Walmart Inc. $WMT Shares Sold by Chemung Canal Trust Co.

Chemung Canal Trust Co. lessened its stake in Walmart Inc. (NYSE:WMT) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,213 shares of the retailer’s stock after selling 1,415 shares during the period. Chemung Canal Trust Co.’s holdings in Walmart were worth $4,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. Kingstone Capital Partners Texas LLC increased its position in shares of Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the period. Nuveen LLC bought a new position in Walmart during the first quarter valued at about $2,532,331,000. Goldman Sachs Group Inc. grew its holdings in Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares during the period. Wellington Management Group LLP raised its position in Walmart by 527.1% in the first quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock worth $591,620,000 after acquiring an additional 5,664,484 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in Walmart by 28,684.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer’s stock valued at $371,295,000 after acquiring an additional 4,214,661 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMT. Tigress Financial lifted their price objective on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group upped their price target on Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 22nd. KeyCorp increased their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, June 9th. Guggenheim restated a “buy” rating and issued a $115.00 target price (up from $112.00) on shares of Walmart in a report on Monday, August 18th. Finally, Wolfe Research began coverage on Walmart in a research report on Thursday, September 18th. They set an “outperform” rating and a $129.00 target price on the stock. Thirty investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.38.

Walmart Stock Up 0.4%

NYSE:WMT opened at $102.15 on Monday. The firm has a market capitalization of $814.46 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 4.81 and a beta of 0.67. Walmart Inc. has a 1-year low of $78.98 and a 1-year high of $106.11. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $100.77 and its 200 day moving average price is $96.76.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The business had revenue of $169.34 billion for 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%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the sale, the chief executive officer directly owned 4,392,985 shares in the company, valued at approximately $421,594,770.45. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total value of $403,840.00. Following the sale, the executive vice president directly owned 1,052,455 shares of the company’s stock, valued at approximately $106,255,856.80. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,232 shares of company stock worth $15,083,877 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

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.