Pitti Group Wealth Management LLC Raises Stake in Walmart Inc. $WMT

Pitti Group Wealth Management LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,488 shares of the retailer’s stock after purchasing an additional 267 shares during the period. Pitti Group Wealth Management LLC’s holdings in Walmart were worth $341,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WMT. Cora Capital Advisors LLC lifted its position in shares of Walmart by 10.5% in the second quarter. Cora Capital Advisors LLC now owns 2,704 shares of the retailer’s stock valued at $264,000 after acquiring an additional 257 shares in the last quarter. Well Done LLC raised its stake in Walmart by 5.9% during the 2nd quarter. Well Done LLC now owns 10,601 shares of the retailer’s stock valued at $1,037,000 after purchasing an additional 586 shares during the period. Santori & Peters Inc. purchased a new position in Walmart in the 2nd quarter worth approximately $214,000. Harrell Investment Partners LLC lifted its holdings in Walmart by 11.6% in the 2nd quarter. Harrell Investment Partners LLC now owns 116,913 shares of the retailer’s stock worth $11,432,000 after purchasing an additional 12,139 shares in the last quarter. Finally, Signet Financial Management LLC lifted its holdings in Walmart by 8.2% in the 2nd quarter. Signet Financial Management LLC now owns 2,583 shares of the retailer’s stock worth $253,000 after purchasing an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total value of $403,840.00. Following the transaction, the executive vice president owned 1,052,455 shares of the company’s stock, valued at $106,255,856.80. The trade was a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president directly owned 623,918 shares in the company, valued at $60,750,895.66. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,816 shares of company stock valued at $13,073,594 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Walmart Trading Up 0.2%

WMT stock opened at $102.71 on Thursday. Walmart Inc. has a twelve month low of $78.98 and a twelve month high of $106.11. The stock has a market capitalization of $818.88 billion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 4.83 and a beta of 0.65. 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 fifty day simple moving average is $99.84 and its two-hundred day simple moving average is $95.81.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm had revenue of $169.34 billion during the quarter, compared to analysts’ expectations of $174.02 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. Walmart’s quarterly revenue was up 4.8% compared to the same quarter last year. 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, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $106.00 price objective on shares of Walmart in a report on Friday, August 22nd. KeyCorp raised their target price on shares of Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. The Goldman Sachs Group lifted their price target on shares of Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Erste Group Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Guggenheim restated a “buy” rating and set a $115.00 price objective (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.38.

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.