Spectrum Asset Management Inc. NB CA Sells 1,443 Shares of Walmart Inc. $WMT

Spectrum Asset Management Inc. NB CA trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,032 shares of the retailer’s stock after selling 1,443 shares during the quarter. Walmart makes up about 2.1% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its 17th largest holding. Spectrum Asset Management Inc. NB CA’s holdings in Walmart were worth $4,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Bedel Financial Consulting Inc. lifted its stake in shares of Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock valued at $2,275,000 after buying an additional 102 shares in the last quarter. Scott & Selber Inc. lifted its stake in shares of Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock valued at $256,000 after buying an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its stake in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock valued at $684,000 after buying an additional 105 shares in the last quarter. Lauterbach Financial Advisors LLC lifted its stake in shares of Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer’s stock valued at $517,000 after buying an additional 106 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC lifted its stake in shares of Walmart by 1.4% in the first quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,799 shares of the retailer’s stock valued at $685,000 after buying an additional 106 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $95.97, for a total value of $1,863,353.52. Following the transaction, the chief executive officer directly owned 4,392,985 shares in the company, valued at $421,594,770.45. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were 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. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,232 shares of company stock valued at $15,083,877 in the last three months. Insiders own 0.10% of the company’s stock.

Walmart Stock Down 0.3%

WMT opened at $102.90 on Thursday. 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 stock has a market cap of $820.41 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 4.86 and a beta of 0.67. Walmart Inc. has a twelve month low of $79.37 and a twelve month high of $106.11. The company’s 50-day moving average price is $101.08 and its two-hundred day moving average price is $96.96.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The company had revenue of $169.34 billion during the quarter, compared to analysts’ expectations of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WMT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Walmart in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Walmart from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $111.00 price objective on shares of Walmart in a research note on Wednesday, September 24th. Mizuho reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Finally, Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the company an “outperform” rating in a research report on Friday, August 22nd. Thirty research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

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.