Putney Financial Group LLC Trims Holdings in Walmart Inc. $WMT

by · The Cerbat Gem

Putney Financial Group LLC reduced its stake in Walmart Inc. (NYSE:WMT – Free Report) by 17.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 777 shares of the retailer’s stock after selling 165 shares during the quarter. Putney Financial Group LLC’s holdings in Walmart were worth $76,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Amplius Wealth Advisors LLC boosted its position in shares of Walmart by 65.2% during the 2nd quarter. Amplius Wealth Advisors LLC now owns 6,066 shares of the retailer’s stock valued at $593,000 after acquiring an additional 2,393 shares during the last quarter. UNIVEST FINANCIAL Corp raised its stake in Walmart by 3.2% during the second quarter. UNIVEST FINANCIAL Corp now owns 50,074 shares of the retailer’s stock worth $4,896,000 after purchasing an additional 1,564 shares during the period. Simon Quick Advisors LLC boosted its holdings in Walmart by 165.8% in the 2nd quarter. Simon Quick Advisors LLC now owns 76,963 shares of the retailer’s stock valued at $7,525,000 after purchasing an additional 48,004 shares during the last quarter. Ledyard National Bank boosted its holdings in Walmart by 0.5% in the 2nd quarter. Ledyard National Bank now owns 49,467 shares of the retailer’s stock valued at $4,837,000 after purchasing an additional 232 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. grew its stake in shares of Walmart by 1.1% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 166,122 shares of the retailer’s stock valued at $16,243,000 after buying an additional 1,769 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $102.33 on Friday. The stock has a market capitalization of $815.82 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The business has a 50-day moving average of $102.37 and a 200 day moving average of $99.07. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $109.57.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly 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). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The business had revenue of $169.34 billion for the quarter, compared to analysts’ expectations of $174.02 billion. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. 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, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,550 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $107.46, for a total value of $166,563.00. Following the completion of the transaction, the executive vice president owned 644,418 shares of the company’s stock, valued at $69,249,158.28. This trade represents a 0.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $107.18, for a total transaction of $2,081,006.88. Following the completion of the transaction, the chief executive officer owned 4,354,162 shares of the company’s stock, valued at approximately $466,679,083.16. This trade represents a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 148,838 shares of company stock worth $15,309,020 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wolfe Research began coverage on Walmart in a report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price objective on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $111.00 price target (up previously from $110.00) on shares of Walmart in a research note on Tuesday, October 21st. Truist Financial cut their price objective on Walmart from $111.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $118.00 target price on shares of Walmart in a research report on Wednesday, September 24th. Finally, UBS Group reaffirmed a “buy” rating and set a $122.00 target price (up previously from $110.00) on shares of Walmart in a research note on Thursday, October 23rd. Thirty-one analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.40.

Check Out Our Latest Research Report on Walmart

About Walmart

(Free Report)

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.

See Also

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