Walmart Inc. $WMT Holdings Increased by Trust Point Inc.

Key Points

• Trust Point Inc. increased its holdings in Walmart by 12.7% during Q2, owning a total of 60,344 shares valued at approximately $5.9 million.
• Walmart's stock has received several analyst upgrades, with KeyCorp raising its price target from $105 to $110, and multiple analysts rating the stock as a "Buy."
• Walmart reported $0.68 earnings per share for the last quarter, missing estimates, while its revenue was $169.34 billion, which was also below expectations.

Trust Point Inc. raised its stake in Walmart Inc. (NYSE:WMT - Free Report) by 12.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,344 shares of the retailer's stock after buying an additional 6,789 shares during the period. Walmart makes up approximately 0.6% of Trust Point Inc.'s holdings, making the stock its 26th largest holding. Trust Point Inc.'s holdings in Walmart were worth $5,900,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Operose Advisors LLC grew its position in shares of Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after purchasing an additional 243 shares during the last quarter. Bear Mountain Capital Inc. grew its position in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after purchasing an additional 294 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $35,000. Finally, Lipe & Dalton grew its position in shares of Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $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.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $98.55, for a total value of $1,293,468.75. Following the completion of the transaction, the executive vice president directly owned 919,189 shares of the company's stock, valued at approximately $90,586,075.95. The trade was a 1.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,610 shares of Walmart stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $103.71, for a total transaction of $166,973.10. Following the completion of the transaction, the executive vice president directly owned 645,968 shares of the company's stock, valued at $66,993,341.28. This trade represents a 0.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,107 shares of company stock worth $13,183,727 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the topic of several research reports. JPMorgan Chase & Co. lowered their price target on shares of Walmart from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $106.00 target price on shares of Walmart in a research report on Friday, August 22nd. KeyCorp raised their target price on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, Oppenheimer lifted their price target on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $112.03.

Walmart Trading Down 1.2%

Shares of WMT stock traded down $1.20 during mid-day trading on Friday, reaching $102.40. The company's stock had a trading volume of 34,721,159 shares, compared to its average volume of 16,094,947. Walmart Inc. has a 12-month low of $78.11 and a 12-month high of $106.11. The firm has a market capitalization of $816.42 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 4.88 and a beta of 0.65. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The company's 50 day simple moving average is $99.40 and its 200-day simple moving average is $95.64.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $174.02 billion. During the same period last year, the firm earned $0.67 EPS. The business's quarterly 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. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal 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.