Legal & General Group Plc Sells 516,175 Shares of Walmart Inc. $WMT

Legal & General Group Plc cut its position in shares of Walmart Inc. (NYSE:WMT) by 1.9% during the 2nd quarter, Holdings Channel reports. The firm owned 26,333,995 shares of the retailer’s stock after selling 516,175 shares during the quarter. Walmart comprises 0.6% of Legal & General Group Plc’s portfolio, making the stock its 18th biggest holding. Legal & General Group Plc’s holdings in Walmart were worth $2,574,938,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Access Investment Management LLC acquired a new stake in shares of Walmart during the second quarter worth $26,000. Operose Advisors LLC lifted its position in shares of Walmart by 319.7% during the 1st 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 grew its holdings in shares of Walmart by 267.8% during the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after purchasing an additional 233 shares in the last quarter. Ridgewood Investments LLC increased its position in shares of Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock worth $32,000 after purchasing an additional 294 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,630 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $102.58, for a total value of $167,205.40. Following the completion of the transaction, the executive vice president directly owned 642,788 shares of the company’s stock, valued at $65,937,193.04. This represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $101.18, for a total value of $222,596.00. Following the completion of the sale, the executive vice president owned 619,518 shares in the company, valued at $62,682,831.24. The trade was a 0.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 133,888 shares of company stock valued at $13,835,383 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $107.04 on Friday. The firm’s 50-day moving average price is $103.49 and its 200-day moving average price is $99.85. Walmart Inc. has a 1-year low of $79.81 and a 1-year 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. The firm has a market capitalization of $853.40 billion, a P/E ratio of 40.24, a P/E/G ratio of 4.83 and a beta of 0.67.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on WMT. Bank of America boosted their price objective on shares of Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $127.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. The Goldman Sachs Group lifted their price target on shares of Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Truist Financial increased their price objective on shares of Walmart from $109.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Piper Sandler restated an “overweight” rating and issued a $111.00 target price on shares of Walmart in a research report on Wednesday, September 24th. Thirty 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.18.

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.