Walmart Inc. $WMT Shares Acquired by Summit Global Investments

Summit Global Investments increased its position in shares of Walmart Inc. (NYSE:WMT) by 90.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,795 shares of the retailer’s stock after acquiring an additional 39,355 shares during the quarter. Summit Global Investments’ holdings in Walmart were worth $8,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Aviva PLC grew its position in Walmart by 16.4% in the second quarter. Aviva PLC now owns 3,833,720 shares of the retailer’s stock worth $374,861,000 after acquiring an additional 539,504 shares during the period. Weatherly Asset Management L. P. grew its holdings in shares of Walmart by 7.0% during 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 increased its position 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 worth $3,355,000 after purchasing an additional 9,831 shares during the last quarter. Ally Financial Inc. acquired a new position in Walmart in the first quarter valued at about $2,107,000. Finally, Night Squared LP purchased a new position in Walmart during the first quarter worth about $1,052,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $107.75, for a total transaction of $431,000.00. Following the completion of the sale, the executive vice president directly owned 1,044,455 shares of the company’s stock, valued at $112,540,026.25. The trade was a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $107.78, for a total value of $1,414,612.50. Following the completion of the transaction, the executive vice president owned 892,940 shares in the company, valued at approximately $96,241,073.20. The trade was a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 137,888 shares of company stock valued at $14,241,903 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Walmart Price Performance

WMT stock opened at $105.29 on Monday. The business’s 50-day moving average is $103.52 and its two-hundred day moving average is $99.91. 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 firm has a market capitalization of $839.46 billion, a P/E ratio of 39.58, a P/E/G ratio of 4.83 and a beta of 0.67. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $109.57.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. KeyCorp reaffirmed an “overweight” rating and set a $120.00 price objective (up previously from $110.00) on shares of Walmart in a research report on Friday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $122.00 price objective (up previously from $118.00) on shares of Walmart in a report on Friday. Cowen reissued a “buy” rating on shares of Walmart in a research note on Monday, November 10th. Wells Fargo & Company set a $120.00 target price on Walmart and gave the company an “overweight” rating in a report on Friday. Finally, Wolfe Research began coverage on shares of Walmart in a research note on Thursday, September 18th. They set an “outperform” rating and a $129.00 price target on the stock. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $118.55.

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.