Grimes & Company Inc. Has $1.99 Million Stock Holdings in Walmart Inc. $WMT

Grimes & Company Inc. boosted its stake in Walmart Inc. (NYSE:WMT) by 21.0% during the second quarter, Holdings Channel reports. The institutional investor owned 20,334 shares of the retailer’s stock after buying an additional 3,529 shares during the period. Grimes & Company Inc.’s holdings in Walmart were worth $1,988,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of WMT. Brighton Jones LLC lifted its holdings in Walmart by 28.8% during 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 last quarter. Revolve Wealth Partners LLC increased its position in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after buying an additional 485 shares during the period. Mainstream Capital Management LLC increased its position in Walmart by 13.6% during the 1st quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer’s stock worth $1,084,000 after buying an additional 1,474 shares during the period. KMG Fiduciary Partners LLC lifted its holdings in shares of Walmart by 4.0% during the first quarter. KMG Fiduciary Partners LLC now owns 20,263 shares of the retailer’s stock worth $1,779,000 after buying an additional 785 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Walmart by 2.4% in the 1st quarter. Wedge Capital Management L L P NC now owns 7,678 shares of the retailer’s stock worth $674,000 after purchasing an additional 177 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WMT. Oppenheimer raised their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Sanford C. Bernstein set a $117.00 price objective on Walmart and gave the stock an “outperform” rating in a research note on Friday, August 22nd. The Goldman Sachs Group upped their target price on Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. decreased their price target on Walmart from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $106.00 price target on shares of Walmart in a research note on Friday, August 22nd. Thirty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the transaction, the executive vice president owned 932,313 shares of the company’s stock, valued at $88,700,258.82. This represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total value of $403,840.00. Following the completion of the transaction, the executive vice president owned 1,052,455 shares of the company’s stock, valued at $106,255,856.80. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,232 shares of company stock valued at $15,083,877 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Walmart Stock Up 0.6%

WMT stock opened at $102.70 on Tuesday. The firm has a 50-day moving average price of $100.88 and a 200-day moving average price of $96.87. Walmart Inc. has a 12 month low of $78.98 and a 12 month high of $106.11. 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 stock has a market capitalization of $818.81 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 4.81 and a beta of 0.67.

Walmart (NYSE:WMT) last released 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 company had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the prior year, the company earned $0.67 earnings per share. Walmart’s revenue for the quarter 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. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

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.