Apex Wealth Management LLC Has $1.59 Million Stock Position in Walmart Inc. $WMT

Apex Wealth Management LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 6.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,265 shares of the retailer’s stock after acquiring an additional 933 shares during the quarter. Walmart accounts for approximately 1.3% of Apex Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Apex Wealth Management LLC’s holdings in Walmart were worth $1,590,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of Walmart by 397,264.9% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after buying an additional 104,488,610 shares during the period. Nuveen LLC acquired a new stake in Walmart in the 1st quarter valued at $2,532,331,000. Goldman Sachs Group Inc. grew its stake in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock valued at $2,922,770,000 after purchasing an additional 7,706,201 shares in the last quarter. Wellington Management Group LLP increased its holdings in Walmart by 527.1% during the first quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock worth $591,620,000 after buying an additional 5,664,484 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in Walmart by 28,684.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer’s stock worth $371,295,000 after purchasing an additional 4,214,661 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, CTO Suresh Kumar sold 30,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the transaction, the chief technology officer owned 1,787,200 shares in the company, valued at approximately $184,921,584. This represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the sale, the executive vice president owned 919,189 shares of the company’s stock, valued at approximately $90,586,075.95. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 151,038 shares of company stock worth $15,531,616. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Cowen restated a “buy” rating on shares of Walmart in a research note on Monday. Truist Financial lowered their price objective on shares of Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating and set a $122.00 target price (up from $110.00) on shares of Walmart in a research report on Thursday, October 23rd. Finally, Wolfe Research assumed coverage on Walmart in a research note on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price objective on the stock. Thirty-two investment 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, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Walmart Price Performance

Shares of NYSE WMT opened at $103.43 on Wednesday. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $109.57. The stock has a market capitalization of $824.63 billion, a P/E ratio of 38.88, a P/E/G ratio of 4.83 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The company’s 50-day moving average is $103.25 and its 200 day moving average is $99.60.

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

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.