Patten Group Inc. Decreases Stock Holdings in Walmart Inc. $WMT

Key Points

• Patten Group Inc. decreased its stock holdings in Walmart Inc. by 9.9%, now owning 22,913 shares valued at $2.24 million.
• Analysts have upgraded Walmart's stock target prices, with Oppenheimer raising it to $115, while 31 analysts rated it as a Buy.
• Walmart's most recent earnings report showed EPS of $0.68, missing expectations, with revenue of $169.34 billion compared to a forecast of $174.02 billion.

Patten Group Inc. trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,913 shares of the retailer's stock after selling 2,518 shares during the quarter. Patten Group Inc.'s holdings in Walmart were worth $2,240,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Walmart by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after purchasing an additional 3,224,154 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its stake in Walmart by 397,264.9% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock worth $10,496,702,000 after purchasing an additional 104,488,610 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after purchasing an additional 7,706,201 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Walmart by 1.3% in the 1st quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock worth $2,710,665,000 after purchasing an additional 387,424 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Walmart by 2.9% in the 1st quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after purchasing an additional 823,020 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMT. Oppenheimer raised their target price on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Sanford C. Bernstein set a $117.00 target price on shares of Walmart and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Piper Sandler reiterated an "overweight" rating and issued a $111.00 price objective on shares of Walmart in a report on Wednesday, September 24th. DA Davidson set a $117.00 price objective on Walmart in a report on Wednesday, October 15th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $111.00 price objective (up from $110.00) on shares of Walmart in a report on Tuesday. Thirty-one analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and a consensus price target of $112.67.

Walmart Trading Down 0.7%

WMT opened at $106.30 on Wednesday. The stock has a market capitalization of $847.51 billion, a PE ratio of 39.96, a P/E/G ratio of 5.04 and a beta of 0.67. 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 Inc. has a one year low of $79.81 and a one year high of $109.57. The business's 50 day moving average price is $101.80 and its 200 day moving average price is $98.22.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The firm had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. As a group, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,550 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $107.46, for a total value of $166,563.00. Following the sale, the executive vice president owned 644,418 shares of the company's stock, valued at $69,249,158.28. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total value of $2,003,925.36. Following the completion of the sale, the chief executive officer directly owned 4,373,576 shares in the company, valued at approximately $451,396,778.96. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,038 shares of company stock valued at $14,869,054 over the last quarter. 0.10% of the stock is owned by corporate insiders.

About Walmart

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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