Smith Chas P & Associates PA Cpas Sells 338,827 Walmart Shares

Smith Chas P & Associates PA Cpas substantially reduced its holdings in Walmart Inc., selling roughly 338,827 shares and cutting the firm’s stake by about 42.6%, a change disclosed in a filing published March 4, 2026. The document is described in the disclosure as a standard Form 13F showing a quarter-end shift in institutional holdings.

That cut sits alongside other institutional moves in recent weeks. A Form 13F summary shows Argent Trust Co trimmed its Walmart position by 1.9% in the third quarter, selling 8,849 shares and ending the period with 461,627 shares valued at $47,575,000. The filing notes Walmart comprised approximately 1.7% of Argent Trust Co’s portfolio and was the firm’s seventh largest holding.

Insider trading filings and summaries recorded additional activity in late February. One filing shows CEO John R. Furner sold 13,125 shares on Thursday, February 19 at an average price of $129.10 for $1,694,437.50, leaving him with 591,084 shares valued at $76,308,944.40 and reducing his position by 2.17%. Another filing shows executive vice president Christopher James Nicholas sold 34,082 shares on Friday, February 20 at an average price of $122.00 for $4,158,004.00. Filing summaries add that "In the last quarter, insiders have sold 261,903 shares of company stock valued at $31,829,749. Insiders own 0.10% of the company's stock."

Form 4 activity recorded in late February also included larger open-market dispositions. One filing aggregate lists 1,723,236 Walmart common shares sold in open-market transactions across three Form 4 entries coded "S," with weighted average sale prices in the $127 to $128 per-share range. Separately, Walton Family Holdings Trust reported a 303,000-share transaction described as a distribution for no consideration to a beneficiary and coded "J" as an other acquisition or disposition; those trades were executed in multiple trades at prices ranging from $128.00 to $128.54. As one filing note states, "The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected."

Those itemized moves fit into a broader institutional picture. A recent ownership snapshot shows 51.44% of Walmart is owned by institutions and that 5,181 institutional shareholders hold the stock. The same summary reports institutions bought 428.9 million shares of WMT in the last quarter and sold 435 million shares over the same period.

Taken together, the March 4 Form 13F from Smith Chas P & Associates and the late-February Form 4 filings show simultaneous institutional rebalancing and insider sales concentrated around mid- to late-February, with reported sale prices in filings ranging roughly from $122.00 to $129.10 per share. Those filings establish the mechanics of recent ownership shifts and leave Walmart’s share register more widely reallocated as the company moves into the next reporting window.