Fulton Bank N.A. Has $5.21 Million Position in Walmart Inc. $WMT

Key Points

• Fulton Bank N.A. reduced its stake in Walmart Inc. by 4.8%, selling 2,659 shares, leaving them with 53,270 shares valued at approximately $5.21 million.
• Several institutional investors made significant changes to their positions in Walmart during the 2nd quarter, suggesting a mixed sentiment in ownership trends.
• Walmart reported earnings per share (EPS) of $0.68 for the last quarter, missing analysts' expectations, while the firm's revenue was $169.34 billion, below the anticipated $174.02 billion.

Fulton Bank N.A. lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,270 shares of the retailer's stock after selling 2,659 shares during the period. Fulton Bank N.A.'s holdings in Walmart were worth $5,209,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Ally Financial Inc. acquired a new stake in shares of Walmart during the first quarter worth $2,107,000. Night Squared LP bought a new position in Walmart during the first quarter worth $1,052,000. Gerber Kawasaki Wealth & Investment Management increased its holdings in Walmart by 34.6% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer's stock valued at $3,355,000 after buying an additional 9,831 shares during the period. Monument Capital Management grew its holdings in shares of Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after purchasing an additional 26,685 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Walmart by 11.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer's stock worth $698,787,000 after purchasing an additional 838,689 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $98.55, for a total transaction of $1,293,468.75. Following the transaction, the executive vice president owned 919,189 shares of the company's stock, valued at approximately $90,586,075.95. This trade represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the sale, the chief executive officer owned 4,392,985 shares in the company, valued at approximately $421,594,770.45. This trade represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,107 shares of company stock worth $13,183,727 in the last quarter. Insiders own 0.10% of the company's stock.

Walmart Trading Down 1.2%

WMT stock traded down $1.20 during midday trading on Friday, hitting $102.40. 34,721,159 shares of the company's stock were exchanged, compared to its average volume of 16,094,947. The stock has a market capitalization of $816.42 billion, a PE ratio of 38.50, a P/E/G ratio of 4.82 and a beta of 0.65. The business has a 50-day simple moving average of $99.40 and a two-hundred day simple moving average of $95.64. Walmart Inc. has a 1-year low of $78.11 and a 1-year high of $106.11. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Truist Financial dropped their price objective on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Bank of America boosted their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday. Guggenheim reissued a "buy" rating and issued a $115.00 target price (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Wolfe Research assumed coverage on shares of Walmart in a research report on Thursday. They issued an "outperform" rating and a $129.00 target price for the company. Finally, Sanford C. Bernstein set a $117.00 price objective on shares of Walmart and gave the stock an "outperform" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $112.03.

About Walmart

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.