Tompkins Financial Corp Cuts Stake in Walmart Inc (WMT)

Tompkins Financial Corp decreased its position in shares of Walmart Inc (NYSE:WMT) by 12.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 24,418 shares of the retailer’s stock after selling 3,624 shares during the quarter. Tompkins Financial Corp’s holdings in Walmart were worth $2,293,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Sargent Investment Group LLC purchased a new stake in shares of Walmart in the 4th quarter valued at about $1,714,000. Archford Capital Strategies LLC grew its holdings in shares of Walmart by 7.4% in the fourth quarter. Archford Capital Strategies LLC now owns 43,008 shares of the retailer’s stock worth $4,006,000 after acquiring an additional 2,954 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Walmart by 6.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 445,340 shares of the retailer’s stock valued at $41,483,000 after purchasing an additional 27,729 shares during the period. Weather Gauge Advisory LLC bought a new stake in Walmart during the fourth quarter valued at about $339,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Walmart during the fourth quarter valued at about $3,669,000. Institutional investors own 28.63% of the company’s stock.

WMT stock traded up $1.11 during midday trading on Thursday, reaching $102.23. 7,339,623 shares of the company traded hands, compared to its average volume of 6,951,162. Walmart Inc has a 52-week low of $81.78 and a 52-week high of $106.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. The company has a market cap of $299.56 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 4.45 and a beta of 0.36.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The business had revenue of $122.95 billion for the quarter, compared to the consensus estimate of $124.51 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts expect that Walmart Inc will post 4.81 EPS for the current year.

In other news, major shareholder Alice L. Walton sold 705,858 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $98.13, for a total value of $69,265,845.54. Following the sale, the insider now directly owns 8,872,375 shares in the company, valued at $870,646,158.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider David Chojnowski sold 2,000 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $97.17, for a total value of $194,340.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,695,836 shares of company stock worth $1,355,648,317. Company insiders own 51.11% of the company’s stock.

Several analysts have issued reports on WMT shares. Gordon Haskett raised Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target for the company in a report on Friday, May 17th. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Walmart in a research note on Thursday, February 21st. Bank of America set a $120.00 price objective on Walmart and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Barclays reiterated a “buy” rating and issued a $113.00 target price on shares of Walmart in a research report on Wednesday, February 20th. Finally, Guggenheim reiterated a “buy” rating and issued a $115.00 target price on shares of Walmart in a research report on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have assigned a buy rating to the stock. Walmart has an average rating of “Hold” and an average target price of $107.19.

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Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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