Trustmark Bank Trust Department Boosts Stock Position in Walmart Inc. $WMT

Trustmark Bank Trust Department raised its holdings in Walmart Inc. (NYSE:WMT) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147,427 shares of the retailer’s stock after acquiring an additional 795 shares during the quarter. Walmart makes up 1.0% of Trustmark Bank Trust Department’s holdings, making the stock its 25th largest holding. Trustmark Bank Trust Department’s holdings in Walmart were worth $14,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Walmart by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after buying an additional 5,856,468 shares during the period. Kingstone Capital Partners Texas LLC boosted its position in Walmart by 397,264.9% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after buying an additional 104,488,610 shares during the period. Geode Capital Management LLC boosted its position in Walmart by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock valued at $9,199,712,000 after buying an additional 263,718 shares during the period. Norges Bank bought a new position in Walmart in the 2nd quarter worth about $5,367,770,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after buying an additional 7,706,201 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WMT. Truist Financial lifted their price objective on Walmart from $109.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Guggenheim reissued a “buy” rating and set a $120.00 target price (up previously from $115.00) on shares of Walmart in a research report on Friday, November 21st. Evercore ISI reaffirmed an “outperform” rating and issued a $115.00 price target (up previously from $111.00) on shares of Walmart in a research report on Friday, November 21st. BMO Capital Markets increased their price objective on shares of Walmart from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Finally, Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Thirty-one investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.55.

Walmart Trading Up 1.3%

NYSE WMT opened at $110.51 on Friday. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $110.70. The company has a 50 day moving average price of $103.97 and a 200 day moving average price of $100.28. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a market cap of $881.08 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. Walmart’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Activity

In related news, SVP David Chojnowski sold 7,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $106.65, for a total transaction of $746,550.00. Following the transaction, the senior vice president directly owned 136,289 shares of the company’s stock, valued at $14,535,221.85. This represents a 4.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $103.83, for a total value of $415,320.00. Following the completion of the sale, the executive vice president owned 1,048,455 shares of the company’s stock, valued at approximately $108,861,082.65. This trade represents a 0.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 138,597 shares of company stock worth $14,499,943 over the last quarter. Company insiders own 0.10% of the company’s stock.

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.