Garner Asset Management Corp Sells 6,813 Shares of Walmart Inc. $WMT

Garner Asset Management Corp lessened its stake in Walmart Inc. (NYSE:WMT) by 15.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,658 shares of the retailer’s stock after selling 6,813 shares during the period. Walmart makes up approximately 1.7% of Garner Asset Management Corp’s holdings, making the stock its 14th largest position. Garner Asset Management Corp’s holdings in Walmart were worth $3,584,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC raised its position in Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after acquiring an additional 485 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Walmart by 43.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 88,004 shares of the retailer’s stock worth $7,726,000 after acquiring an additional 26,452 shares during the last quarter. Independence Financial Advisors LLC bought a new stake in shares of Walmart during the 1st quarter valued at $336,000. Finally, Mesirow Financial Investment Management Inc. grew its position in shares of Walmart by 1.4% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 243,879 shares of the retailer’s stock valued at $21,410,000 after acquiring an additional 3,315 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMT has been the subject of several analyst reports. UBS Group restated a “buy” rating on shares of Walmart in a research note on Friday, November 14th. JPMorgan Chase & Co. boosted their price target on Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Cowen restated a “buy” rating on shares of Walmart in a research report on Monday, November 10th. The Goldman Sachs Group raised their price objective on Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Finally, Truist Financial lifted their price objective on Walmart from $109.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Thirty-one equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.55.

Walmart Price Performance

NYSE:WMT opened at $109.21 on Thursday. The business’s 50-day simple moving average is $103.70 and its two-hundred day simple moving average is $100.09. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $109.59. The stock has a market cap of $870.70 billion, a PE ratio of 41.06, a P/E/G ratio of 4.83 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, SVP David Chojnowski sold 7,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total transaction of $746,550.00. Following the completion of the transaction, the senior vice president directly owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $104.75, for a total transaction of $1,374,843.75. Following the completion of the sale, the executive vice president owned 879,815 shares in the company, valued at approximately $92,160,621.25. The trade was a 1.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 138,597 shares of company stock worth $14,499,943. Insiders own 0.10% of the company’s stock.

Walmart 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.