Trek Financial LLC Sells 40,206 Shares of Walmart Inc. $WMT

Trek Financial LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 83.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,924 shares of the retailer’s stock after selling 40,206 shares during the quarter. Trek Financial LLC’s holdings in Walmart were worth $775,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. Kingstone Capital Partners Texas LLC boosted its holdings in 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 last quarter. Norges Bank acquired a new stake in shares of Walmart in the 2nd quarter valued at approximately $5,367,770,000. Nuveen LLC bought a new position in Walmart during the 1st quarter worth approximately $2,532,331,000. Laurel Wealth Advisors LLC grew its holdings in Walmart by 9,648.7% during the second quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock valued at $1,123,138,000 after purchasing an additional 11,368,549 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock valued at $2,922,770,000 after purchasing an additional 7,706,201 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Cowen reaffirmed a “buy” rating on shares of Walmart in a research report on Monday, November 10th. UBS Group set a $130.00 price objective on Walmart in a research report on Wednesday. Wolfe Research began coverage on shares of Walmart in a report on Thursday, September 18th. They set an “outperform” rating and a $129.00 target price on the stock. Finally, Telsey Advisory Group upped their price target on shares of Walmart from $118.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Thirty-one 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 stock currently has an average rating of “Moderate Buy” and an average target price of $119.00.

Walmart Price Performance

NYSE WMT opened at $114.50 on Thursday. The firm’s 50 day moving average is $104.59 and its 200-day moving average is $100.61. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $912.88 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 5.16 and a beta of 0.64. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $114.89.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The business had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. During the same quarter last year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $103.21, for a total value of $2,003,925.36. Following the completion of the transaction, the chief executive officer directly owned 4,373,576 shares in the company, valued at $451,396,778.96. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $107.78, for a total value of $1,414,612.50. Following the transaction, the executive vice president directly owned 892,940 shares in the company, valued at $96,241,073.20. This trade represents a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,013 shares of company stock worth $16,657,847 over the last three months. Company insiders own 0.10% of the company’s stock.

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.