First National Bank of Mount Dora Trust Investment Services Trims Holdings in Walmart Inc. $WMT

Key Points

• First National Bank of Mount Dora Trust Investment Services reduced its Walmart stake by 14.7% in the first quarter, selling 14,471 shares and retaining 83,957 shares valued at approximately $10.4 million.
• Analysts remain broadly positive on Walmart, with a consensus “Moderate Buy” rating and an average price target of $138.56; 31 analysts rate the stock a Buy, one rates it a Strong Buy, and four recommend holding.
• Walmart’s latest quarter showed 7.4% year-over-year revenue growth to $177.75 billion, while earnings of $0.66 per share matched expectations; the stock recently opened at $111.20, below the analyst consensus target.

First National Bank of Mount Dora Trust Investment Services trimmed its stake in shares of Walmart Inc. (NASDAQ:WMT - Free Report) by 14.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,957 shares of the retailer's stock after selling 14,471 shares during the quarter. Walmart accounts for about 2.3% of First National Bank of Mount Dora Trust Investment Services' holdings, making the stock its 11th largest position. First National Bank of Mount Dora Trust Investment Services' holdings in Walmart were worth $10,434,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Merkkuri Wealth Advisors LLC bought a new stake in shares of Walmart during the first quarter valued at about $29,000. Entrust Financial LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $27,000. Bay Harbor Wealth Management LLC boosted its position in shares of Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer's stock valued at $32,000 after acquiring an additional 105 shares during the period. Clayton Financial Group LLC boosted its position in shares of Walmart by 193.0% in the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer's stock valued at $33,000 after acquiring an additional 193 shares during the period. Finally, Sankala Group LLC purchased a new position in Walmart during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WMT shares. Weiss Ratings lowered shares of Walmart from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. Guggenheim raised their price target on shares of Walmart from $120.00 to $137.00 and gave the company a "buy" rating in a report on Monday, April 13th. Morgan Stanley boosted their price target on shares of Walmart from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Wednesday, April 22nd. BNP Paribas Exane decreased their price target on shares of Walmart from $147.00 to $146.00 and set an "outperform" rating on the stock in a report on Friday, May 22nd. Finally, KeyCorp reiterated an "overweight" rating on shares of Walmart in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.56.

Walmart Stock Performance

Shares of Walmart stock opened at $111.20 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $95.42 and a 1 year high of $135.15. The firm has a market cap of $884.94 billion, a PE ratio of 39.02, a PEG ratio of 4.15 and a beta of 0.61. The company has a 50 day simple moving average of $115.17 and a two-hundred day simple moving average of $121.96.

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP David W. Guggina sold 11,978 shares of the firm's stock in a transaction dated 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 owned 125,067 shares in the company, valued at $14,985,527.94. This trade represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel J. Bartlett sold 3,775 shares of the company's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total value of $413,891.00. Following the completion of the transaction, the executive vice president owned 630,009 shares of the company's stock, valued at $69,074,186.76. The trade was a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 67,729 shares of company stock valued at $8,124,931. 0.09% of the stock is currently owned by company insiders.

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.

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