Patten & Patten Inc. TN Decreases Position in Walmart Inc. $WMT

Key Points

• Patten & Patten Inc. TN has reduced its position in Walmart Inc. by 2.5% in the second quarter, now holding 234,338 shares valued at approximately $22.91 million, making it the firm’s 12th largest position.
• A number of institutional investors, including Kingstone Capital Partners and Goldman Sachs, have significantly increased their stakes in Walmart, indicating a strong interest among big funds in the retailer.
• Walmart's stock performance has shown fluctuations with a 52-week low of $79.81 and a high of $109.56, while the company reported an EPS of $0.68 last quarter, missing estimates and setting Q3 2026 guidance at 0.580-0.600 EPS.

Patten & Patten Inc. TN trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,338 shares of the retailer's stock after selling 5,962 shares during the period. Walmart comprises approximately 1.5% of Patten & Patten Inc. TN's portfolio, making the stock its 12th largest position. Patten & Patten Inc. TN's holdings in Walmart were worth $22,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Kingstone Capital Partners Texas LLC lifted its stake in shares of 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 valued at $10,496,702,000 after acquiring an additional 104,488,610 shares during the last quarter. Nuveen LLC purchased a new position in Walmart in the 1st quarter worth approximately $2,532,331,000. Goldman Sachs Group Inc. increased 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 during the period. Wellington Management Group LLP lifted its position in Walmart by 527.1% in the first quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock valued at $591,620,000 after purchasing an additional 5,664,484 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in shares of Walmart by 28,684.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock valued at $371,295,000 after purchasing an additional 4,214,661 shares during the period. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,610 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $103.71, for a total transaction of $166,973.10. Following the transaction, the executive vice president owned 645,968 shares in the company, valued at $66,993,341.28. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $103.83, for a total value of $415,320.00. Following the transaction, the executive vice president directly owned 1,048,455 shares in the company, valued at $108,861,082.65. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,363 shares of company stock worth $13,668,438. 0.10% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of WMT opened at $109.05 on Thursday. Walmart Inc. has a fifty-two week low of $79.81 and a fifty-two week high of $109.56. The firm's 50-day simple moving average is $101.55 and its two-hundred day simple moving average is $97.61. The stock has a market cap of $869.45 billion, a PE ratio of 41.00, a price-to-earnings-growth ratio of 5.05 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 (NYSE:WMT - Get Free Report) last released its earnings results 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 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 revenue was up 4.8% compared to the same quarter last year. During the same period last 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. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WMT. 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 report on Wednesday, September 3rd. The Goldman Sachs Group increased their price target on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Walmart in a research report on Wednesday, October 8th. Guggenheim reaffirmed a "buy" rating and set a $115.00 price objective (up from $112.00) on shares of Walmart in a research note on Monday, August 18th. Finally, Oppenheimer raised their target price on Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Thirty-one investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $112.63.

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.

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