Walmart Inc. $WMT Shares Sold by Convergence Financial LLC

Convergence Financial LLC cut its holdings in shares of Walmart Inc. (NASDAQ:WMT) by 20.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,440 shares of the retailer’s stock after selling 5,944 shares during the period. Convergence Financial LLC’s holdings in Walmart were worth $2,542,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TBH Global Asset Management LLC boosted its stake in shares of Walmart by 0.8% in the second quarter. TBH Global Asset Management LLC now owns 43,446 shares of the retailer’s stock valued at $4,921,000 after purchasing an additional 341 shares during the period. Triton Wealth Management PLLC grew its holdings in shares of Walmart by 1.8% in the second quarter. Triton Wealth Management PLLC now owns 31,584 shares of the retailer’s stock valued at $3,572,000 after purchasing an additional 567 shares in the last quarter. Bridgewater Advisors Inc. increased its stake in Walmart by 65.8% during the 2nd quarter. Bridgewater Advisors Inc. now owns 38,961 shares of the retailer’s stock worth $4,313,000 after buying an additional 15,469 shares during the period. KBC Group NV increased its stake in Walmart by 5.1% during the 2nd quarter. KBC Group NV now owns 980,306 shares of the retailer’s stock worth $110,980,000 after buying an additional 47,685 shares during the period. Finally, Souders Financial Advisors lifted its holdings in Walmart by 1.3% during the 2nd quarter. Souders Financial Advisors now owns 16,190 shares of the retailer’s stock worth $1,834,000 after buying an additional 207 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Trending Headlines about Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart’s history of earnings surprises, along with favorable estimates and other indicators tracked by Zacks, suggests the company could exceed consensus expectations again. Why Walmart Could Beat Earnings Estimates Again
• Positive Sentiment: Analysts are highlighting continued e-commerce momentum, improving profit mix and Walmart Connect’s rapidly growing advertising business. Advertising revenue carries higher margins and may help offset price investments, delivery costs and softer store-sales growth. As Retail Stagnates, Ad Dollars Help Walmart Stay the Course
• Positive Sentiment: DA Davidson reaffirmed its buy rating and assigned a $150 price target, indicating substantial potential appreciation if Walmart delivers on its growth and profitability plans. DA Davidson Walmart Rating
• Neutral Sentiment: The upcoming report is viewed as an important read on the U.S. consumer because Walmart serves both value-focused and higher-income shoppers. Its performance could provide broader insight into household spending trends. What Walmart and Target Earnings Could Tell Us About Consumers
• Neutral Sentiment: Walmart’s low-price strategy and thousands of rollbacks may sustain customer traffic, although rising fuel costs are creating pressure for lower-income shoppers. Can Walmart Sustain Growth as Household Budgets Tighten?
• Negative Sentiment: Same-store sales growth has cooled, and investors remain concerned that Walmart’s cautious annual outlook could limit upside. The company is increasingly relying on higher-margin advertising to support profitability as core retail momentum moderates. Walmart Investors Hang Hopes on Retail Media as Sales Cool
• Negative Sentiment: Several previews warn that WMT’s valuation is demanding, while fuel costs, cautious consumers and operating-margin pressure could make it difficult to justify further gains. One report also frames the company’s long dividend-growth streak as potentially vulnerable if earnings and cash flow weaken. Walmart Strong Company but Overvalued Before Earnings

Walmart Stock Up 0.8%

Shares of Walmart stock opened at $115.20 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52-week low of $95.42 and a 52-week high of $135.15. The company has a market capitalization of $916.77 billion, a P/E ratio of 40.42, a P/E/G ratio of 4.30 and a beta of 0.61. The company has a 50 day moving average of $114.15 and a 200 day moving average of $121.52.

Walmart (NASDAQ:WMT) last announced its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. During the same period in the prior year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Oppenheimer cut shares of Walmart from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 4th. Wolfe Research reaffirmed an “outperform” rating and set a $137.00 price objective (up from $135.00) on shares of Walmart in a research report on Monday, May 11th. BNP Paribas Exane reduced their price objective on Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a research note on Friday, May 22nd. Weiss Ratings lowered Walmart from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Finally, Morgan Stanley boosted their target price on Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.50.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 3,775 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total value of $413,891.00. Following the transaction, the executive vice president owned 630,009 shares of the company’s stock, valued at $69,074,186.76. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $124.08, for a total value of $1,628,550.00. Following the completion of the sale, the chief executive officer owned 661,037 shares in the company, valued at approximately $82,021,470.96. This represents a 1.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 70,189 shares of company stock valued at $8,377,320. Insiders own 0.09% of the company’s stock.

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.