Thrivent Financial for Lutherans Has $233.17 Million Stock Holdings in Walmart Inc. $WMT

Thrivent Financial for Lutherans trimmed its holdings in Walmart Inc. (NASDAQ:WMT) by 2.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,385,177 shares of the retailer’s stock after selling 56,897 shares during the quarter. Walmart comprises 0.5% of Thrivent Financial for Lutherans’ portfolio, making the stock its 23rd biggest holding. Thrivent Financial for Lutherans’ holdings in Walmart were worth $233,174,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Brighton Jones LLC raised its position in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after purchasing an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after buying an additional 485 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in shares of Walmart by 84.6% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 19,196 shares of the retailer’s stock valued at $1,685,000 after buying an additional 8,798 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Walmart during the first quarter worth $510,000. Finally, Tyler Stone Wealth Management lifted its stake in shares of Walmart by 46.7% during the first quarter. Tyler Stone Wealth Management now owns 8,432 shares of the retailer’s stock valued at $740,000 after acquiring an additional 2,683 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.0%

Shares of NASDAQ WMT opened at $116.70 on Monday. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $116.95. 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 $930.12 billion, a P/E ratio of 40.80, a P/E/G ratio of 5.40 and a beta of 0.64. The firm has a 50 day moving average price of $106.31 and a 200 day moving average price of $101.52.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share 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 analysts’ expectations of $175.15 billion. During the same period last year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. 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.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $107.18, for a total value of $2,081,006.88. Following the completion of the sale, the chief executive officer directly owned 4,354,162 shares in the company, valued at $466,679,083.16. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value of $1,414,612.50. Following the transaction, the executive vice president owned 892,940 shares in the company, valued at $96,241,073.20. This trade represents a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 126,403 shares of company stock valued at $13,386,774 in the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WMT. Tigress Financial lifted their price objective on Walmart from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $123.00 price target on shares of Walmart in a research report on Tuesday, December 9th. Bank of America increased their price objective on shares of Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Walmart in a research note on Tuesday, December 9th. Finally, Telsey Advisory Group upped their target price on shares of Walmart from $118.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Thirty-one analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.31.

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.