an additional 10,279 shares during the period. Fonville Wealth Management LLC lifted its holdings in Walmart by 7.6% during the second quarter. Fonville Wealth Management LLC now owns 4,252 shares of the retailer’s stock worth $416,000 after acquiring an additional 300 shares in the last quarter. Roberts Glore & Co. Inc. IL grew its stake in Walmart by 1.2% in the second quarter. Roberts Glore & Co. Inc. IL now owns 36,950 shares of the retailer’s stock valued at $3,613,000 after acquiring an additional 450 shares during the period. PFG Advisors increased its holdings in shares of Walmart by 13.4% in the second quarter. PFG Advisors now owns 37,053 shares of the retailer’s stock worth $3,623,000 after acquiring an additional 4,369 shares in the last quarter. Finally, Zions Bancorporation National Association UT raised its position in shares of Walmart by 39.4% during the second quarter. Zions Bancorporation National Association UT now owns 19,202 shares of the retailer’s stock worth $1,878,000 after purchasing an additional 5,430 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.9%

Shares of Walmart stock opened at $102.60 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The business has a fifty day simple moving average of $103.02 and a two-hundred day simple moving average of $99.46. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $109.57. The company has a market capitalization of $818.01 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 4.83 and a beta of 0.67.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The company had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. Walmart’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. Tigress Financial increased their target price on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Truist Financial lowered their price objective 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. Royal Bank Of Canada set a $116.00 price objective on shares of Walmart and gave the company an “outperform” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group increased their target price on Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Finally, Bank of America boosted their price target on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Thirty-one analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.40.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $101.18, for a total value of $222,596.00. Following the completion of the sale, the executive vice president owned 619,518 shares of the company’s stock, valued at $62,682,831.24. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $107.75, for a total transaction of $431,000.00. Following the transaction, the executive vice president directly owned 1,044,455 shares in the company, valued at $112,540,026.25. This represents a 0.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 151,038 shares of company stock valued at $15,531,616 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

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.