Birinyi Associates Inc. Trims Stock Position in Walmart Inc. $WMT

Birinyi Associates Inc. cut its stake in Walmart Inc. (NYSE:WMT) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,300 shares of the retailer’s stock after selling 600 shares during the period. Walmart comprises approximately 0.8% of Birinyi Associates Inc.’s portfolio, making the stock its 24th largest position. Birinyi Associates Inc.’s holdings in Walmart were worth $2,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Weatherly Asset Management L. P. raised its holdings in shares of Walmart by 7.0% in the second quarter. Weatherly Asset Management L. P. now owns 56,140 shares of the retailer’s stock valued at $5,489,000 after buying an additional 3,696 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Walmart by 34.6% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock valued at $3,355,000 after buying an additional 9,831 shares during the last quarter. Ally Financial Inc. purchased a new stake in shares of Walmart in the first quarter valued at about $2,107,000. Night Squared LP purchased a new stake in shares of Walmart in the first quarter valued at about $1,052,000. Finally, Monument Capital Management raised its holdings in shares of Walmart by 94.2% in the first quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock valued at $4,829,000 after buying an additional 26,685 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. The Goldman Sachs Group upped their target price on shares of Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Guggenheim reiterated a “buy” rating and set a $115.00 price target (up from $112.00) on shares of Walmart in a research note on Monday, August 18th. Truist Financial dropped their price target on shares of Walmart from $111.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Piper Sandler reiterated an “overweight” rating and set a $111.00 price target on shares of Walmart in a research note on Wednesday, September 24th. Finally, Bank of America boosted their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Thirty equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.38.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,610 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $103.71, for a total value of $166,973.10. Following the sale, the executive vice president directly owned 645,968 shares in the company, valued at $66,993,341.28. This represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the completion of the sale, the executive vice president owned 1,048,455 shares in the company, valued at $108,861,082.65. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,232 shares of company stock valued at $15,083,877. Corporate insiders own 0.10% of the company’s stock.

Walmart Trading Down 0.3%

Shares of WMT opened at $102.90 on Thursday. 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’s 50-day moving average is $101.08 and its two-hundred day moving average is $96.96. Walmart Inc. has a twelve month low of $79.37 and a twelve month high of $106.11. The firm has a market capitalization of $820.41 billion, a P/E ratio of 38.68, a PEG 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 return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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.