Walmart Inc. (NYSE:WMT) is Tompkins Financial Corp’s 10th Largest Position

Tompkins Financial Corp lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 205.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,240 shares of the retailer’s stock after purchasing an additional 195,194 shares during the period. Walmart comprises 2.0% of Tompkins Financial Corp’s investment portfolio, making the stock its 10th biggest position. Tompkins Financial Corp’s holdings in Walmart were worth $17,464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WMT. Partnership Wealth Management LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $32,000. Signature Resources Capital Management LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $35,000. Finally, Tidemark LLC purchased a new stake in Walmart during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $67.60 on Thursday. The firm has a market cap of $543.74 billion, a P/E ratio of 28.93, a P/E/G ratio of 3.90 and a beta of 0.52. Walmart Inc. has a one year low of $49.85 and a one year high of $67.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The firm’s 50 day moving average price is $62.92 and its 200-day moving average price is $58.52.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. TD Cowen upped their price objective on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Royal Bank of Canada upped their price objective on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Truist Financial upped their price objective on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Finally, Oppenheimer upped their price objective on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.94.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the sale, the executive vice president now directly owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the transaction, the executive vice president now directly owns 524,613 shares in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,493,971 shares of company stock valued at $950,549,592. Insiders own 45.58% 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.