Wendell David Associates Inc. Has $8.19 Million Stake in Walmart Inc. $WMT

Wendell David Associates Inc. lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 6.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 83,790 shares of the retailer’s stock after selling 5,498 shares during the period. Wendell David Associates Inc.’s holdings in Walmart were worth $8,193,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WMT. Operose Advisors LLC boosted its stake in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after buying an additional 243 shares during the period. PFS Partners LLC boosted its stake in shares of Walmart by 267.8% during the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after buying an additional 233 shares during the period. Bear Mountain Capital Inc. boosted its stake in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after buying an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after buying an additional 294 shares during the period. Finally, Ridgewood Investments LLC boosted its stake in shares of Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WMT shares. Truist Financial decreased their target price on shares of Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. JPMorgan Chase & Co. cut their price target on shares of Walmart from $130.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $118.00 price target on shares of Walmart in a report on Wednesday, September 24th. Guggenheim restated a “buy” rating and set a $115.00 price target (up previously from $112.00) on shares of Walmart in a report on Monday, August 18th. Finally, Wolfe Research assumed coverage on shares of Walmart in a report on Thursday, September 18th. They set an “outperform” rating and a $129.00 price target on the stock. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $112.63.

Insider Activity

In related news, CTO Suresh Kumar sold 30,000 shares of Walmart stock in a transaction on Friday, September 12th. The shares were sold at an average price of $103.47, for a total value of $3,104,100.00. Following the transaction, the chief technology officer owned 1,787,200 shares in the company, valued at $184,921,584. This trade represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer owned 4,412,398 shares in the company, valued at $421,737,000.84. This trade represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,038 shares of company stock worth $15,249,614. Insiders own 0.10% of the company’s stock.

Walmart Stock Up 1.3%

Walmart stock opened at $107.80 on Friday. The company has a market capitalization of $859.50 billion, a P/E ratio of 40.53, a P/E/G ratio of 5.08 and a beta of 0.67. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $109.57. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $101.69 and its 200-day simple moving average is $97.92.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Company 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.