WASHINGTON TRUST Co Sells 6,460 Shares of Walmart Inc. $WMT

WASHINGTON TRUST Co decreased its position in Walmart Inc. (NYSE:WMT) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,999 shares of the retailer’s stock after selling 6,460 shares during the quarter. Walmart accounts for 1.0% of WASHINGTON TRUST Co’s portfolio, making the stock its 23rd largest position. WASHINGTON TRUST Co’s holdings in Walmart were worth $27,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after purchasing an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after buying an additional 485 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Walmart by 134.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 363,831 shares of the retailer’s stock worth $31,941,000 after acquiring an additional 1,418,368 shares during the last quarter. Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Walmart by 12.9% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 3,847 shares of the retailer’s stock worth $338,000 after purchasing an additional 440 shares during the period. Finally, Bryn Mawr Capital Management LLC bought a new stake in Walmart during the 1st quarter valued at about $523,000. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT traded down $0.19 during mid-day trading on Thursday, hitting $103.25. The company’s stock had a trading volume of 1,487,830 shares, compared to its average volume of 18,110,529. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $109.57. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $823.16 billion, a P/E ratio of 38.87, a P/E/G ratio of 4.83 and a beta of 0.67. The firm has a 50-day simple moving average of $103.33 and a 200 day simple moving average of $99.63.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company had revenue of $169.34 billion for the quarter, compared to analysts’ expectations of $174.02 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue 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. Analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WMT shares. Oppenheimer increased their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price target on Walmart from $127.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday. Mizuho reaffirmed an “outperform” rating and set a $115.00 price target on shares of Walmart in a research report on Wednesday, August 13th. Guggenheim reissued a “buy” rating and set a $115.00 price target (up from $112.00) on shares of Walmart in a report on Monday, August 18th. Finally, Erste Group Bank upgraded Walmart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Thirty-two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $113.50.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $107.18, for a total value of $2,081,006.88. Following the transaction, the chief executive officer directly owned 4,354,162 shares of the company’s stock, valued at $466,679,083.16. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $107.75, for a total value of $431,000.00. Following the sale, the executive vice president owned 1,044,455 shares of the company’s stock, valued at approximately $112,540,026.25. This trade represents a 0.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 151,038 shares of company stock worth $15,531,616. 0.10% of the stock is owned by insiders.

Walmart 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.