Community Trust & Investment Co. Sells 8,935 Shares of Walmart Inc. $WMT

Key Points

• Community Trust & Investment Co. reduced its stake in Walmart by 2.9% in Q2, holding $29.01 million in shares, which comprise 1.7% of its total investments.
• Walmart reported quarterly earnings of $0.68 per share, missing estimates, with revenue of $169.34 billion, below the consensus of $174.02 billion.
• Several research firms have set new price targets for Walmart's stock, with Sanford C. Bernstein setting a target of $117.00 and maintaining an "outperform" rating.

Community Trust & Investment Co. decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 296,702 shares of the retailer's stock after selling 8,935 shares during the quarter. Walmart makes up approximately 1.7% of Community Trust & Investment Co.'s portfolio, making the stock its 11th largest holding. Community Trust & Investment Co.'s holdings in Walmart were worth $29,012,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bedel Financial Consulting Inc. lifted its holdings in shares of Walmart by 0.4% during the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after acquiring an additional 102 shares during the period. Scott & Selber Inc. lifted its stake in Walmart by 3.7% in the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC raised its stake in shares of Walmart by 1.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after purchasing an additional 105 shares in the last quarter. Lauterbach Financial Advisors LLC raised its stake in shares of Walmart by 1.8% during the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after purchasing an additional 106 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC raised its stake in Walmart by 1.4% in the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,799 shares of the retailer's stock valued at $685,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Down 1.2%

WMT traded down $1.20 on Friday, hitting $102.40. The company had a trading volume of 34,721,159 shares, compared to its average volume of 16,094,947. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The firm has a market capitalization of $816.42 billion, a P/E ratio of 38.50, a P/E/G ratio of 4.88 and a beta of 0.65. The stock has a fifty day simple moving average of $99.40 and a 200-day simple moving average of $95.64. Walmart Inc. has a 52-week low of $78.11 and a 52-week high of $106.11.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. 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 expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $100.96, for a total value of $403,840.00. Following the transaction, the executive vice president directly owned 1,052,455 shares of the company's stock, valued at approximately $106,255,856.80. This trade represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the sale, the executive vice president owned 932,313 shares of the company's stock, valued at $88,700,258.82. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 134,107 shares of company stock worth $13,183,727. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Sanford C. Bernstein set a $117.00 price objective on Walmart and gave the company an "outperform" rating in a report on Friday, August 22nd. The Goldman Sachs Group raised their price objective on Walmart from $101.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Evercore ISI restated an "outperform" rating and set a $110.00 price objective (up from $108.00) on shares of Walmart in a research report on Monday, August 18th. Telsey Advisory Group boosted their price target on Walmart from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. Finally, Tigress Financial raised their price objective on Walmart from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Buy" and an average target price of $112.03.

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.