Edgestream Partners L.P. Makes New Investment in Walmart Inc. $WMT

Edgestream Partners L.P. bought a new stake in Walmart Inc. (NYSE:WMT) in the second quarter, HoldingsChannel reports. The fund bought 25,684 shares of the retailer’s stock, valued at approximately $2,511,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC raised its stake in shares of Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Norges Bank acquired a new stake in Walmart during the 2nd quarter valued at $5,367,770,000. Nuveen LLC acquired a new stake in Walmart during the 1st quarter valued at $2,532,331,000. Laurel Wealth Advisors LLC increased its stake in Walmart by 9,648.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock worth $1,123,138,000 after buying an additional 11,368,549 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Walmart by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after buying an additional 5,856,468 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.4%

Shares of Walmart stock opened at $114.85 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $114.89. The business’s fifty day moving average price is $104.82 and its two-hundred day moving average price is $100.71. The company has a market capitalization of $915.68 billion, a P/E ratio of 40.16, a PEG ratio of 5.29 and a beta of 0.64.

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

Insider Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $101.63, for a total transaction of $406,520.00. Following the completion of the sale, the executive vice president owned 1,040,455 shares in the company, valued at approximately $105,741,441.65. This represents a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $111.23, for a total value of $244,706.00. Following the sale, the executive vice president directly owned 617,318 shares in the company, valued at $68,664,281.14. This trade represents a 0.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 158,013 shares of company stock valued at $16,657,847. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Robert W. Baird raised their target price on Walmart from $110.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Royal Bank Of Canada restated an “outperform” rating and set a $116.00 price objective on shares of Walmart in a research note on Friday, November 21st. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Finally, Bank of America lifted their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note 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 data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

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.