Franklin Street Advisors Inc. NC Sells 14,757 Shares of Walmart Inc. $WMT

Key Points

• Franklin Street Advisors Inc. sold 14,757 shares of Walmart Inc., reducing its stake by 7.3%, resulting in a total ownership of 186,880 shares worth approximately $18.27 million.
• Walmart's quarterly earnings report revealed an EPS of $0.68, missing the consensus estimate of $0.74, while revenue was $169.34 billion, below analyst expectations of $174.02 billion.
• Multiple institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have increased their stakes in Walmart during recent quarters, highlighting growing interest from the investment community.

Franklin Street Advisors Inc. NC lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,880 shares of the retailer's stock after selling 14,757 shares during the period. Franklin Street Advisors Inc. NC's holdings in Walmart were worth $18,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in WMT. Brighton Jones LLC lifted its holdings in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Mainstream Capital Management LLC raised its position in Walmart by 13.6% in the 1st quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer's stock worth $1,084,000 after purchasing an additional 1,474 shares during the period. Sard Wealth Management Group LLC increased its position in shares of Walmart by 10.2% during the first quarter. Sard Wealth Management Group LLC now owns 3,294 shares of the retailer's stock worth $289,000 after acquiring an additional 306 shares during the period. Finally, Constitution Capital LLC increased its position in shares of Walmart by 1.1% during the first quarter. Constitution Capital LLC now owns 95,151 shares of the retailer's stock worth $8,353,000 after acquiring an additional 1,035 shares during the period. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total transaction of $403,840.00. Following the completion of the transaction, the executive vice president directly owned 1,052,455 shares in the company, valued at $106,255,856.80. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the transaction, the executive vice president owned 932,313 shares of the company's stock, valued at $88,700,258.82. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,232 shares of company stock valued at $15,083,877. Company insiders own 0.10% of the company's stock.

Walmart Trading Up 0.4%

NYSE:WMT opened at $102.15 on Friday. Walmart Inc. has a 12 month low of $78.98 and a 12 month high of $106.11. The firm has a fifty day simple moving average of $100.77 and a 200-day simple moving average of $96.68. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $814.46 billion, a P/E ratio of 38.40, a PEG ratio of 4.81 and a beta of 0.67.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The company had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Tigress Financial raised their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Truist Financial reduced their target price on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Mizuho reaffirmed an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Wednesday, August 13th. Piper Sandler reissued an "overweight" rating and set a $111.00 price objective on shares of Walmart in a report on Wednesday, September 24th. Finally, Guggenheim reaffirmed a "buy" rating and set a $115.00 target price (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Thirty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $112.38.

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.