Byrne Asset Management LLC Cuts Holdings in Walmart Inc. $WMT

Byrne Asset Management LLC reduced its position in Walmart Inc. (NYSE:WMT) by 7.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,341 shares of the retailer’s stock after selling 1,105 shares during the period. Walmart makes up about 0.9% of Byrne Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. Byrne Asset Management LLC’s holdings in Walmart were worth $1,402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Nuveen LLC purchased a new position in shares of Walmart in the 1st quarter worth $2,532,331,000. GAMMA Investing LLC boosted its stake in shares of Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock worth $697,029,000 after acquiring an additional 7,860,306 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares during the period. Wellington Management Group LLP increased its holdings in shares of Walmart by 527.1% in the first quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock worth $591,620,000 after purchasing an additional 5,664,484 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its holdings in shares of Walmart by 28,684.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer’s stock worth $371,295,000 after purchasing an additional 4,214,661 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Up 0.2%

WMT stock opened at $103.65 on Tuesday. The company’s 50-day simple moving average is $98.80 and its 200-day simple moving average is $95.43. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 52-week low of $77.49 and a 52-week high of $105.30. The firm has a market cap of $826.39 billion, a P/E ratio of 38.97, a PEG ratio of 4.97 and a beta of 0.65.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The company had revenue of $169.34 billion during the quarter, compared to analysts’ expectations of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. 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, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $95.58, for a total value of $1,855,781.28. Following the transaction, the chief executive officer directly owned 4,412,398 shares of the company’s stock, valued at approximately $421,737,000.84. This trade represents a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $98.30, for a total transaction of $216,260.00. Following the completion of the transaction, the executive vice president directly owned 626,118 shares in the company, valued at $61,547,399.40. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,622 shares of company stock valued at $11,551,646. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. Telsey Advisory Group lifted their price target on Walmart from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. lowered their price target on Walmart from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. KeyCorp boosted their price target on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, June 9th. Tigress Financial upped their target price on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, Erste Group Bank raised Walmart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Buy” and an average price target of $110.76.

Walmart Company 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.