Howard Capital Management Inc. Purchases 7,739 Shares of Walmart Inc. $WMT

by · The Cerbat Gem

Howard Capital Management Inc. raised its position in Walmart Inc. (NYSE:WMT – Free Report) by 30.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 33,103 shares of the retailer’s stock after purchasing an additional 7,739 shares during the period. Howard Capital Management Inc.’s holdings in Walmart were worth $3,237,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WMT. Vanguard Group Inc. lifted its holdings in Walmart by 0.8% in the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer’s stock valued at $37,395,120,000 after buying an additional 3,224,154 shares during the period. Kingstone Capital Partners Texas LLC grew its holdings in Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock worth $10,496,702,000 after acquiring an additional 104,488,610 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Walmart by 1.3% in 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 in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Walmart by 2.9% in the 1st quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer’s stock valued at $2,562,427,000 after purchasing an additional 823,020 shares during the period. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on WMT. Mizuho reaffirmed an “outperform” rating and set a $115.00 target price on shares of Walmart in a research note on Wednesday, August 13th. Evercore ISI reaffirmed an “outperform” rating and set a $111.00 price objective (up previously from $110.00) on shares of Walmart in a research report on Tuesday, October 21st. UBS Group reiterated a “buy” rating and issued a $122.00 price objective (up previously from $110.00) on shares of Walmart in a research note on Thursday. Tigress Financial boosted their target price on shares of Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Finally, Truist Financial reduced their price target on shares of Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Thirty-one research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.07.

Read Our Latest Stock Analysis on Walmart

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the 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 sale, the chief executive officer directly owned 4,373,576 shares of the company’s stock, valued at $451,396,778.96. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Suresh Kumar sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $103.47, for a total value of $3,104,100.00. Following the completion of the transaction, the chief technology officer owned 1,787,200 shares in the company, valued at $184,921,584. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,038 shares of company stock worth $15,525,280 in the last quarter. 0.10% of the stock is owned by insiders.

Walmart Stock Performance

NYSE WMT opened at $104.49 on Tuesday. The company has a market cap of $833.08 billion, a P/E ratio of 39.28, a PEG ratio of 5.00 and a beta of 0.67. The company has a fifty day simple moving average of $102.24 and a 200 day simple moving average of $98.89. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $109.57.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Profile

(Free Report)

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.

See Also

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