Berkshire Bank Acquires 1,061 Shares of Walmart Inc. $WMT

by · The Cerbat Gem

Berkshire Bank raised its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,992 shares of the retailer’s stock after purchasing an additional 1,061 shares during the period. Walmart makes up about 1.7% of Berkshire Bank’s portfolio, making the stock its 13th largest holding. Berkshire Bank’s holdings in Walmart were worth $7,235,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Krilogy Financial LLC boosted its holdings in Walmart by 2.6% in the 2nd quarter. Krilogy Financial LLC now owns 60,602 shares of the retailer’s stock valued at $5,926,000 after purchasing an additional 1,527 shares during the period. Fragasso Financial Advisors Inc lifted its holdings in shares of Walmart by 0.8% during the 2nd quarter. Fragasso Financial Advisors Inc now owns 26,742 shares of the retailer’s stock worth $2,615,000 after acquiring an additional 203 shares during the period. Fiduciary Alliance LLC lifted its holdings in shares of Walmart by 56.4% during the 2nd quarter. Fiduciary Alliance LLC now owns 92,995 shares of the retailer’s stock worth $9,093,000 after acquiring an additional 33,544 shares during the period. Lifestyle Asset Management Inc. lifted its holdings in shares of Walmart by 21.6% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 3,584 shares of the retailer’s stock worth $350,000 after acquiring an additional 636 shares during the period. Finally, Key Client Fiduciary Advisors LLC lifted its stake in Walmart by 2.3% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 27,538 shares of the retailer’s stock valued at $2,693,000 after purchasing an additional 608 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT opened at $103.40 on Wednesday. The company has a market capitalization of $824.39 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 4.98 and a beta of 0.65. 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 50-day moving average price of $98.93 and a 200-day moving average price of $95.48. Walmart Inc. has a twelve month low of $77.49 and a twelve month high of $105.30.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $169.34 billion for the quarter, compared to analysts’ expectations of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. Walmart’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the sale, the chief executive officer directly owned 4,392,985 shares in the company, valued at $421,594,770.45. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,610 shares of Walmart stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $103.71, for a total transaction of $166,973.10. Following the sale, the executive vice president owned 645,968 shares of the company’s stock, valued at approximately $66,993,341.28. The trade was a 0.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,232 shares of company stock valued at $14,822,719 over the last quarter. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Walmart from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Erste Group Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Guggenheim restated a “buy” rating and issued a $115.00 price target (up from $112.00) on shares of Walmart in a research report on Monday, August 18th. The Goldman Sachs Group upped their price target on shares of Walmart from $101.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Oppenheimer increased their price objective on shares of Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $110.76.

Check Out Our Latest Analysis on WMT

Walmart Company Profile

(Free Report)

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.

Further Reading

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