Patriot Financial Group Insurance Agency LLC Purchases 22,130 Shares of Walmart Inc. $WMT

Key Points

• Patriot Financial Group Insurance Agency LLC increased its Walmart stake by 44.4% in the first quarter, buying 22,130 additional shares. The firm now owns 71,930 shares valued at about $8.94 million.
• Other institutional investors have also been adding to Walmart, and institutions now own 26.76% of the company. This suggests continued professional investor interest in the retailer.
• Wall Street sentiment remains broadly positive, with Walmart carrying a Moderate Buy consensus and an average price target of $138.85. Recent analyst notes included reaffirmed buy-equivalent ratings and targets as high as $150.

Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 44.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,930 shares of the retailer's stock after purchasing an additional 22,130 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Walmart were worth $8,939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Merkkuri Wealth Advisors LLC bought a new position in Walmart in the 1st quarter worth about $29,000. Entrust Financial LLC bought a new stake in shares of Walmart during the fourth quarter valued at about $27,000. Beacon Financial Strategies CORP bought a new stake in shares of Walmart during the fourth quarter valued at about $30,000. Bay Harbor Wealth Management LLC lifted its holdings in shares of Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock worth $32,000 after buying an additional 105 shares in the last quarter. Finally, Clayton Financial Group LLC lifted its holdings in shares of Walmart by 193.0% in the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer's stock worth $33,000 after buying an additional 193 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WMT. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, June 8th. KeyCorp reiterated an "overweight" rating on shares of Walmart in a research note on Friday, May 22nd. Freedom Capital raised shares of Walmart from a "strong sell" rating to a "hold" rating in a report on Thursday, May 21st. TD Cowen restated a "buy" rating and set a $150.00 price target (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Finally, Craig Hallum set a $150.00 price target on shares of Walmart in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $138.85.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart said usage of its AI assistant Sparky has doubled, and the tool appears to be helping drive larger digital baskets, which supports the company’s omnichannel growth story. Walmart's Sparky Usage Doubles: Is AI Driving Bigger Orders?
• Positive Sentiment: Walmart+ fuel discounts remain a popular membership perk, highlighting continued engagement with the subscription program and potential support for retention and recurring revenue. Walmart+ Executive Says Fuel Discounts Supercharge Member Engagement
• Positive Sentiment: Walmart is expanding in-house career pathways to train opticians, a move that could ease labor shortages in its Vision Center and Sam’s Club optical businesses while supporting service expansion. Walmart Expands In-House Career Pathways to Train Opticians
• Neutral Sentiment: Walmart is drawing elevated investor attention, but the coverage mainly reflects renewed interest rather than a clear new fundamental driver. Walmart Inc. (WMT) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Recent commentary notes Walmart’s shares are being compared with peers like Costco, underscoring that investors are still debating the best retail valuation and growth mix rather than reacting to a company-specific shock. Walmart vs Costco: This Is The Better Stock To Buy
• Negative Sentiment: One article says Walmart’s valuation remains rich relative to its growth outlook, which may be pressuring the stock as investors question how much upside is left at current levels. Walmart (WMT) Stock Weighs Rich Valuation Against E-Commerce And Store Investment Potential
• Negative Sentiment: The stock also slipped in the latest session despite a broader market uptick, reinforcing near-term selling pressure. Walmart (WMT) Stock Falls Amid Market Uptick: What Investors Need to Know

Insider Buying and Selling at Walmart

In other Walmart news, EVP Christopher James Nicholas sold 2,900 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $118.19, for a total value of $342,751.00. Following the completion of the sale, the executive vice president owned 574,953 shares of the company's stock, valued at $67,953,695.07. This represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the transaction, the executive vice president owned 125,067 shares in the company, valued at $14,985,527.94. The trade was a 8.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 100,730 shares of company stock valued at $12,444,624. 0.09% of the stock is currently owned by company insiders.

Walmart Price Performance

WMT stock opened at $113.26 on Wednesday. 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 Inc. has a one year low of $94.23 and a one year high of $135.15. The stock has a market cap of $901.33 billion, a PE ratio of 39.74, a P/E/G ratio of 4.27 and a beta of 0.59. The firm has a 50 day simple moving average of $123.25 and a two-hundred day simple moving average of $122.22.

Walmart (NASDAQ:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $174.84 billion. During the same quarter last year, the company posted $0.61 EPS. The business's quarterly revenue 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. On average, analysts predict that Walmart Inc. will post 2.89 EPS for the current fiscal year.

About Walmart

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.

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