Peoples Bank KS Reduces Holdings in Walmart Inc. $WMT

Peoples Bank KS reduced its position in shares of Walmart Inc. (NASDAQ:WMT) by 39.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,755 shares of the retailer’s stock after selling 11,584 shares during the period. Walmart comprises 1.8% of Peoples Bank KS’s portfolio, making the stock its 13th largest position. Peoples Bank KS’s holdings in Walmart were worth $1,830,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its holdings in Walmart by 397,264.9% in 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 in the last quarter. Norges Bank purchased a new stake in shares of Walmart during the second quarter worth about $5,367,770,000. Laurel Wealth Advisors LLC lifted its stake in shares of Walmart by 9,648.7% in the second quarter. Laurel Wealth Advisors LLC now owns 11,486,374 shares of the retailer’s stock worth $1,123,138,000 after acquiring an additional 11,368,549 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Walmart by 1.4% in the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after acquiring an additional 5,856,468 shares in the last quarter. Finally, Amundi boosted its holdings in Walmart by 23.5% in the second quarter. Amundi now owns 19,493,644 shares of the retailer’s stock valued at $1,902,775,000 after purchasing an additional 3,710,506 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the completion of the transaction, the executive vice president directly owned 892,940 shares of the company’s stock, valued at approximately $96,241,073.20. This represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 7,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $106.65, for a total value of $746,550.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 110,703 shares of company stock valued at $11,776,591 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on WMT. Weiss Ratings restated a “buy (b)” rating on shares of Walmart in a report on Wednesday, October 8th. Bank of America raised their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. BTIG Research reaffirmed a “buy” rating and issued a $125.00 price target (up from $120.00) on shares of Walmart in a report on Friday, November 21st. Truist Financial set a $127.00 price objective on shares of Walmart in a research note on Wednesday. Finally, 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. Thirty-one investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $120.18.

Walmart Stock Down 0.7%

WMT stock opened at $114.83 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.80 and a quick ratio of 0.24. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $117.45. The firm has a fifty day moving average price of $107.36 and a two-hundred day moving average price of $101.97. The firm has a market cap of $915.21 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 5.34 and a beta of 0.64.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The company had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. During the same period last year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Research analysts predict 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.