M&T Bank Corp Cuts Stock Position in Walmart Inc. $WMT

M&T Bank Corp decreased its position in shares of Walmart Inc. (NYSE:WMT) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 656,728 shares of the retailer’s stock after selling 23,359 shares during the period. M&T Bank Corp’s holdings in Walmart were worth $64,215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Walmart by 1.4% during the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after purchasing an additional 5,856,468 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its stake in Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock worth $10,496,702,000 after buying an additional 104,488,610 shares during the period. Geode Capital Management LLC increased its stake in Walmart by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock worth $9,199,712,000 after buying an additional 263,718 shares during the period. Norges Bank acquired a new stake in Walmart during the 2nd quarter worth approximately $5,367,770,000. Finally, Goldman Sachs Group Inc. boosted its position in Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock valued at $2,922,770,000 after buying an additional 7,706,201 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WMT shares. Wells Fargo & Company set a $120.00 price objective on Walmart and gave the stock an “overweight” rating in a research report on Friday, November 21st. Telsey Advisory Group boosted their target price on Walmart from $118.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research report on Friday, November 14th. Morgan Stanley reiterated an “overweight” rating and issued a $125.00 price objective (up previously from $115.00) on shares of Walmart in a research note on Friday, November 21st. Finally, DA Davidson set a $130.00 target price on shares of Walmart and gave the stock a “buy” rating in a research note on Friday, November 21st. Thirty-one equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.55.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,630 shares of Walmart stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $102.58, for a total transaction of $167,205.40. Following the sale, the executive vice president owned 642,788 shares in the company, valued at approximately $65,937,193.04. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $101.18, for a total value of $222,596.00. Following the completion of the sale, the executive vice president directly owned 619,518 shares of the company’s stock, valued at $62,682,831.24. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 136,397 shares of company stock worth $14,285,729 over the last three months. Company insiders own 0.10% of the company’s stock.

Walmart Price Performance

WMT stock opened at $111.59 on Tuesday. The business has a 50 day moving average price of $104.15 and a 200 day moving average price of $100.42. The stock has a market cap of $889.71 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 4.83 and a beta of 0.67. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $111.76. 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 (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company had revenue of $179.50 billion for the quarter, compared to analyst estimates of $175.15 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share 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.