Tompkins Financial Corp Acquires 4,704 Shares of Walmart Inc. (NYSE:WMT)

Tompkins Financial Corp boosted its holdings in Walmart Inc. (NYSE:WMT) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,603 shares of the retailer’s stock after acquiring an additional 4,704 shares during the period. Walmart accounts for about 1.9% of Tompkins Financial Corp’s investment portfolio, making the stock its 9th largest position. Tompkins Financial Corp’s holdings in Walmart were worth $12,355,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GW Henssler & Associates Ltd. grew its stake in Walmart by 0.8% in the 1st quarter. GW Henssler & Associates Ltd. now owns 126,558 shares of the retailer’s stock valued at $18,661,000 after acquiring an additional 1,004 shares during the last quarter. Wiley BROS. Aintree Capital LLC lifted its holdings in Walmart by 0.8% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 11,803 shares of the retailer’s stock valued at $1,740,000 after purchasing an additional 94 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in Walmart by 7.3% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 4,737 shares of the retailer’s stock valued at $699,000 after purchasing an additional 323 shares in the last quarter. Lodestar Private Asset Management LLC lifted its holdings in Walmart by 6.2% in the 1st quarter. Lodestar Private Asset Management LLC now owns 3,873 shares of the retailer’s stock valued at $571,000 after purchasing an additional 226 shares in the last quarter. Finally, BOS Asset Management LLC purchased a new position in Walmart in the 4th quarter valued at about $503,000. 33.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WMT shares. Royal Bank of Canada upped their target price on shares of Walmart from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Robert W. Baird upped their target price on shares of Walmart from $165.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. StockNews.com began coverage on shares of Walmart in a report on Thursday, August 17th. They set a “strong-buy” rating on the stock. Truist Financial increased their price objective on shares of Walmart from $166.00 to $168.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Finally, Piper Sandler upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $145.00 to $210.00 in a report on Monday, July 24th. Four analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.51.

Walmart Stock Down 0.4 %

Shares of WMT stock traded down $0.72 during mid-day trading on Tuesday, reaching $162.70. 973,284 shares of the company were exchanged, compared to its average volume of 5,933,457. Walmart Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $165.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.83. The company has a market capitalization of $437.92 billion, a P/E ratio of 31.43, a P/E/G ratio of 3.89 and a beta of 0.49. The business’s 50 day simple moving average is $159.34 and its 200 day simple moving average is $152.70.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The business had revenue of $161.63 billion during the quarter, compared to the consensus estimate of $160.22 billion. During the same quarter last year, the company earned $1.77 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 6.44 earnings per share for the current year.

Insider Transactions at Walmart

In other Walmart news, Director S Robson Walton sold 1,183,630 shares of Walmart stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $155.52, for a total value of $184,078,137.60. Following the completion of the transaction, the director now owns 240,230,516 shares of the company’s stock, valued at $37,360,649,848.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Walmart news, Director S Robson Walton sold 1,183,630 shares of Walmart stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $155.52, for a total value of $184,078,137.60. Following the completion of the transaction, the director now owns 240,230,516 shares of the company’s stock, valued at $37,360,649,848.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 2,149,275 shares of Walmart stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $153.97, for a total transaction of $330,923,871.75. Following the completion of the transaction, the insider now directly owns 235,440,961 shares of the company’s stock, valued at approximately $36,250,844,765.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,493,773 shares of company stock valued at $1,005,802,298. 46.51% of the stock is currently owned by corporate insiders.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.