CoreFirst Bank & Trust Acquires 5,231 Shares of Walmart Inc. $WMT

CoreFirst Bank & Trust grew its holdings in Walmart Inc. (NASDAQ:WMT) by 23.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 27,425 shares of the retailer’s stock after acquiring an additional 5,231 shares during the period. Walmart makes up 1.8% of CoreFirst Bank & Trust’s portfolio, making the stock its 14th biggest position. CoreFirst Bank & Trust’s holdings in Walmart were worth $3,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Entrust Financial LLC bought a new stake in Walmart in the fourth quarter valued at about $27,000. Merkkuri Wealth Advisors LLC bought a new position in Walmart during the first quarter worth about $29,000. Bay Harbor Wealth Management LLC boosted its holdings in Walmart by 57.4% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock valued at $32,000 after purchasing an additional 105 shares in the last quarter. Clayton Financial Group LLC boosted its holdings in Walmart by 193.0% during the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock valued at $33,000 after purchasing an additional 193 shares in the last quarter. Finally, Sankala Group LLC bought a new stake in shares of Walmart in the 4th quarter valued at approximately $33,000. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In other news, EVP Latriece Watkins sold 11,000 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the sale, the executive vice president owned 120,203 shares in the company, valued at approximately $14,300,550.91. This represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David W. Guggina sold 11,978 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the sale, the executive vice president owned 125,067 shares of the company’s stock, valued at approximately $14,985,527.94. This trade represents a 8.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 67,729 shares of company stock worth $8,124,931. 0.09% of the stock is owned by company insiders.

Walmart Stock Performance

NASDAQ WMT opened at $111.20 on Friday. The firm has a market cap of $884.94 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 4.15 and a beta of 0.60. The company has a 50 day moving average of $115.17 and a 200-day moving average of $121.93. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $95.42 and a 1-year high of $135.15.

Walmart (NASDAQ:WMT) last announced its earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.Walmart’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WMT shares. Piper Sandler reissued an “overweight” rating on shares of Walmart in a report on Monday, June 8th. Freedom Capital raised Walmart from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. TD Cowen reiterated a “buy” rating and issued a $150.00 price target (up from $145.00) on shares of Walmart in a research report on Thursday, May 7th. Tigress Financial reiterated a “buy” rating and set a $155.00 price objective (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. Finally, KeyCorp reissued an “overweight” rating on shares of Walmart in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $138.56.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.