Thoroughbred Financial Services LLC Trims Stock Position in Walmart Inc. $WMT

Thoroughbred Financial Services LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 21.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,023 shares of the retailer’s stock after selling 51,094 shares during the quarter. Walmart comprises 1.3% of Thoroughbred Financial Services LLC’s investment portfolio, making the stock its 13th biggest position. Thoroughbred Financial Services LLC’s holdings in Walmart were worth $18,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Walmart by 0.8% in the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer’s stock worth $37,395,120,000 after acquiring an additional 3,224,154 shares during the period. Kingstone Capital Partners Texas LLC grew its holdings in shares of 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 worth $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Geode Capital Management LLC increased its position in shares of 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 during the last quarter. Goldman Sachs Group Inc. raised its holdings in Walmart by 30.1% in 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 buying an additional 7,706,201 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Walmart by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer’s stock valued at $2,710,665,000 after buying an additional 387,424 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $102.43 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The stock has a market cap of $816.68 billion, a PE ratio of 38.51, a P/E/G ratio of 4.83 and a beta of 0.67. The stock has a fifty day moving average price of $103.40 and a 200 day moving average price of $99.70. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $109.57.

Walmart (NYSE:WMT) last released its quarterly 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 business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. 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.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $107.75, for a total transaction of $431,000.00. Following the completion of the sale, the executive vice president owned 1,044,455 shares in the company, valued at approximately $112,540,026.25. The trade was a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the transaction, the executive vice president directly owned 892,940 shares in the company, valued at approximately $96,241,073.20. This trade represents a 1.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 149,383 shares of company stock valued at $15,365,487 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Walmart from $108.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank Of Canada set a $116.00 price target on Walmart and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Cowen reiterated a “buy” rating on shares of Walmart in a report on Monday. Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Wolfe Research assumed coverage on shares of Walmart in a research note on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price target for the company. Thirty-two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.50.

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.