TD Asset Management Inc Has $262.16 Million Stock Holdings in Walmart Inc. $WMT

TD Asset Management Inc decreased its position in shares of Walmart Inc. (NASDAQ:WMT) by 10.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,314,696 shares of the retailer’s stock after selling 258,999 shares during the quarter. TD Asset Management Inc’s holdings in Walmart were worth $262,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Boomfish Wealth Group LLC raised its position in shares of Walmart by 5.7% during the second quarter. Boomfish Wealth Group LLC now owns 3,772 shares of the retailer’s stock worth $427,000 after acquiring an additional 203 shares during the last quarter. Provident Wealth Management LLC lifted its stake in shares of Walmart by 51.9% during the second quarter. Provident Wealth Management LLC now owns 4,092 shares of the retailer’s stock valued at $463,000 after acquiring an additional 1,398 shares during the period. River Wealth Advisors LLC boosted its holdings in Walmart by 2.7% in the second quarter. River Wealth Advisors LLC now owns 66,044 shares of the retailer’s stock valued at $7,480,000 after acquiring an additional 1,748 shares during the last quarter. BCGM Wealth Management LLC boosted its holdings in Walmart by 6.2% in the second quarter. BCGM Wealth Management LLC now owns 2,151 shares of the retailer’s stock valued at $244,000 after acquiring an additional 125 shares during the last quarter. Finally, SmartHarvest Portfolios LLC increased its position in Walmart by 7.3% in the second quarter. SmartHarvest Portfolios LLC now owns 17,839 shares of the retailer’s stock worth $2,020,000 after purchasing an additional 1,219 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on WMT. KeyCorp reissued an “overweight” rating on shares of Walmart in a report on Wednesday. Freedom Capital raised shares of Walmart from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. UBS Group reiterated a “buy” rating on shares of Walmart in a research report on Tuesday, August 4th. BTIG Research reissued a “buy” rating and set a $145.00 price target on shares of Walmart in a research note on Wednesday, June 3rd. Finally, TD Cowen reissued a “buy” rating and set a $150.00 price target (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.56.

Walmart Price Performance

Walmart stock opened at $115.27 on Monday. The company’s 50 day simple moving average is $114.34 and its 200 day simple moving average is $121.54. Walmart Inc. has a fifty-two week low of $95.42 and a fifty-two week high of $135.15. The firm has a market capitalization of $917.33 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 4.30 and a beta of 0.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share (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 firm had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. 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, sell-side analysts anticipate that Walmart Inc. will post 2.88 EPS for the current year.

Walmart News Roundup

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart’s e-commerce business continues to be viewed as a significant growth engine, with its digital capabilities increasingly resembling a broader commerce platform rather than a traditional big-box retailer. Walmart’s E-Commerce Engine Roars
• Positive Sentiment: Jefferies said potential tariff refunds could support Walmart’s price-leadership strategy. Reinvesting the money in lower prices could widen its price gap with competitors and help drive market-share gains, particularly in consumables. Walmart set for in-line Q2
• Positive Sentiment: Royal Bank of Canada reaffirmed an “Outperform” rating, providing some support for the long-term investment case despite near-term sales concerns. RBC Reaffirms Outperform Rating
• Neutral Sentiment: Walmart is expected to deliver largely in-line second-quarter results. The key catalysts are management’s second-half outlook, tariff-refund treatment and the potential effect on pricing and margins. Walmart Q2 earnings preview
• Neutral Sentiment: The company will release results before the market opens on August 20 and host a conference call with CEO John Furner and CFO John David Rainey. Walmart to Host Second Quarter Earnings Conference Call
• Negative Sentiment: Deutsche Bank expects Walmart to miss second-quarter comparable-sales estimates, while high gasoline prices are pressuring household budgets and raising the retailer’s operating costs. Walmart Seen Missing Comparable Sales Estimates
• Negative Sentiment: Analysts have cited elevated fuel costs, rising expenses and valuation concerns as reasons for Walmart’s recent weakness, despite solid revenue growth and e-commerce momentum. Walmart Stock Slides About 12% in 3 Months
• Negative Sentiment: Amazon’s AI-powered Alexa shopping tools could intensify competition for grocery-list creation and digital shopping relationships, areas strategically important to Walmart’s e-commerce growth. Amazon’s Alexa Shopping Strategy

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 3,775 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total transaction of $413,891.00. Following the sale, the executive vice president owned 630,009 shares of the company’s stock, valued at approximately $69,074,186.76. This trade represents a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.63, for a total value of $2,303,320.08. Following the transaction, the director owned 4,174,579 shares in the company, valued at approximately $495,230,306.77. This represents a 0.46% 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. Insiders have sold 70,189 shares of company stock worth $8,377,320 over the last ninety days. Insiders own 0.09% of the company’s stock.

Walmart 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.