NewEdge Wealth LLC Makes New $15.87 Million Investment in Walmart Inc. $WMT

NewEdge Wealth LLC bought a new position in Walmart Inc. (NASDAQ:WMT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 140,145 shares of the retailer’s stock, valued at approximately $15,873,000.

Several other institutional investors also recently modified their holdings of WMT. Norges Bank bought a new stake in Walmart during the fourth quarter worth $6,458,529,000. AQR Capital Management LLC grew its stake in Walmart by 188.1% in the 3rd quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer’s stock valued at $1,199,907,000 after purchasing an additional 7,614,172 shares during the period. Deutsche Bank AG grew its stake in Walmart by 54.0% in the 2nd quarter. Deutsche Bank AG now owns 18,607,297 shares of the retailer’s stock valued at $2,107,462,000 after purchasing an additional 6,525,224 shares during the period. Geode Capital Management LLC increased its position in shares of Walmart by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock valued at $11,426,753,000 after purchasing an additional 6,517,394 shares during the last quarter. Finally, Capital International Investors purchased a new stake in shares of Walmart during the 4th quarter valued at $592,848,000. 26.76% of the stock is owned by institutional investors.

Key Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart reported adjusted earnings of $0.81 per share and revenue of $187.94 billion, beating consensus estimates of $0.74 and $186.62 billion, respectively. Revenue increased 5.9% year over year. Walmart earnings report
• Positive Sentiment: Growth businesses remain strong: global e-commerce sales rose 23%, advertising revenue increased 38%, and global membership revenue grew 17%. These trends support the long-term investment case despite slower core-store growth. Walmart second-quarter highlights
• Positive Sentiment: Walmart plans to use approximately $2.9 billion in tariff refunds to help lower prices, potentially strengthening its value proposition as consumers become more budget-conscious. The rollout of tap-to-pay, including Apple Pay and Google Pay, may also improve checkout convenience. Walmart tap to pay rollout
• Neutral Sentiment: Several analysts retained bullish ratings—including buy, outperform, and overweight—but lowered price targets after the earnings release. New targets range from $120 to $140, indicating analysts still see meaningful upside but have moderated their expectations.
• Negative Sentiment: U.S. comparable sales grew 2.6%, below expectations near 3.5%, marking Walmart’s weakest domestic comparable-sales growth in more than six years. Analysts cited weakness in health and wellness and questioned the trajectory of the core U.S. business.
• Negative Sentiment: Third-quarter guidance fell short of consensus: Walmart projected adjusted EPS of $0.62–$0.64 versus $0.68 expected and revenue of $183.1–$184.5 billion versus $188.2 billion expected. The timing of Flipkart’s promotional event is also expected to reduce quarterly sales growth by more than 100 basis points.
• Negative Sentiment: The stock’s elevated valuation increases sensitivity to any slowdown, while higher energy costs and consumer trade-offs are raising broader concerns about the health of U.S. retail spending.

Insider Activity

In related news, EVP Christopher James Nicholas sold 2,900 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $106.34, for a total transaction of $308,386.00. Following the sale, the executive vice president directly owned 569,153 shares in the company, valued at approximately $60,523,730.02. The trade was a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total value of $1,435,203.96. Following the sale, the executive vice president directly owned 125,067 shares in the company, valued at $14,985,527.94. This trade represents a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 57,064 shares of company stock valued at $6,697,788. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on WMT. Evercore set a $125.00 price target on shares of Walmart in a report on Friday. Royal Bank Of Canada decreased their price objective on shares of Walmart from $137.00 to $131.00 and set an “outperform” rating for the company in a report on Friday. Wolfe Research reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research report on Friday. Erste Group Bank cut shares of Walmart from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Truist Financial set a $114.00 target price on shares of Walmart and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.88.

Walmart Stock Performance

NASDAQ WMT opened at $103.70 on Monday. The firm has a market cap of $825.25 billion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 3.91 and a beta of 0.61. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $113.35 and its 200-day moving average is $121.24. Walmart Inc. has a 12-month low of $95.42 and a 12-month high of $135.15.

Walmart (NASDAQ:WMT) last released its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The company had revenue of $187.94 billion during the quarter, compared to the consensus estimate of $186.64 billion. During the same period last year, the firm earned $0.68 EPS. Walmart’s revenue for the quarter was up 5.9% on a year-over-year basis. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Sell-side analysts predict that Walmart Inc. will post 2.86 earnings per share for the current year.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.