State Street Corp Lowers Stock Holdings in Walmart Inc. $WMT

State Street Corp cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 182,563,614 shares of the retailer’s stock after selling 853,147 shares during the quarter. Walmart comprises approximately 0.7% of State Street Corp’s portfolio, making the stock its 20th biggest holding. State Street Corp’s holdings in Walmart were worth $17,851,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Daiwa Securities Group Inc. increased its holdings in shares of Walmart by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 809,965 shares of the retailer’s stock worth $79,198,000 after buying an additional 48,900 shares during the last quarter. CoreFirst Bank & Trust increased its stake in Walmart by 12.7% during the second quarter. CoreFirst Bank & Trust now owns 28,975 shares of the retailer’s stock worth $2,833,000 after acquiring an additional 3,267 shares during the last quarter. Sentinus LLC raised its holdings in shares of Walmart by 17.3% in the 2nd quarter. Sentinus LLC now owns 5,974 shares of the retailer’s stock worth $584,000 after purchasing an additional 883 shares during the period. Tandem Financial LLC purchased a new position in shares of Walmart in the 2nd quarter worth about $204,000. Finally, Acorn Wealth Advisors LLC lifted its stake in shares of Walmart by 9.6% in the 2nd quarter. Acorn Wealth Advisors LLC now owns 4,025 shares of the retailer’s stock valued at $394,000 after purchasing an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $107.78, for a total value of $1,414,612.50. Following the completion of the transaction, the executive vice president directly owned 892,940 shares of the company’s stock, valued at approximately $96,241,073.20. The trade was a 1.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David Chojnowski sold 7,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total transaction of $746,550.00. Following the sale, the senior vice president directly owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. This represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 158,013 shares of company stock worth $16,657,847. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Telsey Advisory Group raised 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. Truist Financial raised their price objective on Walmart from $109.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Tigress Financial increased their target price on Walmart from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. raised their target price on Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Finally, KeyCorp reiterated an “overweight” rating and set a $120.00 price objective (up previously from $110.00) on shares of Walmart in a research note on Friday, November 21st. Thirty-one equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $119.00.

Walmart Stock Performance

Shares of WMT stock opened at $113.80 on Tuesday. The stock has a market capitalization of $906.97 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 5.32 and a beta of 0.64. Walmart Inc. has a one year low of $79.81 and a one year high of $116.27. The company’s 50-day simple moving average is $105.28 and its 200-day simple moving average is $101.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80.

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