Tompkins Financial Corp Has $24.26 Million Stock Position in Walmart Inc. (NYSE:WMT)

Tompkins Financial Corp trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 276,311 shares of the retailer's stock after selling 5,266 shares during the quarter. Walmart accounts for about 2.3% of Tompkins Financial Corp's investment portfolio, making the stock its 10th biggest position. Tompkins Financial Corp's holdings in Walmart were worth $24,257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whelan Financial grew its stake in Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after purchasing an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after buying an additional 98 shares during the last quarter. Coyle Financial Counsel LLC lifted its holdings in Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after buying an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. grew its position in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after acquiring an additional 103 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC increased its holdings in shares of Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after acquiring an additional 106 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,334 shares of company stock worth $12,615,864 in the last 90 days. Insiders own 45.58% of the company's stock.

Walmart Trading Up 1.5%

WMT traded up $1.47 during trading on Friday, hitting $98.57. 29,968,085 shares of the stock traded hands, compared to its average volume of 17,929,072. The firm has a market capitalization of $788.65 billion, a P/E ratio of 40.90, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 12-month low of $64.16 and a 12-month high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a 50-day moving average of $93.46 and a 200 day moving average of $93.36.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 40.17%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WMT shares. Evercore ISI dropped their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada reiterated an "outperform" rating and set a $102.00 price target on shares of Walmart in a research report on Friday, May 16th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Truist Financial upped their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus cut their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.94.

Walmart Company Profile

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.