Mechanics Bank Trust Department Decreases Stock Holdings in Walmart Inc. $WMT

Key Points

• Mechanics Bank Trust Department reduced its stake in Walmart Inc. by 23.2%, selling 21,273 shares during the 2nd quarter and leaving it with 70,579 shares valued at approximately $6.9 million.
• Walmart’s stock has received positive ratings from multiple analysts, with a consensus price target of $112.03, indicating strong market confidence despite a recent earnings miss.
• CEO C. Douglas McMillon sold 19,416 shares of Walmart stock worth over $1.86 million, marking a decrease in his ownership interest in the company.

Mechanics Bank Trust Department lessened its stake in Walmart Inc. (NYSE:WMT - Free Report) by 23.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,579 shares of the retailer's stock after selling 21,273 shares during the period. Walmart comprises about 1.0% of Mechanics Bank Trust Department's holdings, making the stock its 28th largest holding. Mechanics Bank Trust Department's holdings in Walmart were worth $6,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. Kingstone Capital Partners Texas LLC raised its stake in shares of Walmart by 397,264.9% during the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer's stock valued at $10,496,702,000 after acquiring an additional 104,488,610 shares during the last quarter. Nuveen LLC purchased a new position in Walmart during the 1st quarter valued at about $2,532,331,000. GAMMA Investing LLC raised its position in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after purchasing an additional 7,860,306 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after buying an additional 7,706,201 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Walmart by 527.1% in the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer's stock worth $591,620,000 after buying an additional 5,664,484 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction 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 transaction, the chief executive officer owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This trade represents a 0.44% 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 John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the sale, the executive vice president owned 932,313 shares of the company's stock, valued at $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,232 shares of company stock valued at $14,960,635 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Walmart Price Performance

NYSE:WMT traded up $0.46 during trading hours on Monday, hitting $102.79. 12,856,457 shares of the stock traded hands, compared to its average volume of 16,199,768. Walmart Inc. has a 1 year low of $78.98 and a 1 year high of $106.11. 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 has a market cap of $819.53 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 4.82 and a beta of 0.65. The stock has a 50 day moving average price of $99.54 and a 200 day moving average price of $95.72.

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). The business had revenue of $169.34 billion during the quarter, compared to analysts' expectations of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. Walmart's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. KeyCorp boosted their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Mizuho reiterated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Wednesday, August 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $106.00 price target on shares of Walmart in a research note on Friday, August 22nd. The Goldman Sachs Group raised their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Finally, Telsey Advisory Group upped their target price on shares of Walmart from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $112.03.

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.