Riverview Trust Co Cuts Stock Position in Walmart Inc. $WMT

Key Points

• Riverview Trust Co significantly reduced its stake in Walmart Inc. by 83.4%, owning only 786 shares after divesting 3,958 shares during the 2nd quarter.
• Walmart reported an EPS of $0.68 for the last quarter, which was below the consensus estimate of $0.74, despite a 4.8% year-over-year revenue increase.
• Analysts have varying target prices for Walmart, with a consensus average target of $112.38 and most analysts rating it a "Buy."

Riverview Trust Co lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 83.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 786 shares of the retailer's stock after selling 3,958 shares during the quarter. Riverview Trust Co's holdings in Walmart were worth $77,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Bedel Financial Consulting Inc. raised its stake in shares of Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after acquiring an additional 102 shares in the last quarter. Scott & Selber Inc. grew its position in Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after purchasing an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC grew its position in 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 during the last quarter. Lauterbach Financial Advisors LLC grew its position in 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 during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC grew its position 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 worth $685,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $102.15 on Friday. 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 Inc. has a 12 month low of $78.98 and a 12 month high of $106.11. The company has a 50 day simple moving average of $100.77 and a two-hundred day simple moving average of $96.61. The stock has a market cap of $814.46 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 4.79 and a beta of 0.67.

Walmart (NYSE:WMT - Get Free Report) last announced 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). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The business's revenue 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, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total value of $403,840.00. Following the completion of the transaction, the executive vice president directly owned 1,052,455 shares in the company, valued at $106,255,856.80. The trade was a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the transaction, the chief executive officer owned 4,392,985 shares of the company's stock, valued at approximately $421,594,770.45. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,232 shares of company stock valued at $15,083,877. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WMT has been the topic of several research analyst reports. Tigress Financial boosted their target price on shares of Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Telsey Advisory Group reissued an "outperform" rating and set a $118.00 target price on shares of Walmart in a research report on Wednesday, September 24th. Truist Financial dropped their target price on shares of Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Guggenheim reissued a "buy" rating and set a $115.00 target price (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Finally, Oppenheimer lifted their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Thirty equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $112.38.

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.

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