Tompkins Financial Corp Reduces Stake in Walmart Inc. $WMT

Tompkins Financial Corp trimmed its holdings in Walmart Inc. (NYSE:WMT) by 4.4% in the 2nd quarter, Holdings Channel reports. The fund owned 264,249 shares of the retailer’s stock after selling 12,062 shares during the quarter. Walmart comprises 2.4% of Tompkins Financial Corp’s portfolio, making the stock its 9th biggest holding. Tompkins Financial Corp’s holdings in Walmart were worth $25,838,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after buying an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after buying an additional 485 shares in the last quarter. Highview Capital Management LLC DE increased its stake in Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer’s stock valued at $3,338,000 after acquiring an additional 1,720 shares during the period. Two Sigma Advisers LP raised its holdings in Walmart by 34.9% in the 4th quarter. Two Sigma Advisers LP now owns 66,900 shares of the retailer’s stock valued at $6,044,000 after acquiring an additional 17,300 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in Walmart in the 4th quarter valued at approximately $23,552,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent research reports. Bank of America lifted their price objective on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday. Telsey Advisory Group lifted their price target 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. The Goldman Sachs Group boosted their price target on shares of Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Truist Financial decreased their target price on shares of Walmart from $111.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $111.45.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president directly owned 623,918 shares of the company’s stock, valued at $60,750,895.66. This trade represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, August 28th. The shares were 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 owned 4,392,985 shares in the company, valued at $421,594,770.45. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,232 shares of company stock valued at $14,822,719. Corporate insiders own 0.10% of the company’s stock.

Walmart Stock Up 0.6%

NYSE:WMT opened at $104.07 on Thursday. The stock has a 50-day moving average price of $99.07 and a two-hundred day moving average price of $95.54. Walmart Inc. has a 1 year low of $77.49 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 stock has a market cap of $829.73 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 4.97 and a beta of 0.65.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.06). The company had revenue of $169.34 billion during the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

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.