Walmart Inc. $WMT Shares Sold by National Bank of Canada FI

by · The Markets Daily

National Bank of Canada FI trimmed its position in Walmart Inc. (NASDAQ:WMT – Free Report) by 23.6% in the second quarter, Holdings Channel reports. The firm owned 3,856,187 shares of the retailer’s stock after selling 1,192,072 shares during the quarter. National Bank of Canada FI’s holdings in Walmart were worth $377,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Access Investment Management LLC acquired a new position in shares of Walmart in the 2nd quarter worth approximately $26,000. PFS Partners LLC lifted its stake in Walmart by 267.8% during the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after purchasing an additional 233 shares during the last quarter. Ridgewood Investments LLC boosted its holdings in Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares during the period. Livelsberger Financial Advisory bought a new stake in Walmart during the second quarter valued at $44,000. Finally, Harbor Asset Planning Inc. acquired a new stake in shares of Walmart during the second quarter worth $46,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $116.70 on Friday. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $116.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24. The firm has a market capitalization of $930.12 billion, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 5.40 and a beta of 0.64. The business has a 50 day simple moving average of $106.31 and a 200 day simple moving average of $101.49.

Walmart (NASDAQ:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The company had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on WMT. Telsey Advisory Group lifted 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. Royal Bank Of Canada restated an “outperform” rating and issued a $123.00 target price on shares of Walmart in a research note on Tuesday. Truist Financial increased their price target on Walmart from $109.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. UBS Group set a $130.00 price target on Walmart in a report on Wednesday, December 3rd. Finally, DA Davidson set a $130.00 price objective on Walmart and gave the stock a “buy” rating in a research note on Friday, November 21st. Thirty-one analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $119.31.

Check Out Our Latest Report on Walmart

Insider Activity at Walmart

In related news, SVP David Chojnowski sold 7,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $106.65, for a total value of $746,550.00. Following the completion of the transaction, the senior vice president owned 136,289 shares in the company, valued at $14,535,221.85. This represents a 4.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the sale, the executive vice president owned 892,940 shares in the company, valued at $96,241,073.20. This trade represents a 1.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 128,013 shares of company stock worth $13,553,747. 0.10% of the stock is currently owned by corporate insiders.

Walmart Company 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.

Further Reading

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