FARMERS & MERCHANTS TRUST Co OF LONG BEACH Acquires 8,699 Shares of Walmart Inc. $WMT

Key Points

• Farmers & Merchants Trust Co of Long Beach increased its stake in Walmart Inc. by 20.1%, now owning 51,905 shares valued at approximately $5.1 million, making it the 23rd largest position in their portfolio.
• Several institutional investors have significantly increased their investments in Walmart, with Kingstone Capital Partners growing its stake by an astounding 397,264.9% during the second quarter.
• Walmart recently reported earnings of $0.68 per share, missing estimates, with a net revenue of $169.34 billion for the quarter, compared to expectations of $174.02 billion.

FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 20.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,905 shares of the retailer's stock after purchasing an additional 8,699 shares during the quarter. Walmart comprises about 1.1% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH's investment portfolio, making the stock its 23rd biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Walmart were worth $5,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its stake in Walmart by 397,264.9% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock valued at $10,496,702,000 after buying an additional 104,488,610 shares during the last quarter. Nuveen LLC acquired a new position in Walmart in the 1st quarter valued at $2,532,331,000. Goldman Sachs Group Inc. grew its stake in Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after buying an additional 7,706,201 shares during the last quarter. Wellington Management Group LLP grew its stake in Walmart by 527.1% in the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock valued at $591,620,000 after buying an additional 5,664,484 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in Walmart by 28,684.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock valued at $371,295,000 after buying an additional 4,214,661 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the transaction, the executive vice president directly owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Suresh Kumar sold 30,000 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the transaction, the chief technology officer directly owned 1,787,200 shares of the company's stock, valued at approximately $184,921,584. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,032 shares of company stock valued at $14,860,951. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WMT shares. Wolfe Research started coverage on shares of Walmart in a research note on Thursday, September 18th. They issued an "outperform" rating and a $129.00 target price on the stock. KeyCorp raised their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Oppenheimer raised their price target on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Sanford C. Bernstein set a $117.00 price target on shares of Walmart and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Finally, Piper Sandler restated an "overweight" rating and issued a $111.00 price target on shares of Walmart in a research report on Wednesday, September 24th. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $112.38.

Walmart Price Performance

Shares of Walmart stock opened at $103.01 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The firm's 50-day simple moving average is $100.30 and its 200-day simple moving average is $96.31. Walmart Inc. has a twelve month low of $78.98 and a twelve month high of $106.11. The firm has a market cap of $821.28 billion, a P/E ratio of 38.73, a price-to-earnings-growth ratio of 4.86 and a beta of 0.65.

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