Patriot Financial Group Insurance Agency LLC Decreases Stock Holdings in Walmart Inc. $WMT

Key Points

• Patriot Financial Group Insurance Agency LLC reduced its stock holdings in Walmart Inc. by 8.3%, ending the period with 43,999 shares worth approximately $4.3 million.
• Multiple hedge funds have increased their positions in Walmart, with notable increases from Brighton Jones LLC at 28.8% and Mainstream Capital Management LLC at 13.6%.
• Walmart reported earnings per share (EPS) of $0.68 for the quarter, missing the consensus estimate of $0.74, with quarterly revenue of $169.34 billion.

Patriot Financial Group Insurance Agency LLC decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,999 shares of the retailer's stock after selling 3,957 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Walmart were worth $4,302,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares during the period. Mainstream Capital Management LLC increased its position in shares of Walmart by 13.6% during the first quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer's stock valued at $1,084,000 after buying an additional 1,474 shares during the period. Chesley Taft & Associates LLC increased its position in shares of Walmart by 11.8% during the first quarter. Chesley Taft & Associates LLC now owns 5,306 shares of the retailer's stock valued at $466,000 after buying an additional 558 shares during the period. Finally, Annex Advisory Services LLC increased its position in shares of Walmart by 4.0% during the first quarter. Annex Advisory Services LLC now owns 16,938 shares of the retailer's stock valued at $1,487,000 after buying an additional 650 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the transaction, the chief executive officer directly owned 4,392,985 shares of the company's stock, valued at $421,594,770.45. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred 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 directly owned 932,313 shares of the company's stock, valued at $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,232 shares of company stock valued at $15,083,877 over the last ninety days. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WMT shares. Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the company an "outperform" rating in a research report on Friday, August 22nd. Mizuho reissued an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Walmart in a research note on Saturday, September 27th. Telsey Advisory Group reissued an "outperform" rating and set a $118.00 price objective on shares of Walmart in a research note on Wednesday, September 24th. Finally, Evercore ISI reissued an "outperform" rating and set a $110.00 price objective (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. Thirty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $112.38.

Walmart Trading Up 0.4%

Shares of NYSE WMT opened at $102.15 on Friday. The firm's 50 day moving average price is $100.77 and its 200-day moving average price is $96.61. The company has a market cap of $814.46 billion, a PE ratio of 38.40, a P/E/G ratio of 4.79 and a beta of 0.67. Walmart Inc. has a 52-week low of $78.98 and a 52-week high of $106.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $169.34 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $0.67 EPS. 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 expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

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.

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