Conning Inc. Has $6.53 Million Stock Holdings in Walmart Inc. $WMT

Conning Inc. reduced its holdings in Walmart Inc. (NYSE:WMT) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,737 shares of the retailer’s stock after selling 865 shares during the quarter. Conning Inc.’s holdings in Walmart were worth $6,526,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Operose Advisors LLC boosted its stake in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after buying an additional 243 shares in the last quarter. PFS Partners LLC boosted its stake in Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after buying an additional 233 shares in the last quarter. Bear Mountain Capital Inc. boosted its stake in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after buying an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after buying an additional 294 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its stake in Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after buying an additional 115 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Up 0.1%

WMT stock opened at $101.86 on Friday. The company has a market cap of $812.10 billion, a P/E ratio of 38.29, a PEG ratio of 4.80 and a beta of 0.67. Walmart Inc. has a twelve month low of $79.37 and a twelve month high of $106.11. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $101.22 and a 200-day moving average of $97.26.

Walmart (NYSE:WMT) last released its earnings results 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 firm had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on WMT shares. Tigress Financial boosted their price target on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Guggenheim reissued a “buy” rating and issued a $115.00 target price (up from $112.00) on shares of Walmart in a report on Monday, August 18th. The Goldman Sachs Group boosted their target price on Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Erste Group Bank raised Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Truist Financial reduced their price objective on Walmart from $111.00 to $109.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Thirty investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.38.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,610 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $103.71, for a total transaction of $166,973.10. Following the completion of the sale, the executive vice president owned 645,968 shares in the company, valued at approximately $66,993,341.28. The trade was a 0.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $103.83, for a total transaction of $415,320.00. Following the completion of the sale, the executive vice president directly owned 1,048,455 shares of the company’s stock, valued at $108,861,082.65. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,232 shares of company stock worth $15,083,877. 0.10% of the stock is owned by company insiders.

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.