AMG National Trust Bank Reduces Stake in Walmart Inc. $WMT

Key Points

• AMG National Trust Bank cut its Walmart stake by 17.9% in the second quarter, selling 15,218 shares and retaining 69,857 shares valued at approximately $7.9 million.
• Walmart beat quarterly expectations with adjusted EPS of $0.81 and revenue of $187.94 billion, up 5.9% year over year. However, weaker U.S. comparable-sales growth and below-consensus third-quarter guidance pressured the stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and average price target of $131.88, although several firms recently lowered their targets following the earnings report.

AMG National Trust Bank lowered its position in Walmart Inc. (NASDAQ:WMT - Free Report) by 17.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,857 shares of the retailer's stock after selling 15,218 shares during the period. AMG National Trust Bank's holdings in Walmart were worth $7,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WMT. MFA Wealth Services boosted its holdings in shares of Walmart by 0.7% during the 1st quarter. MFA Wealth Services now owns 10,909 shares of the retailer's stock valued at $1,356,000 after purchasing an additional 80 shares during the last quarter. Realta Investment Advisors lifted its holdings in Walmart by 2.0% during the 1st quarter. Realta Investment Advisors now owns 4,089 shares of the retailer's stock valued at $508,000 after buying an additional 81 shares in the last quarter. Compton Financial Group LLC raised its position in Walmart by 4.1% during the 1st quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer's stock valued at $259,000 after purchasing an additional 82 shares in the last quarter. Renaissance Group LLC lifted its stake in Walmart by 0.9% in the fourth quarter. Renaissance Group LLC now owns 9,636 shares of the retailer's stock worth $1,074,000 after acquiring an additional 83 shares during the period. Finally, Calton & Associates Inc. grew its holdings in Walmart by 0.3% during the 4th quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer's stock worth $3,033,000 after acquiring an additional 84 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Down 0.1%

WMT opened at $103.70 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23. The company's 50 day simple moving average is $113.35 and its two-hundred day simple moving average is $121.26. Walmart Inc. has a 1-year low of $95.42 and a 1-year high of $135.15. The firm has a market capitalization of $825.25 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 3.94 and a beta of 0.61.

Walmart (NASDAQ:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Walmart had a return on equity of 21.83% and a net margin of 3.00%.The business had revenue of $187.94 billion for the quarter, compared to analyst estimates of $186.64 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Analysts expect that Walmart Inc. will post 2.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent research reports. Citigroup reduced their price target on shares of Walmart from $147.00 to $132.00 and set a "buy" rating for the company in a report on Friday. Royal Bank Of Canada cut their price target on Walmart from $137.00 to $131.00 and set an "outperform" rating on the stock in a report on Friday. Piper Sandler reissued an "overweight" rating and issued a $128.00 price target (down from $137.00) on shares of Walmart in a research report on Friday. UBS Group reduced their price target on Walmart from $141.00 to $130.00 and set a "buy" rating for the company in a research report on Friday. Finally, Mizuho set a $130.00 price objective on Walmart in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $131.88.

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart reported adjusted earnings of $0.81 per share and revenue of $187.94 billion, beating consensus estimates of $0.74 and $186.62 billion, respectively. Revenue increased 5.9% year over year. Walmart earnings report
• Positive Sentiment: Growth businesses remain strong: global e-commerce sales rose 23%, advertising revenue increased 38%, and global membership revenue grew 17%. These trends support the long-term investment case despite slower core-store growth. Walmart second-quarter highlights
• Positive Sentiment: Walmart plans to use approximately $2.9 billion in tariff refunds to help lower prices, potentially strengthening its value proposition as consumers become more budget-conscious. The rollout of tap-to-pay, including Apple Pay and Google Pay, may also improve checkout convenience. Walmart tap to pay rollout
• Neutral Sentiment: Several analysts retained bullish ratings—including buy, outperform, and overweight—but lowered price targets after the earnings release. New targets range from $120 to $140, indicating analysts still see meaningful upside but have moderated their expectations.
• Negative Sentiment: U.S. comparable sales grew 2.6%, below expectations near 3.5%, marking Walmart’s weakest domestic comparable-sales growth in more than six years. Analysts cited weakness in health and wellness and questioned the trajectory of the core U.S. business.
• Negative Sentiment: Third-quarter guidance fell short of consensus: Walmart projected adjusted EPS of $0.62–$0.64 versus $0.68 expected and revenue of $183.1–$184.5 billion versus $188.2 billion expected. The timing of Flipkart’s promotional event is also expected to reduce quarterly sales growth by more than 100 basis points.
• Negative Sentiment: The stock’s elevated valuation increases sensitivity to any slowdown, while higher energy costs and consumer trade-offs are raising broader concerns about the health of U.S. retail spending.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 3,710 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $113.10, for a total transaction of $419,601.00. Following the transaction, the executive vice president owned 626,299 shares in the company, valued at $70,834,416.90. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of Walmart stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total value of $1,308,670.00. Following the transaction, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 57,064 shares of company stock worth $6,697,788. Insiders own 0.09% of the company's stock.

Walmart Company 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.

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