Renaissance Group LLC Sells 1,022 Shares of Walmart Inc. $WMT

Renaissance Group LLC decreased its position in Walmart Inc. (NYSE:WMT) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,763 shares of the retailer’s stock after selling 1,022 shares during the quarter. Renaissance Group LLC’s holdings in Walmart were worth $955,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Primecap Management Co. CA grew its stake in shares of Walmart by 38.0% during the 2nd quarter. Primecap Management Co. CA now owns 131,450 shares of the retailer’s stock worth $12,853,000 after acquiring an additional 36,200 shares in the last quarter. Stonebrook Private Inc. boosted its holdings in Walmart by 1.1% during the second quarter. Stonebrook Private Inc. now owns 73,266 shares of the retailer’s stock worth $7,164,000 after purchasing an additional 784 shares during the last quarter. Traub Capital Management LLC bought a new position in Walmart in the second quarter valued at $107,000. Wealthspire Advisors LLC increased its stake in Walmart by 9.9% in the 2nd quarter. Wealthspire Advisors LLC now owns 186,880 shares of the retailer’s stock valued at $18,273,000 after buying an additional 16,864 shares during the last quarter. Finally, Perennial Investment Advisors LLC lifted its position in Walmart by 1.4% during the 2nd quarter. Perennial Investment Advisors LLC now owns 16,309 shares of the retailer’s stock worth $1,595,000 after buying an additional 225 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Guggenheim restated a “buy” rating and issued a $115.00 price objective (up previously from $112.00) on shares of Walmart in a report on Monday, August 18th. Royal Bank Of Canada set a $116.00 price target on Walmart and gave the company an “outperform” rating in a research note on Wednesday, October 29th. BTIG Research started coverage on Walmart in a research report on Tuesday, October 14th. They set a “buy” rating and a $120.00 price target on the stock. UBS Group reissued a “buy” rating on shares of Walmart in a report on Friday, November 14th. Finally, Oppenheimer boosted their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Thirty research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $114.46.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $101.18, for a total value of $222,596.00. Following the transaction, the executive vice president owned 619,518 shares in the company, valued at approximately $62,682,831.24. This represents a 0.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $107.75, for a total transaction of $431,000.00. Following the completion of the transaction, the executive vice president directly owned 1,044,455 shares in the company, valued at approximately $112,540,026.25. This represents a 0.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 133,888 shares of company stock worth $13,835,383 in the last ninety days. Insiders own 0.10% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $100.55 on Thursday. 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 company has a market capitalization of $801.67 billion, a P/E ratio of 37.80, a P/E/G ratio of 4.83 and a beta of 0.67. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $109.57. The stock has a 50 day moving average of $103.40 and a 200-day moving average of $99.80.

Walmart (NYSE:WMT) last announced its quarterly 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 return on equity of 21.45% and a net margin of 3.08%.The business had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

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.