South Plains Financial Inc. Purchases 595 Shares of Walmart Inc. $WMT

South Plains Financial Inc. lifted its position in Walmart Inc. (NYSE:WMT) by 5.1% in the second quarter, Holdings Channel.com reports. The firm owned 12,202 shares of the retailer’s stock after purchasing an additional 595 shares during the quarter. South Plains Financial Inc.’s holdings in Walmart were worth $1,193,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its stake in Walmart by 397,264.9% in the second 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. Nuveen LLC bought a new stake in shares of Walmart in the 1st quarter worth approximately $2,532,331,000. Goldman Sachs Group Inc. boosted its stake in shares of 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 purchasing an additional 7,706,201 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 5,856,468 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Walmart by 527.1% during the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock valued at $591,620,000 after purchasing an additional 5,664,484 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 619,518 shares in the company, valued at approximately $62,682,831.24. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the sale, the executive vice president directly owned 892,940 shares in the company, valued at $96,241,073.20. The trade was a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 137,888 shares of company stock valued at $14,241,903 over the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of several recent research reports. 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. Sanford C. Bernstein reiterated an “outperform” rating and issued a $122.00 price objective (up previously from $118.00) on shares of Walmart in a report on Friday. Robert W. Baird boosted their target price on Walmart from $110.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday. BTIG Research restated a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Walmart in a research report on Friday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $120.00 price target (up from $115.00) on shares of Walmart in a research note on Friday. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.55.

Walmart Stock Down 1.7%

NYSE WMT opened at $105.29 on Monday. Walmart Inc. has a 1 year low of $79.81 and a 1 year high of $109.57. The stock has a market capitalization of $839.46 billion, a PE ratio of 39.58, a PEG ratio of 4.83 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The business’s 50-day moving average is $103.52 and its 200 day moving average is $99.91.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.Walmart’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart 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.