Walmart Inc. $WMT Shares Sold by LMG Wealth Partners LLC

by · The Cerbat Gem

LMG Wealth Partners LLC cut its position in Walmart Inc. (NYSE:WMT – Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,434 shares of the retailer’s stock after selling 1,570 shares during the period. Walmart accounts for approximately 3.5% of LMG Wealth Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. LMG Wealth Partners LLC’s holdings in Walmart were worth $16,958,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WMT. Kingstone Capital Partners Texas LLC boosted its stake 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 valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the last quarter. Nuveen LLC acquired a new position in Walmart during the 1st quarter valued at about $2,532,331,000. Goldman Sachs Group Inc. boosted its stake in Walmart by 30.1% during the 1st 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 during the last quarter. Wellington Management Group LLP boosted its stake in Walmart by 527.1% during the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock valued at $591,620,000 after purchasing an additional 5,664,484 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in Walmart by 28,684.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer’s stock valued at $371,295,000 after purchasing an additional 4,214,661 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WMT shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a research note on Wednesday, October 8th. BTIG Research initiated coverage on shares of Walmart in a research report on Tuesday, October 14th. They set a “buy” rating and a $120.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Walmart from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price target (up previously from $112.00) on shares of Walmart in a report on Monday, August 18th. Finally, Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the stock an “outperform” rating in a report on Friday, August 22nd. Thirty-one equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $112.63.

Get Our Latest Stock Analysis on Walmart

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the transaction, the executive vice president owned 623,918 shares of the company’s stock, valued at approximately $60,750,895.66. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer directly owned 1,787,200 shares in the company, valued at approximately $184,921,584. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,038 shares of company stock valued at $14,869,054. Corporate insiders own 0.10% of the company’s stock.

Walmart Stock Up 1.3%

Walmart stock opened at $107.80 on Monday. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $109.57. The firm has a market capitalization of $859.50 billion, a price-to-earnings ratio of 40.53, a P/E/G ratio of 5.08 and a beta of 0.67. 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 firm has a 50 day simple moving average of $101.69 and a 200 day simple moving average of $98.00.

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). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion during the quarter, compared to analysts’ expectations of $174.02 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current 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.

Featured Stories

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).