Community Bank N.A. Has $9.70 Million Stock Position in Walmart Inc. $WMT

Key Points

• Community Bank N.A. reduced its stake in Walmart Inc. by 7.5%, now holding 99,220 shares valued at approximately $9.70 million, making it the bank's 15th largest position.
• Several hedge funds increased their Walmart holdings in the second quarter, with Concord Asset Management boosting their position by 13.7%, now owning 27,864 shares.
• Walmart's CEO and EVP both sold shares recently, with the CEO selling 19,416 shares for about $2 million, while insiders have sold a total of 149,488 shares valued at nearly $15 million over the last three months.

Community Bank N.A. trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,220 shares of the retailer's stock after selling 8,005 shares during the quarter. Walmart makes up approximately 1.3% of Community Bank N.A.'s portfolio, making the stock its 15th largest position. Community Bank N.A.'s holdings in Walmart were worth $9,702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Heartland Bank & Trust Co boosted its holdings in shares of Walmart by 1.0% in the second quarter. Heartland Bank & Trust Co now owns 26,689 shares of the retailer's stock worth $2,610,000 after buying an additional 257 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Walmart by 1.1% in the second quarter. Verdence Capital Advisors LLC now owns 35,432 shares of the retailer's stock worth $3,464,000 after buying an additional 372 shares during the period. RoundAngle Advisors LLC boosted its holdings in shares of Walmart by 0.4% in the second quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer's stock worth $2,542,000 after buying an additional 105 shares during the period. Concord Asset Management LLC VA boosted its holdings in shares of Walmart by 13.7% in the second quarter. Concord Asset Management LLC VA now owns 27,864 shares of the retailer's stock worth $2,725,000 after buying an additional 3,348 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Walmart by 4.2% in the second quarter. Sequoia Financial Advisors LLC now owns 755,828 shares of the retailer's stock worth $73,905,000 after buying an additional 30,320 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total value of $2,003,925.36. Following the transaction, the chief executive officer owned 4,373,576 shares of the company's stock, valued at $451,396,778.96. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $103.74, for a total transaction of $1,361,587.50. Following the completion of the transaction, the executive vice president directly owned 906,064 shares in the company, valued at approximately $93,995,079.36. This represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,488 shares of company stock valued at $14,917,151. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on WMT shares. Evercore ISI restated an "outperform" rating and set a $110.00 price target (up from $108.00) on shares of Walmart in a report on Monday, August 18th. Tigress Financial raised their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Telsey Advisory Group restated an "outperform" rating and set a $118.00 price target on shares of Walmart in a report on Wednesday, September 24th. Oppenheimer raised their price target on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Walmart in a report on Wednesday, October 8th. Thirty-one investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $112.63.

Walmart Price Performance

NYSE WMT opened at $107.15 on Wednesday. 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 stock has a market capitalization of $854.27 billion, a PE ratio of 40.28, a price-to-earnings-growth ratio of 4.81 and a beta of 0.67. The company has a 50 day moving average price of $101.43 and a two-hundred day moving average price of $97.53. Walmart Inc. has a 12-month low of $79.81 and a 12-month high of $107.92.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). The business had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. Walmart's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. 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, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

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.

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