Walmart Inc. $WMT Shares Sold by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC reduced its holdings in Walmart Inc. (NASDAQ:WMT) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,707 shares of the retailer’s stock after selling 4,919 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Walmart were worth $29,403,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Benjamin Edwards Inc. raised its stake in shares of Walmart by 0.8% during the second quarter. Benjamin Edwards Inc. now owns 771,298 shares of the retailer’s stock valued at $75,418,000 after purchasing an additional 5,956 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Walmart by 68.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 890,711 shares of the retailer’s stock valued at $87,094,000 after buying an additional 362,877 shares during the period. Byrne Financial Freedom LLC raised its position in shares of Walmart by 2.4% during the 2nd quarter. Byrne Financial Freedom LLC now owns 61,030 shares of the retailer’s stock worth $5,968,000 after buying an additional 1,440 shares in the last quarter. Banque Transatlantique SA lifted its stake in shares of Walmart by 31.2% in the 2nd quarter. Banque Transatlantique SA now owns 1,268,425 shares of the retailer’s stock worth $124,596,000 after acquiring an additional 301,319 shares during the period. Finally, Brevan Howard Capital Management LP boosted its holdings in shares of Walmart by 1,539.0% in the second quarter. Brevan Howard Capital Management LP now owns 297,535 shares of the retailer’s stock valued at $29,093,000 after acquiring an additional 279,382 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. KeyCorp reissued an “overweight” rating and set a $120.00 target price (up previously from $110.00) on shares of Walmart in a report on Friday, November 21st. Robert W. Baird boosted their price objective on Walmart from $110.00 to $121.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. BMO Capital Markets raised their target price on Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $122.00 price target (up from $118.00) on shares of Walmart in a research report on Friday, November 21st. Finally, Tigress Financial raised their price objective on shares of Walmart from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Thirty-one equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.31.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Friday, September 19th. The stock was sold at an average price of $103.83, for a total transaction of $415,320.00. Following the transaction, the executive vice president owned 1,048,455 shares in the company, valued at approximately $108,861,082.65. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $103.21, for a total value of $2,003,925.36. Following the completion of the sale, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 128,013 shares of company stock valued at $13,553,747. 0.10% of the stock is currently owned by company insiders.

Walmart Trading Up 1.0%

NASDAQ:WMT opened at $116.70 on Friday. The stock has a fifty day simple moving average of $106.31 and a 200 day simple moving average of $101.46. The firm has a market capitalization of $930.12 billion, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 5.34 and a beta of 0.64. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $116.95. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39.

Walmart (NASDAQ:WMT) last posted its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

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.