Procyon Advisors LLC Reduces Stock Holdings in Walmart Inc. $WMT

Key Points

• Procyon Advisors LLC decreased its stake in Walmart by 49.6% during the 2nd quarter, now holding 18,530 shares valued at approximately $1.81 million.
• Several hedge funds, including Vanguard Group and Goldman Sachs, have increased their stakes in Walmart, with Vanguard owning over $37 billion in shares.
• Walmart recently reported EPS of $0.68 for the quarter, falling short of the expected $0.74, and provided a Q3 2026 EPS guidance range of 0.580-0.600.

Procyon Advisors LLC reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 49.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,530 shares of the retailer's stock after selling 18,252 shares during the period. Procyon Advisors LLC's holdings in Walmart were worth $1,812,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WMT. Vanguard Group Inc. increased its holdings in shares of Walmart by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock valued at $37,395,120,000 after acquiring an additional 3,224,154 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after acquiring an additional 7,706,201 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Walmart by 1.3% in the 1st quarter. Ameriprise Financial Inc. now owns 30,874,987 shares of the retailer's stock valued at $2,710,665,000 after acquiring an additional 387,424 shares during the period. Invesco Ltd. increased its holdings in shares of Walmart by 2.9% in the 1st quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock valued at $2,562,427,000 after acquiring an additional 823,020 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Walmart in the 1st quarter valued at $2,532,331,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WMT shares. Erste Group Bank raised shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group boosted their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Truist Financial dropped their price objective on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Telsey Advisory Group boosted their price objective on shares of Walmart from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. Finally, Guggenheim reissued a "buy" rating and issued a $115.00 price objective (up from $112.00) on shares of Walmart in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $110.76.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,610 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $103.71, for a total transaction of $166,973.10. Following the sale, the executive vice president directly owned 645,968 shares of the company's stock, valued at $66,993,341.28. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the sale, the executive vice president directly owned 919,189 shares in the company, valued at $90,586,075.95. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,232 shares of company stock worth $14,822,719 over the last three months. Company insiders own 0.10% of the company's stock.

Walmart Price Performance

Walmart stock opened at $103.40 on Wednesday. Walmart Inc. has a 52 week low of $77.49 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm's 50-day simple moving average is $98.93 and its 200 day simple moving average is $95.48. The firm has a market capitalization of $824.39 billion, a PE ratio of 38.87, a P/E/G ratio of 4.98 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last released 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 business had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.Walmart's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

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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