Rockland Trust Co. Has $10.16 Million Stake in Walmart Inc. $WMT

Rockland Trust Co. trimmed its stake in Walmart Inc. (NASDAQ:WMT) by 5.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,716 shares of the retailer’s stock after selling 4,993 shares during the period. Rockland Trust Co.’s holdings in Walmart were worth $10,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Walmart by 5.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,217 shares of the retailer’s stock worth $2,177,000 after purchasing an additional 978 shares during the last quarter. Quantum Financial Advisors LLC grew its holdings in Walmart by 23.2% during the second quarter. Quantum Financial Advisors LLC now owns 12,071 shares of the retailer’s stock valued at $1,367,000 after purchasing an additional 2,272 shares during the last quarter. Chesley Taft & Associates LLC grew its holdings in Walmart by 13.9% during the second quarter. Chesley Taft & Associates LLC now owns 5,841 shares of the retailer’s stock valued at $662,000 after purchasing an additional 711 shares during the last quarter. Trust Point Inc. raised its position in shares of Walmart by 1.6% in the second quarter. Trust Point Inc. now owns 53,229 shares of the retailer’s stock valued at $6,029,000 after purchasing an additional 832 shares during the period. Finally, First Heartland Consultants Inc. raised its position in shares of Walmart by 14.7% in the second quarter. First Heartland Consultants Inc. now owns 46,825 shares of the retailer’s stock valued at $5,303,000 after purchasing an additional 6,007 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. Oppenheimer downgraded shares of Walmart from an “outperform” rating to a “market perform” rating in a report on Tuesday. Mizuho set a $130.00 target price on shares of Walmart in a report on Monday, July 27th. UBS Group reissued a “buy” rating on shares of Walmart in a research report on Tuesday. Sanford C. Bernstein set a $142.00 target price on shares of Walmart and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Evercore restated an “outperform” rating on shares of Walmart in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $138.56.

Walmart Stock Down 0.2%

WMT opened at $111.85 on Friday. Walmart Inc. has a 1-year low of $95.42 and a 1-year high of $135.15. The business has a 50 day moving average of $114.50 and a 200-day moving average of $121.66. The stock has a market capitalization of $890.11 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 4.18 and a beta of 0.61. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT) last released its earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The firm had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. During the same period in the prior year, the company earned $0.61 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, EVP David W. Guggina sold 11,978 shares of Walmart stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the sale, the executive vice president directly owned 125,067 shares of the company’s stock, valued at $14,985,527.94. This trade represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel J. Bartlett sold 3,775 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $109.64, for a total value of $413,891.00. Following the transaction, the executive vice president owned 630,009 shares in the company, valued at $69,074,186.76. This represents a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,439 shares of company stock valued at $8,544,532 in the last three months. Company insiders own 0.09% of the company’s stock.

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.