OLD Point Trust & Financial Services N A Sells 8,039 Shares of Walmart Inc. $WMT

OLD Point Trust & Financial Services N A lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 65.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,276 shares of the retailer's stock after selling 8,039 shares during the period. OLD Point Trust & Financial Services N A's holdings in Walmart were worth $418,000 as of its most recent filing with the SEC.

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

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $95.97, for a total value of $1,863,353.52. Following the completion of the sale, the chief executive officer owned 4,392,985 shares of the company's stock, valued at approximately $421,594,770.45. This trade represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Suresh Kumar sold 30,000 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the sale, the chief technology officer directly owned 1,787,200 shares in the company, valued at approximately $184,921,584. This trade represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 149,032 shares of company stock worth $14,860,951 over the last 90 days. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

WMT has been the topic of a number of recent research reports. Evercore ISI restated an "outperform" rating and issued a $110.00 target price (up previously from $108.00) on shares of Walmart in a report on Monday, August 18th. Royal Bank Of Canada restated an "outperform" rating and set a $106.00 price objective on shares of Walmart in a research note on Friday, August 22nd. Truist Financial lowered their target price on shares of Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Finally, KeyCorp increased their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Twenty-nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.38.

Walmart Stock Down 1.1%

WMT opened at $101.97 on Thursday. Walmart Inc. has a twelve month low of $78.98 and a twelve month high of $106.11. The company's 50-day moving average price is $100.58 and its two-hundred day moving average price is $96.40. The stock has a market cap of $812.99 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 4.86 and a beta of 0.67. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly 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 company had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. During the same period last year, the firm posted $0.67 EPS. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. 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 earnings per share for the current year.

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.