Walmart Inc. $WMT Position Trimmed by Jennison Associates LLC

Jennison Associates LLC decreased its position in Walmart Inc. (NYSE:WMT) by 1.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,450,071 shares of the retailer’s stock after selling 426,909 shares during the period. Walmart comprises about 1.4% of Jennison Associates LLC’s investment portfolio, making the stock its 23rd biggest holding. Jennison Associates LLC owned 0.31% of Walmart worth $2,390,728,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. boosted its stake in Walmart by 7.0% in the 2nd quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock worth $5,489,000 after purchasing an additional 3,696 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Walmart by 34.6% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock valued at $3,355,000 after buying an additional 9,831 shares during the period. Ally Financial Inc. acquired a new stake in shares of Walmart during the 1st quarter valued at $2,107,000. Night Squared LP acquired a new stake in shares of Walmart during the 1st quarter valued at $1,052,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Walmart by 11.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer’s stock valued at $698,787,000 after buying an additional 838,689 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMT. Tigress Financial lifted their target price on shares of Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Sanford C. Bernstein set a $117.00 target price on shares of Walmart and gave the company an “outperform” rating in a research note on Friday, August 22nd. UBS Group reissued a “buy” rating and set a $122.00 target price (up previously from $110.00) on shares of Walmart in a research note on Thursday, October 23rd. DA Davidson set a $117.00 target price on shares of Walmart in a research note on Wednesday, October 15th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $118.00 target price on shares of Walmart in a research note on Wednesday, September 24th. Thirty-one research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $113.07.

Walmart Stock Down 1.1%

Walmart stock opened at $103.28 on Wednesday. The company has a market capitalization of $823.44 billion, a P/E ratio of 38.83, a P/E/G ratio of 4.92 and a beta of 0.67. The firm’s fifty day simple moving average is $102.28 and its 200-day simple moving average is $98.98. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business had revenue of $169.34 billion for the quarter, compared to the consensus estimate 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 business posted $0.67 EPS. 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 Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the completion of the transaction, the executive vice president owned 1,048,455 shares of the company’s stock, valued at $108,861,082.65. The trade was a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $103.21, for a total transaction of $2,003,925.36. Following the transaction, the chief executive officer directly owned 4,373,576 shares of the company’s stock, valued at approximately $451,396,778.96. This represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 151,038 shares of company stock worth $15,525,280 in the last 90 days. Insiders own 0.10% of the company’s stock.

Walmart Company 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.