Canandaigua National Bank & Trust Co. Takes $4.82 Million Position in Walmart Inc. $WMT

Canandaigua National Bank & Trust Co. bought a new stake in shares of Walmart Inc. (NASDAQ:WMT) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 42,526 shares of the retailer’s stock, valued at approximately $4,816,000.

A number of other institutional investors also recently bought and sold shares of WMT. MFA Wealth Services raised its stake in shares of Walmart by 0.7% in the first quarter. MFA Wealth Services now owns 10,909 shares of the retailer’s stock valued at $1,356,000 after acquiring an additional 80 shares during the period. Realta Investment Advisors grew its stake in shares of Walmart by 2.0% during the first quarter. Realta Investment Advisors now owns 4,089 shares of the retailer’s stock valued at $508,000 after buying an additional 81 shares during the last quarter. Compton Financial Group LLC lifted its stake in shares of Walmart by 4.1% during the 1st quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer’s stock worth $259,000 after acquiring an additional 82 shares during the last quarter. Renaissance Group LLC boosted its holdings in Walmart by 0.9% during the 4th quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock valued at $1,074,000 after acquiring an additional 83 shares during the period. Finally, Calton & Associates Inc. grew its position in Walmart by 0.3% in the 4th quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock valued at $3,033,000 after acquiring an additional 84 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

NASDAQ WMT opened at $111.55 on Wednesday. The company has a market cap of $887.72 billion, a PE ratio of 39.14, a P/E/G ratio of 4.13 and a beta of 0.61. The firm’s 50 day moving average price is $114.84 and its 200-day moving average price is $121.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a 52-week low of $95.42 and a 52-week high of $135.15.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Walmart’s revenue for the quarter 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. Sell-side analysts forecast that Walmart Inc. will post 2.89 EPS for the current fiscal year.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Advertising expansion: Walmart completed its acquisition of Vibe.co, a self-service streaming-TV advertising platform. Integrating the company into Walmart Connect should give advertisers more tools to plan, purchase and measure connected-TV campaigns, potentially strengthening Walmart’s higher-margin advertising business. Walmart Finalizes Purchase of TV Ad Platform Vibe.co
• Positive Sentiment: New growth initiatives: Walmart is expanding drone delivery in Florida through Alphabet’s Wing and offering GLP-1 weight-loss prescriptions with nutrition coaching and AI-based support. These initiatives could improve delivery competitiveness and broaden Walmart’s healthcare opportunity, although their near-term financial impact remains uncertain. Walmart Launches Florida Drone Delivery And GLP 1 Weight Loss Prescriptions
• Neutral Sentiment: Long-term case remains intact: Commentators continue to cite Walmart’s scale, e-commerce investments, advertising growth and dividend stability as reasons to hold the stock over the long term. However, these are broad investment views rather than new earnings catalysts. Is Walmart a Good Long-Term Investment?
• Negative Sentiment: Analyst downgrade and valuation concerns: Oppenheimer downgraded Walmart ahead of its upcoming earnings report, arguing that the stock’s “peakish valuation” leaves it vulnerable to a lower re-rating if U.S. comparable-sales growth slows. With Walmart trading at a relatively high earnings multiple, investors may demand strong guidance and continued momentum. Walmart Downgraded Ahead of Earnings

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent analyst reports. BTIG Research reissued a “buy” rating and set a $145.00 target price on shares of Walmart in a research note on Wednesday, June 3rd. Oppenheimer downgraded shares of Walmart from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $137.00 price target on shares of Walmart in a research note on Wednesday, July 22nd. Guggenheim increased their price objective on Walmart from $120.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Finally, Evercore restated an “outperform” rating on shares of Walmart in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $138.56.

Insiders Place Their Bets

In other Walmart news, CEO John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $124.08, for a total transaction of $1,628,550.00. Following the completion of the sale, the chief executive officer directly owned 661,037 shares of the company’s stock, valued at approximately $82,021,470.96. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of Walmart stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president directly owned 120,203 shares in the company, valued at approximately $14,300,550.91. The trade was a 8.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 71,439 shares of company stock valued at $8,544,532 in the last three months. 0.09% of the stock is currently owned by insiders.

Walmart 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.