Exchange Traded Concepts LLC Reduces Stock Position in Walmart Inc. $WMT

Exchange Traded Concepts LLC reduced its stake in shares of Walmart Inc. (NASDAQ:WMT) by 23.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,422 shares of the retailer’s stock after selling 64,740 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Walmart were worth $22,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC grew its holdings in Walmart by 397,264.9% during the 2nd 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 last quarter. Norges Bank purchased a new position in shares of Walmart during the second quarter valued at approximately $5,367,770,000. Laurel Wealth Advisors LLC grew its stake in shares of Walmart by 9,648.7% during the second quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock valued at $1,123,138,000 after buying an additional 11,368,549 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Walmart by 1.4% in the second 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 during the period. Finally, Amundi lifted its stake in shares of Walmart by 23.5% during the 2nd quarter. Amundi now owns 19,493,644 shares of the retailer’s stock worth $1,902,775,000 after acquiring an additional 3,710,506 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on WMT. Bank of America upped their price objective on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Guggenheim restated a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Walmart in a report on Friday, November 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $130.00 price objective (up previously from $120.00) on shares of Walmart in a report on Friday. Royal Bank Of Canada reissued an “outperform” rating and issued a $123.00 price objective on shares of Walmart in a research report on Tuesday, December 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $125.00 target price (up from $115.00) on shares of Walmart in a research report on Friday, November 21st. Thirty-one equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.54.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 4,373,576 shares of the company’s stock, valued at approximately $451,396,778.96. The trade was a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $101.63, for a total value of $406,520.00. Following the sale, the executive vice president directly owned 1,040,455 shares in the company, valued at approximately $105,741,441.65. The trade was a 0.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 127,828 shares of company stock valued at $13,745,625. 0.10% of the stock is owned by insiders.

Walmart Trading Down 1.5%

NASDAQ:WMT opened at $112.60 on Tuesday. The firm has a 50-day simple moving average of $107.82 and a 200-day simple moving average of $102.20. Walmart Inc. has a one year low of $79.81 and a one year high of $117.45. The firm has a market cap of $897.44 billion, a P/E ratio of 39.37, a P/E/G ratio of 5.28 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80.

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

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.