Kerntke Otto McGlone Wealth Management Group Has $612,000 Holdings in Walmart Inc. $WMT

Kerntke Otto McGlone Wealth Management Group lessened its position in Walmart Inc. (NYSE:WMT) by 5.0% in the second quarter, Holdings Channel.com reports. The firm owned 6,256 shares of the retailer’s stock after selling 329 shares during the quarter. Kerntke Otto McGlone Wealth Management Group’s holdings in Walmart were worth $612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WMT. Vanguard Group Inc. increased its position in Walmart by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer’s stock valued at $37,395,120,000 after purchasing an additional 3,224,154 shares during the period. Kingstone Capital Partners Texas LLC increased its position in shares of Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock worth $10,496,702,000 after buying an additional 104,488,610 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after buying an additional 7,706,201 shares during the period. Ameriprise Financial Inc. grew its holdings in Walmart by 1.3% during the 1st quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer’s stock worth $2,710,665,000 after acquiring an additional 387,424 shares during the period. Finally, Invesco Ltd. grew its holdings in Walmart by 2.9% during the 1st quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer’s stock worth $2,562,427,000 after acquiring an additional 823,020 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Suresh Kumar sold 30,000 shares of the firm’s stock in a transaction 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 sale, the chief technology officer owned 1,787,200 shares in the company, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,610 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $103.71, for a total transaction of $166,973.10. Following the sale, the executive vice president owned 645,968 shares in the company, valued at approximately $66,993,341.28. This trade represents a 0.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,816 shares of company stock valued at $13,073,594 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $103.03 on Friday. Walmart Inc. has a 1 year low of $78.98 and a 1 year high of $106.11. 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 stock has a market capitalization of $821.41 billion, a PE ratio of 38.73, a P/E/G ratio of 4.84 and a beta of 0.65. The company’s 50 day simple moving average is $99.99 and its two-hundred day simple moving average is $95.92.

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $110.00 price objective (up previously from $108.00) on shares of Walmart in a research report on Monday, August 18th. Bank of America lifted their price objective on shares of Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. The Goldman Sachs Group lifted their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Oppenheimer lifted their price target on Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $111.00 price target on shares of Walmart in a research note on Wednesday. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.38.

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.