Cullen Frost Bankers Inc. Acquires 11,419 Shares of Walmart Inc. $WMT

Cullen Frost Bankers Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 503,602 shares of the retailer’s stock after purchasing an additional 11,419 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Walmart were worth $49,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after acquiring an additional 485 shares in the last quarter. Mainstream Capital Management LLC raised its holdings in Walmart by 13.6% in the 1st quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer’s stock valued at $1,084,000 after acquiring an additional 1,474 shares in the last quarter. GAMMA Investing LLC raised its holdings in Walmart by 13.9% in the 1st quarter. GAMMA Investing LLC now owns 90,440 shares of the retailer’s stock valued at $7,940,000 after acquiring an additional 11,018 shares in the last quarter. Finally, Consolidated Planning Corp raised its holdings in Walmart by 6.0% in the 1st quarter. Consolidated Planning Corp now owns 111,661 shares of the retailer’s stock valued at $9,803,000 after acquiring an additional 6,358 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on WMT shares. Sanford C. Bernstein set a $117.00 price target on Walmart and gave the company an “outperform” rating in a 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. Oppenheimer upped their price target on Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Truist Financial cut their price target on Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. Thirty-one research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.67.

Insider Buying and Selling at Walmart

In related 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 transaction of $2,003,925.36. Following the sale, the chief executive officer directly owned 4,373,576 shares in the company, valued at $451,396,778.96. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $107.78, for a total value of $1,414,612.50. Following the sale, the executive vice president owned 892,940 shares in the company, valued at approximately $96,241,073.20. This trade represents a 1.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,038 shares of company stock worth $14,869,054 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Walmart Trading Down 0.7%

Shares of WMT opened at $106.30 on Wednesday. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $109.57. 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 stock has a 50 day simple moving average of $101.80 and a 200-day simple moving average of $98.22. The stock has a market cap of $847.51 billion, a PE ratio of 39.96, a PEG ratio of 5.04 and a beta of 0.67.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The business 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 firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $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. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

About Walmart

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.