Walmart Inc. $WMT Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,793,235 shares of the retailer’s stock after selling 76,067 shares during the period. Truist Financial Corp’s holdings in Walmart were worth $370,902,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WMT. Brighton Jones LLC boosted its stake in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC boosted its stake in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after purchasing an additional 485 shares during the period. Whipplewood Advisors LLC boosted its stake in shares of Walmart by 10.1% during the 1st quarter. Whipplewood Advisors LLC now owns 2,830 shares of the retailer’s stock valued at $230,000 after buying an additional 260 shares during the period. Mainstream Capital Management LLC boosted its stake in shares of Walmart by 13.6% during the 1st quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer’s stock valued at $1,084,000 after buying an additional 1,474 shares during the period. Finally, Apella Capital LLC boosted its stake in shares of Walmart by 99.7% during the 1st quarter. Apella Capital LLC now owns 16,238 shares of the retailer’s stock valued at $1,455,000 after buying an additional 8,106 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

Shares of Walmart stock opened at $101.97 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The firm’s 50-day simple moving average is $100.58 and its 200-day simple moving average is $96.40. Walmart Inc. has a twelve month low of $78.98 and a twelve month high of $106.11. The firm has a market cap of $812.99 billion, a P/E ratio of 38.33, a price-to-earnings-growth ratio of 4.86 and a beta of 0.67.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same quarter last year, the firm posted $0.67 earnings per share. Walmart’s revenue was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WMT. Bank of America lifted their target price on shares of Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Truist Financial cut their price target on shares of Walmart from $111.00 to $109.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. KeyCorp raised their price target on shares of Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, June 9th. Oppenheimer raised their price target on shares of Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Finally, Wolfe Research started coverage on shares of Walmart in a report on Thursday, September 18th. They set an “outperform” rating and a $129.00 price target on the stock. Twenty-nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $112.38.

Insider Activity

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 sale, the chief technology officer directly owned 1,787,200 shares of the company’s stock, valued at $184,921,584. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s 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 sale, the executive vice president directly owned 1,052,455 shares of the company’s stock, valued at approximately $106,255,856.80. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 149,032 shares of company stock valued at $14,860,951 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

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.