Bangor Savings Bank Purchases 30,119 Shares of Walmart Inc. (NYSE:WMT)

Bangor Savings Bank raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 201.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,071 shares of the retailer’s stock after purchasing an additional 30,119 shares during the quarter. Bangor Savings Bank’s holdings in Walmart were worth $2,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Seven Mile Advisory boosted its position in shares of Walmart by 1.6% in the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after acquiring an additional 61 shares during the period. Flynn Zito Capital Management LLC grew its position in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC increased its holdings in shares of Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares during the period. Bill Few Associates Inc. raised its position in shares of Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after buying an additional 64 shares in the last quarter. Finally, Gateway Advisory LLC boosted its stake in Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock valued at $263,000 after buying an additional 65 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.1 %

Shares of WMT opened at $67.91 on Monday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $68.55. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $63.23 and its 200-day moving average price is $58.80. The firm has a market capitalization of $546.24 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. BMO Capital Markets upped their target price on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley raised their target price on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. The Goldman Sachs Group boosted their price target on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Truist Financial raised their price objective on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $60.45, for a total value of $1,760,545.80. Following the completion of the transaction, the chief executive officer now directly owns 4,047,767 shares in the company, valued at approximately $244,687,515.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares in the company, valued at approximately $30,816,896.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total value of $1,760,545.80. Following the transaction, the chief executive officer now owns 4,047,767 shares of the company’s stock, valued at approximately $244,687,515.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,493,971 shares of company stock valued at $950,549,592. 45.58% of the stock is currently owned by company insiders.

Walmart Company Profile

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.