Portside Wealth Group LLC Cuts Stock Position in Walmart Inc. $WMT

Portside Wealth Group LLC cut its position in Walmart Inc. (NYSE:WMT) by 38.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,361 shares of the retailer’s stock after selling 6,527 shares during the quarter. Portside Wealth Group LLC’s holdings in Walmart were worth $1,013,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WMT. Kingstone Capital Partners Texas LLC grew 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 worth $10,496,702,000 after purchasing an additional 104,488,610 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Walmart during the 1st quarter valued at $2,532,331,000. Goldman Sachs Group Inc. lifted its holdings in shares of Walmart by 30.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock valued at $2,922,770,000 after purchasing an additional 7,706,201 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 5,856,468 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Walmart by 527.1% during the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock worth $591,620,000 after buying an additional 5,664,484 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of NYSE WMT opened at $101.47 on Wednesday. The company has a 50 day simple moving average of $103.40 and a two-hundred day simple moving average of $99.80. The stock has a market cap of $808.97 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 4.83 and a beta of 0.67. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $109.57.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $169.34 billion for the quarter, compared to analysts’ expectations of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period 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. As a group, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, CTO Suresh Kumar sold 30,000 shares of Walmart stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer directly owned 1,787,200 shares in the company, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $98.55, for a total value of $1,293,468.75. Following the completion of the sale, the executive vice president owned 919,189 shares in the company, valued at approximately $90,586,075.95. This represents a 1.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 145,383 shares of company stock worth $14,961,647. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WMT. Erste Group Bank upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Wolfe Research initiated coverage on shares of Walmart in a research report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price objective for the company. BTIG Research initiated coverage on shares of Walmart in a research report on Tuesday, October 14th. They set a “buy” rating and a $120.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $116.00 price objective on shares of Walmart and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Thirty-one analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.97.

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.