Korea Investment CORP Sells 59,320 Shares of Walmart Inc. $WMT

Korea Investment CORP reduced its position in shares of Walmart Inc. (NYSE:WMT) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,685,321 shares of the retailer’s stock after selling 59,320 shares during the quarter. Walmart comprises about 0.8% of Korea Investment CORP’s portfolio, making the stock its 16th biggest position. Korea Investment CORP’s holdings in Walmart were worth $360,351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC lifted its stake 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 buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Walmart by 5.8% during 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. Geneos Wealth Management Inc. boosted its stake in Walmart by 43.0% during the first quarter. Geneos Wealth Management Inc. now owns 88,004 shares of the retailer’s stock worth $7,726,000 after buying an additional 26,452 shares during the last quarter. Independence Financial Advisors LLC purchased a new stake in Walmart in the 1st quarter valued at $336,000. Finally, Mesirow Financial Investment Management Inc. grew its holdings in shares of Walmart by 1.4% in the first quarter. Mesirow Financial Investment Management Inc. now owns 243,879 shares of the retailer’s stock valued at $21,410,000 after purchasing an additional 3,315 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 2.1%

Shares of NYSE:WMT opened at $109.21 on Thursday. The firm’s 50-day simple moving average is $103.70 and its 200-day simple moving average is $100.09. The company has a market cap of $870.70 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 4.83 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $109.59.

Walmart (NYSE: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 for the quarter, compared to the consensus estimate of $175.15 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $101.18, for a total transaction of $222,596.00. Following the completion of the transaction, the executive vice president directly owned 619,518 shares in the company, valued at $62,682,831.24. This represents a 0.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Chojnowski sold 7,000 shares of the firm’s stock in a transaction on 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 sale, the senior vice president owned 136,289 shares in the company, valued at $14,535,221.85. The trade was a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 138,597 shares of company stock worth $14,499,943 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BTIG Research reiterated a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Walmart in a report on Friday, November 21st. DA Davidson set a $130.00 price objective on shares of Walmart and gave the stock a “buy” rating in a report on Friday, November 21st. Truist Financial lifted their target price on shares of Walmart from $109.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Wolfe Research began coverage on Walmart in a report on Thursday, September 18th. They set an “outperform” rating and a $129.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of Walmart from $128.00 to $129.00 and gave the stock an “overweight” rating in a research note 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.55.

Walmart Company 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.