Andra AP fonden Reduces Holdings in Walmart Inc. $WMT

Andra AP fonden reduced its stake in Walmart Inc. (NASDAQ:WMT) by 8.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 641,940 shares of the retailer’s stock after selling 57,100 shares during the period. Walmart comprises 0.8% of Andra AP fonden’s holdings, making the stock its 20th largest position. Andra AP fonden’s holdings in Walmart were worth $72,706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. State Street Corp lifted its position in Walmart by 1.1% during the second quarter. State Street Corp now owns 188,036,646 shares of the retailer’s stock valued at $21,297,031,000 after buying an additional 2,107,781 shares during the period. Geode Capital Management LLC grew its holdings in Walmart by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock worth $11,426,753,000 after purchasing an additional 6,517,394 shares during the period. Bank of America Corp DE bought a new position in shares of Walmart during the second quarter valued at approximately $7,455,131,000. Norges Bank bought a new position in shares of Walmart during the fourth quarter valued at approximately $6,458,529,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of Walmart by 0.8% during the fourth quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer’s stock valued at $4,526,238,000 after purchasing an additional 328,229 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT traded up $2.27 during midday trading on Tuesday, hitting $109.71. 6,552,327 shares of the company traded hands, compared to its average volume of 25,376,477. The company’s 50-day moving average is $109.63 and its 200 day moving average is $118.03. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $870.44 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 4.07 and a beta of 0.59. Walmart Inc. has a 52 week low of $98.88 and a 52 week high of $135.15.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $187.94 billion during the quarter, compared to analyst estimates of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, research analysts expect that Walmart Inc. will post 2.87 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Cantor Fitzgerald upgraded Walmart to a “buy” rating in a research note on Friday, August 21st. Weiss Ratings downgraded Walmart from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Erste Group Bank cut Walmart from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Guggenheim set a $130.00 price target on Walmart and gave the company a “buy” rating in a report on Friday, August 21st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $130.00 price target on shares of Walmart in a research note on Friday, August 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.88.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 3,950 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $105.14, for a total transaction of $415,303.00. Following the completion of the sale, the executive vice president owned 622,349 shares in the company, valued at approximately $65,433,773.86. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $106.66, for a total value of $1,399,912.50. Following the completion of the transaction, the chief executive officer directly owned 647,912 shares in the company, valued at approximately $69,106,293.92. This represents a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 81,004 shares of company stock valued at $8,601,724 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Walmart Company Profile

Walmart Inc is a multinational retail and technology company that operates supercenters, discount stores, neighborhood markets, e-commerce platforms and membership warehouse clubs. Its merchandise includes groceries, apparel, electronics, home goods, health and beauty products, general merchandise and other consumer products.

Founded by Sam Walton in 1962 and incorporated in 1969, Walmart is headquartered in Bentonville, Arkansas. The company serves customers through operations in the United States and international markets, including Mexico, Canada, China, India and several countries in Central America and Africa.