Walmart Inc. $WMT Holdings Trimmed by CIBC Asset Management Inc

CIBC Asset Management Inc lessened its holdings in Walmart Inc. (NASDAQ:WMT) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 814,843 shares of the retailer’s stock after selling 57,567 shares during the period. CIBC Asset Management Inc’s holdings in Walmart were worth $79,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Access Investment Management LLC acquired a new stake in Walmart during the 2nd quarter worth about $26,000. PFS Partners LLC increased its holdings in shares of Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after purchasing an additional 233 shares during the period. Ridgewood Investments LLC lifted its position in shares of Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Walmart during the second quarter worth approximately $44,000. Finally, Harbor Asset Planning Inc. purchased a new position in Walmart during the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, SVP David Chojnowski sold 7,000 shares of the business’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 directly owned 136,289 shares in the company, valued at approximately $14,535,221.85. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Suresh Kumar sold 30,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer owned 1,787,200 shares in the company, valued at $184,921,584. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 158,013 shares of company stock valued at $16,657,847. 0.10% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of NASDAQ:WMT opened at $113.18 on Thursday. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $116.27. The business has a 50-day moving average of $105.75 and a two-hundred day moving average of $101.22. The stock has a market capitalization of $902.06 billion, a P/E ratio of 39.57, a P/E/G ratio of 5.25 and a beta of 0.64. 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 (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The business had revenue of $179.50 billion for the quarter, compared to analyst estimates of $175.15 billion. During the same quarter in the prior year, the firm posted $0.58 EPS. The firm’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. On average, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson set a $130.00 target price on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, November 21st. Evercore ISI set a $117.00 price objective on Walmart and gave the stock an “outperform” rating in a report on Tuesday. Telsey Advisory Group lifted their price objective on Walmart from $118.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Walmart in a research report on Tuesday. Finally, BTIG Research reaffirmed a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Walmart in a research note 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.31.

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.