Grimes & Company Inc. Purchases 3,529 Shares of Walmart Inc. $WMT

Grimes & Company Inc. grew its position in Walmart Inc. (NYSE:WMT) by 21.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,334 shares of the retailer’s stock after purchasing an additional 3,529 shares during the period. Grimes & Company Inc.’s holdings in Walmart were worth $1,988,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Operose Advisors LLC grew its stake in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after acquiring an additional 243 shares during the period. PFS Partners LLC raised its position in shares of Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after purchasing an additional 233 shares during the period. Bear Mountain Capital Inc. lifted its holdings in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after purchasing an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after purchasing an additional 294 shares during the period. Finally, Ridgewood Investments LLC increased its stake in Walmart by 55.3% during the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $100.96, for a total transaction of $403,840.00. Following the completion of the transaction, the executive vice president owned 1,052,455 shares in the company, valued at approximately $106,255,856.80. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the sale, the executive vice president owned 932,313 shares in the company, valued at $88,700,258.82. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,232 shares of company stock worth $15,083,877. Insiders own 0.10% of the company’s stock.

Walmart Stock Up 0.6%

WMT stock opened at $102.70 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $100.88 and a two-hundred day moving average price of $96.87. The company has a market cap of $818.81 billion, a price-to-earnings ratio of 38.61, a P/E/G ratio of 4.81 and a beta of 0.67. Walmart Inc. has a twelve month low of $78.98 and a twelve month high of $106.11.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $118.00 price target on shares of Walmart in a research note on Wednesday, September 24th. Truist Financial cut their price objective on shares of Walmart from $111.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 target price (up from $108.00) on shares of Walmart in a research note on Monday, August 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $106.00 price target on shares of Walmart in a research note on Friday, August 22nd. Finally, Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective (up from $112.00) on shares of Walmart in a research report on Monday, August 18th. Thirty research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $112.38.

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.