AMG National Trust Bank Boosts Stock Holdings in Walmart Inc. $WMT

Key Points

• AMG National Trust Bank increased its Walmart stake by 22.1% in Q1, buying 15,395 additional shares and bringing its total holding to 85,075 shares worth about $10.6 million.
• Walmart’s recent earnings showed continued strength, with revenue up 7.4% year over year to $177.75 billion and adjusted EPS of $0.66, matching analyst expectations. The company also raised its FY 2027 guidance.
• Analysts remain upbeat overall: several firms lifted price targets, and MarketBeat reports an average rating of “Moderate Buy” with a consensus target price of $138.85.

AMG National Trust Bank grew its position in Walmart Inc. (NASDAQ:WMT - Free Report) by 22.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,075 shares of the retailer's stock after purchasing an additional 15,395 shares during the period. AMG National Trust Bank's holdings in Walmart were worth $10,573,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Walmart during the first quarter valued at approximately $29,000. Entrust Financial LLC purchased a new position in Walmart in the fourth quarter worth $27,000. Beacon Financial Strategies CORP bought a new position in Walmart in the 4th quarter valued at $30,000. Bay Harbor Wealth Management LLC grew its stake in Walmart by 57.4% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock valued at $32,000 after purchasing an additional 105 shares during the period. Finally, Clayton Financial Group LLC increased its position in shares of Walmart by 193.0% during the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer's stock valued at $33,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Key Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart continues to benefit from strong momentum in higher-margin businesses such as advertising, membership, and e-commerce, which are growing faster than its core store operations and supporting the long-term growth story. Where Will Walmart Stock Be in 5 Years?
• Positive Sentiment: Walmart just announced its 53rd dividend increase, reinforcing its appeal as a defensive, income-producing stock for investors looking for steady cash returns. Walmart just declared its 53rd dividend increase
• Positive Sentiment: Recent coverage also highlights Walmart+ membership growth and faster delivery as drivers of recurring revenue and deeper customer engagement, which could help sustain sales momentum. Can Walmart+ Membership Keep WMT's Growth Momentum Alive?

Insiders Place Their Bets

In other news, EVP Latriece Watkins sold 11,000 shares of the firm's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the sale, the executive vice president owned 120,203 shares in the company, valued at approximately $14,300,550.91. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David W. Guggina sold 11,978 shares of Walmart stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the sale, the executive vice president directly owned 125,067 shares of the company's stock, valued at $14,985,527.94. This represents a 8.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 103,170 shares of company stock valued at $12,692,133 over the last three months. Corporate insiders own 0.09% of the company's stock.

Walmart Price Performance

Shares of NASDAQ WMT opened at $113.70 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a fifty-two week low of $94.43 and a fifty-two week high of $135.15. The stock has a market cap of $904.83 billion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 4.28 and a beta of 0.60. The stock has a fifty day moving average of $119.80 and a 200-day moving average of $122.07.

Walmart (NASDAQ:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting analysts' consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company had revenue of $177.75 billion during the quarter, compared to analyst estimates of $174.84 billion. During the same period last year, the business earned $0.61 earnings per share. Walmart's revenue was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on WMT. Guggenheim boosted their target price on shares of Walmart from $120.00 to $137.00 and gave the company a "buy" rating in a research note on Monday, April 13th. Morgan Stanley raised their price target on shares of Walmart from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 22nd. Freedom Capital raised shares of Walmart from a "strong sell" rating to a "hold" rating in a report on Thursday, May 21st. Evercore reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 18th. Finally, BNP Paribas Exane reduced their price objective on Walmart from $147.00 to $146.00 and set an "outperform" rating for the company in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $138.85.

Walmart Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.