Walmart Inc. $WMT Shares Sold by KG&L Capital Management LLC

KG&L Capital Management LLC lowered its holdings in Walmart Inc. (NASDAQ:WMT) by 19.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,448 shares of the retailer’s stock after selling 12,002 shares during the period. Walmart makes up 1.3% of KG&L Capital Management LLC’s holdings, making the stock its 16th biggest holding. KG&L Capital Management LLC’s holdings in Walmart were worth $4,993,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WMT. Vanguard Group Inc. increased its position in shares of Walmart by 1.4% during the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after acquiring an additional 5,856,468 shares during the period. Kingstone Capital Partners Texas LLC boosted its holdings in Walmart by 397,264.9% in 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. Geode Capital Management LLC grew its stake in Walmart by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock worth $9,199,712,000 after purchasing an additional 263,718 shares in the last quarter. Norges Bank acquired a new position in Walmart during the 2nd quarter worth $5,367,770,000. Finally, Ameriprise Financial Inc. increased its holdings in Walmart by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock worth $3,126,775,000 after purchasing an additional 1,098,342 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMT has been the subject of several recent research reports. Cowen reiterated a “buy” rating on shares of Walmart in a research note on Tuesday, December 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, December 9th. CICC Research started coverage on shares of Walmart in a report on Friday, December 26th. They set an “outperform” rating and a $125.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a research report on Wednesday, October 8th. Finally, Truist Financial set a $127.00 price objective on shares of Walmart in a research report on Wednesday, December 17th. Thirty-two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price of $121.28.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the transaction, the executive vice president owned 892,940 shares of the company’s stock, valued at approximately $96,241,073.20. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $109.57, for a total value of $2,127,411.12. Following the sale, the chief executive officer owned 4,334,747 shares in the company, valued at $474,958,228.79. This trade represents a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 125,628 shares of company stock worth $13,690,065. Insiders own 0.10% of the company’s stock.

Walmart Stock Down 0.0%

WMT stock opened at $112.71 on Tuesday. The stock has a market cap of $898.32 billion, a P/E ratio of 39.41, a PEG ratio of 5.21 and a beta of 0.66. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $117.45. The company’s 50 day moving average is $108.82 and its two-hundred day moving average is $103.35.

Walmart (NASDAQ:WMT) last issued its earnings results 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 quarter in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

About Walmart

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.