Oak Harvest Investment Services Sells 138,199 Shares of Walmart Inc. $WMT

Oak Harvest Investment Services cut its stake in shares of Walmart Inc. (NYSE:WMT) by 82.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,643 shares of the retailer’s stock after selling 138,199 shares during the period. Oak Harvest Investment Services’ holdings in Walmart were worth $2,898,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WMT. Atlas Legacy Advisors LLC grew its position in Walmart by 1.1% in the 2nd quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock worth $851,000 after purchasing an additional 98 shares in the last quarter. Bedel Financial Consulting Inc. lifted its position in shares of Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock worth $2,275,000 after buying an additional 102 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Walmart by 1.1% in the 2nd quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock worth $961,000 after buying an additional 103 shares during the last quarter. RoundAngle Advisors LLC boosted its stake in shares of Walmart by 0.4% in the 2nd quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock worth $2,542,000 after buying an additional 105 shares during the last quarter. Finally, PCG Wealth Advisors LLC grew its holdings in shares of Walmart by 3.6% in the second quarter. PCG Wealth Advisors LLC now owns 3,024 shares of the retailer’s stock valued at $296,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Wolfe Research began coverage on Walmart in a report on Thursday, September 18th. They set an “outperform” rating and a $129.00 price target on the stock. Erste Group Bank raised Walmart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Wells Fargo & Company lifted their target price on Walmart from $108.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada set a $116.00 price target on shares of Walmart and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, DA Davidson set a $117.00 price objective on shares of Walmart in a research report on Wednesday, October 15th. Thirty-two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.50.

Insider Buying and Selling

In related news, CTO Suresh Kumar sold 30,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief technology officer owned 1,787,200 shares of the company’s stock, valued at approximately $184,921,584. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 1,052,455 shares in the company, valued at $106,255,856.80. This represents a 0.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 149,383 shares of company stock worth $15,365,487 in the last 90 days. 0.10% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT stock opened at $102.54 on Friday. The firm’s 50 day moving average is $103.36 and its 200 day moving average is $99.65. The stock has a market capitalization of $817.50 billion, a P/E ratio of 38.55, a PEG ratio of 4.83 and a beta of 0.67. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $109.57. 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 (NYSE:WMT) last issued its earnings results 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). 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 company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, sell-side analysts anticipate 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.