Thurston Springer Miller Herd & Titak Inc. Sells 62,268 Shares of Walmart Inc. $WMT

Thurston Springer Miller Herd & Titak Inc. trimmed its position in shares of Walmart Inc. (NASDAQ:WMT) by 93.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,112 shares of the retailer’s stock after selling 62,268 shares during the quarter. Walmart accounts for approximately 0.8% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 15th largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Walmart were worth $424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlas Legacy Advisors LLC grew its holdings in Walmart by 1.1% during the 2nd quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock valued at $851,000 after purchasing an additional 98 shares during the last quarter. Meridian Wealth Partners LLC lifted its stake in Walmart by 2.1% in the second quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer’s stock worth $470,000 after purchasing an additional 99 shares during the last quarter. Hickory Point Bank & Trust boosted its position in shares of Walmart by 1.3% during the third quarter. Hickory Point Bank & Trust now owns 7,706 shares of the retailer’s stock valued at $794,000 after buying an additional 100 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Walmart by 1.1% during the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock valued at $961,000 after buying an additional 103 shares during the last quarter. Finally, RoundAngle Advisors LLC raised its holdings in shares of Walmart by 0.4% in the second quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock worth $2,542,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David Chojnowski sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total value of $746,550.00. Following the completion of the sale, the senior vice president owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,425 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $117.00, for a total transaction of $166,725.00. Following the transaction, the executive vice president owned 641,363 shares in the company, valued at approximately $75,039,471. This represents a 0.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 114,703 shares of company stock worth $12,191,911. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. DA Davidson set a $130.00 price target on Walmart and gave the stock a “buy” rating in a research note on Friday, November 21st. BMO Capital Markets increased their target price on Walmart from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Wells Fargo & Company set a $120.00 target price on Walmart and gave the stock an “overweight” rating in a research report on Friday, November 21st. BTIG Research reissued a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Walmart in a research note on Friday, November 21st. Finally, Bank of America upped their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Thirty-one investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $120.18.

Walmart Price Performance

Shares of WMT stock opened at $115.66 on Thursday. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $117.45. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $107.09 and a two-hundred day simple moving average of $101.88. The stock has a market capitalization of $921.83 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 5.33 and a beta of 0.64.

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