Walmart Inc. $WMT Stock Position Increased by Truist Financial Corp

Truist Financial Corp lifted its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,803,357 shares of the retailer’s stock after buying an additional 10,122 shares during the period. Truist Financial Corp’s holdings in Walmart were worth $391,974,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Walmart by 1.4% in the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock valued at $42,223,116,000 after buying an additional 5,856,468 shares during the period. Geode Capital Management LLC increased its position in shares of Walmart by 0.3% in the second quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock worth $9,199,712,000 after acquiring an additional 263,718 shares in the last quarter. Norges Bank acquired a new stake in Walmart during the 2nd quarter valued at $5,367,770,000. Ameriprise Financial Inc. increased its holdings in shares of Walmart by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock valued at $3,126,775,000 after purchasing an additional 1,098,342 shares during the period. Finally, Amundi lifted its position in Walmart by 23.5% in the 2nd quarter. Amundi now owns 19,493,644 shares of the retailer’s stock worth $1,902,775,000 after buying an additional 3,710,506 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft downgraded Walmart from a “buy” rating to a “hold” rating and set a $119.00 price objective on the stock. in a report on Thursday, January 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $125.00 price target (up from $115.00) on shares of Walmart in a research report on Thursday, January 8th. Piper Sandler reaffirmed an “overweight” rating and set a $123.00 price objective (up previously from $111.00) on shares of Walmart in a research report on Friday, November 21st. Morgan Stanley reiterated an “overweight” rating and set a $135.00 price target (up previously from $125.00) on shares of Walmart in a research note on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a research note on Wednesday, January 21st. Thirty-two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.20.

Walmart Stock Down 0.6%

WMT stock opened at $116.94 on Wednesday. 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 firm has a market capitalization of $932.03 billion, a PE ratio of 40.89, a P/E/G ratio of 5.02 and a beta of 0.66. The stock’s 50 day moving average is $113.67 and its 200-day moving average is $105.63. Walmart Inc. has a twelve month low of $79.81 and a twelve month high of $121.62.

Walmart (NASDAQ:WMT) last released its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating 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%.Walmart’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $119.99, for a total value of $1,574,868.75. Following the completion of the transaction, the executive vice president directly owned 727,155 shares in the company, valued at approximately $87,251,328.45. The trade was a 1.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $119.17, for a total value of $2,313,804.72. Following the completion of the transaction, the chief executive officer owned 4,274,856 shares of the company’s stock, valued at approximately $509,434,589.52. This trade represents a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 135,215 shares of company stock valued at $15,304,608. Corporate insiders own 0.10% of the company’s stock.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.