Tompkins Financial Corp Sells 6,467 Shares of Walmart Inc. $WMT

Tompkins Financial Corp cut its stake in Walmart Inc. (NASDAQ:WMT) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,782 shares of the retailer’s stock after selling 6,467 shares during the period. Walmart accounts for 2.2% of Tompkins Financial Corp’s investment portfolio, making the stock its 10th largest holding. Tompkins Financial Corp’s holdings in Walmart were worth $26,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Atlas Legacy Advisors LLC grew its holdings in Walmart by 1.1% during the 2nd quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock worth $851,000 after acquiring an additional 98 shares during the period. Meridian Wealth Partners LLC raised its position in shares of Walmart by 2.1% during the second quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer’s stock worth $470,000 after purchasing an additional 99 shares during the period. Hickory Point Bank & Trust lifted its holdings in shares of Walmart by 1.3% in the 3rd quarter. Hickory Point Bank & Trust now owns 7,706 shares of the retailer’s stock worth $794,000 after purchasing an additional 100 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Walmart by 1.1% in the 2nd quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock worth $961,000 after purchasing an additional 103 shares in the last quarter. Finally, RoundAngle Advisors LLC grew its holdings in shares of Walmart by 0.4% during the second quarter. RoundAngle Advisors LLC now owns 25,995 shares of the retailer’s stock valued at $2,542,000 after buying an additional 105 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $101.33, for a total value of $222,926.00. Following the completion of the sale, the executive vice president directly owned 621,718 shares in the company, valued at $62,998,684.94. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $103.21, for a total value of $2,003,925.36. Following the completion of the transaction, the chief executive officer owned 4,373,576 shares of the company’s stock, valued at approximately $451,396,778.96. The trade was a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 110,703 shares of company stock valued at $11,776,591 over the last quarter. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Walmart from $128.00 to $129.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Walmart in a research report on Wednesday, October 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Walmart in a report on Wednesday. Bank of America boosted their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Finally, Tigress Financial increased their price target on Walmart from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.18.

Walmart Stock Performance

Walmart stock opened at $114.83 on Friday. The firm has a 50-day moving average of $107.36 and a 200-day moving average of $101.97. The firm has a market cap of $915.21 billion, a P/E ratio of 40.15, a P/E/G ratio of 5.34 and a beta of 0.64. The company has a current ratio of 0.80, a quick ratio of 0.24 and a debt-to-equity ratio of 0.39. Walmart Inc. has a 1-year low of $79.81 and a 1-year high of $117.45.

Walmart (NASDAQ:WMT) last released its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $179.50 billion during the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

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.