Dearborn Partners LLC Acquires 24,645 Shares of Walmart Inc. $WMT

Dearborn Partners LLC lifted its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 6.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 423,429 shares of the retailer’s stock after purchasing an additional 24,645 shares during the period. Walmart accounts for about 2.0% of Dearborn Partners LLC’s portfolio, making the stock its 7th largest position. Dearborn Partners LLC’s holdings in Walmart were worth $41,403,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC grew its stake in shares of Walmart by 397,264.9% during the second 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. Norges Bank bought a new position in Walmart in the 2nd quarter worth approximately $5,367,770,000. Laurel Wealth Advisors LLC lifted its holdings in Walmart by 9,648.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock worth $1,123,138,000 after buying an additional 11,368,549 shares in the last quarter. Vanguard Group Inc. boosted its position in Walmart by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock valued at $42,223,116,000 after buying an additional 5,856,468 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Walmart by 527.1% in the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock valued at $591,620,000 after buying an additional 5,664,484 shares during the period. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on WMT shares. Wells Fargo & Company set a $120.00 price target on Walmart and gave the company an “overweight” rating in a report on Friday, November 21st. Evercore ISI set a $117.00 target price on shares of Walmart and gave the company an “outperform” rating in a research note on Tuesday. Bank of America boosted their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Telsey Advisory Group raised their price objective on shares of Walmart from $118.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $123.00 target price (up previously from $111.00) on shares of Walmart in a report on Friday, November 21st. Thirty-one 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.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $119.31.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $103.83, for a total value of $415,320.00. Following the transaction, the executive vice president owned 1,048,455 shares of the company’s stock, valued at approximately $108,861,082.65. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Suresh Kumar sold 30,000 shares of the company’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 transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer owned 1,787,200 shares of the company’s stock, valued at $184,921,584. This trade represents a 1.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 158,013 shares of company stock worth $16,657,847 over the last three months. Company insiders own 0.10% of the company’s stock.

Walmart Stock Down 1.6%

Shares of NASDAQ WMT opened at $113.18 on Thursday. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $116.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.24 and a current ratio of 0.80. The stock has a market cap of $902.06 billion, a P/E ratio of 39.57, a P/E/G ratio of 5.25 and a beta of 0.64. The firm has a 50 day moving average price of $105.75 and a 200 day moving average price of $101.22.

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