Safe Harbor Fiduciary LLC Lowers Holdings in Walmart Inc. $WMT

Safe Harbor Fiduciary LLC decreased its position in Walmart Inc. (NYSE:WMT) by 14.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,124 shares of the retailer’s stock after selling 1,214 shares during the period. Safe Harbor Fiduciary LLC’s holdings in Walmart were worth $697,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlas Legacy Advisors LLC grew its holdings in shares of Walmart by 1.1% during the second quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock valued at $851,000 after buying an additional 98 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Walmart by 1.1% in the 2nd quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock valued at $961,000 after acquiring an additional 103 shares in the last quarter. RoundAngle Advisors LLC boosted its stake in Walmart by 0.4% during the 2nd quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock valued at $2,542,000 after purchasing an additional 105 shares during the last quarter. PCG Wealth Advisors LLC increased its holdings in shares of Walmart by 3.6% in the 2nd quarter. PCG Wealth Advisors LLC now owns 3,024 shares of the retailer’s stock worth $296,000 after purchasing an additional 105 shares in the last quarter. Finally, Cvfg LLC increased its holdings in shares of Walmart by 1.6% in the 2nd quarter. Cvfg LLC now owns 6,684 shares of the retailer’s stock worth $654,000 after purchasing an additional 107 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $103.83, for a total value of $415,320.00. Following the transaction, the executive vice president owned 1,048,455 shares of the company’s stock, valued at $108,861,082.65. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $103.21, for a total value of $2,003,925.36. Following the transaction, the chief executive officer directly owned 4,373,576 shares in the company, valued at approximately $451,396,778.96. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 138,597 shares of company stock valued at $14,499,943 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and set a $123.00 price target (up from $111.00) on shares of Walmart in a report on Friday, November 21st. Morgan Stanley restated an “overweight” rating and set a $125.00 target price (up previously from $115.00) on shares of Walmart in a research note on Friday, November 21st. Oppenheimer lifted their price target on shares of Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, Wells Fargo & Company set a $120.00 target price on shares of Walmart and gave the stock an “overweight” rating in a report on Friday, November 21st. Thirty-one research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.55.

Walmart Stock Performance

Shares of NYSE WMT opened at $109.21 on Thursday. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $109.59. The firm has a market capitalization of $870.70 billion, a price-to-earnings ratio of 41.06, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67. 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 50 day moving average of $103.70 and a 200 day moving average of $100.09.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, topping 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 business had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. During the same period last year, the firm earned $0.58 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

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.