IHT Wealth Management LLC Purchases 7,098 Shares of Walmart Inc. $WMT

IHT Wealth Management LLC grew its position in shares of Walmart Inc. (NASDAQ:WMT) by 4.4% during the second quarter, Holdings Channel reports. The fund owned 170,153 shares of the retailer’s stock after purchasing an additional 7,098 shares during the period. IHT Wealth Management LLC’s holdings in Walmart were worth $16,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 5,856,468 shares in the last quarter. Kingstone Capital Partners Texas LLC grew its position in shares of 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 during the period. Geode Capital Management LLC increased its stake in shares of Walmart by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock worth $9,199,712,000 after acquiring an additional 263,718 shares in the last quarter. Norges Bank purchased a new position in Walmart during the 2nd quarter valued at about $5,367,770,000. Finally, Ameriprise Financial Inc. lifted its position in Walmart by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 31,973,329 shares of the retailer’s stock valued at $3,126,775,000 after acquiring an additional 1,098,342 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NASDAQ WMT opened at $116.70 on Friday. Walmart Inc. has a one year low of $79.81 and a one year high of $116.95. The stock has a 50-day moving average of $106.31 and a 200 day moving average of $101.46. 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 company has a market capitalization of $930.12 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 5.34 and a beta of 0.64.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. Walmart had a net margin of 3.26% and a return on equity of 21.31%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. BMO Capital Markets raised their target price on shares of Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Wolfe Research started coverage on Walmart in a research note on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price target on the stock. BTIG Research reiterated a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Walmart in a research note on Friday, November 21st. DA Davidson set a $130.00 target price on Walmart and gave the stock a “buy” rating in a research note on Friday, November 21st. Finally, JPMorgan Chase & Co. raised their price target on Walmart from $128.00 to $129.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Thirty-one analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.31.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $103.83, for a total value of $415,320.00. Following the transaction, the executive vice president directly owned 1,048,455 shares in the company, valued at $108,861,082.65. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Chojnowski sold 7,000 shares of the company’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 sale, the senior vice president owned 136,289 shares of the company’s stock, valued at approximately $14,535,221.85. This trade represents a 4.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 128,013 shares of company stock valued at $13,553,747 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

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.