Rockland Trust Co. Has $10.19 Million Position in Walmart Inc. $WMT

Key Points

• Rockland Trust Co. reduced its stake in Walmart Inc. by 4.3% during Q2, selling 4,671 shares, now holding a total of 104,174 shares valued at $10,186,000.
• Walmart's shares opened at $103.69, with a current market capitalization of $826.70 billion, and a recent earnings report indicated an EPS of $0.68, missing expectations.
• Analysts are generally optimistic about Walmart, with a consensus rating of "Buy" and a price target of $112.03, reflecting confidence in the company's growth potential.

Rockland Trust Co. trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,174 shares of the retailer's stock after selling 4,671 shares during the quarter. Rockland Trust Co.'s holdings in Walmart were worth $10,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Operose Advisors LLC lifted its stake in shares of Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after buying an additional 243 shares during the period. Bear Mountain Capital Inc. increased its position in Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart during the first quarter worth approximately $35,000. Finally, Lipe & Dalton increased its position in Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WMT shares. Wolfe Research started coverage on shares of Walmart in a research report on Thursday. They set an "outperform" rating and a $129.00 price target for the company. 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. Evercore ISI reissued an "outperform" rating and issued a $110.00 price objective (up previously from $108.00) on shares of Walmart in a research report on Monday, August 18th. Oppenheimer increased their price objective 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. Finally, Truist Financial dropped their price objective on shares of Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $112.03.

Walmart Stock Performance

Shares of Walmart stock traded up $0.46 during trading hours on Monday, reaching $102.79. The company's stock had a trading volume of 12,856,457 shares, compared to its average volume of 16,199,768. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart Inc. has a one year low of $78.98 and a one year high of $106.11. The company's 50 day simple moving average is $99.54 and its 200 day simple moving average is $95.72. The stock has a market cap of $819.53 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 4.82 and a beta of 0.65.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share 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 during the quarter, compared to analyst estimates of $174.02 billion. During the same period last year, the business earned $0.67 EPS. The firm'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 expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total transaction of $403,840.00. Following the transaction, the executive vice president owned 1,052,455 shares of the company's stock, valued at approximately $106,255,856.80. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer directly owned 4,412,398 shares in the company, valued at $421,737,000.84. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,232 shares of company stock worth $14,960,635 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

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.