Bank of New Hampshire Boosts Stake in Walmart Inc. (NYSE:WMT)

Bank of New Hampshire lifted its holdings in Walmart Inc. (NYSE:WMT) by 48.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,163 shares of the retailer’s stock after buying an additional 13,682 shares during the period. Bank of New Hampshire’s holdings in Walmart were worth $3,405,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Seven Eight Capital LP purchased a new position in shares of Walmart in the 4th quarter worth about $444,000. Personal CFO Solutions LLC boosted its stake in Walmart by 9.2% in the fourth quarter. Personal CFO Solutions LLC now owns 6,491 shares of the retailer’s stock valued at $1,023,000 after acquiring an additional 545 shares during the last quarter. Evercore Wealth Management LLC grew its position in shares of Walmart by 4.5% during the 4th quarter. Evercore Wealth Management LLC now owns 27,479 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 1,177 shares during the period. Intrepid Capital Management Inc. increased its stake in shares of Walmart by 140.5% during the 4th quarter. Intrepid Capital Management Inc. now owns 873 shares of the retailer’s stock worth $138,000 after purchasing an additional 510 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its stake in shares of Walmart by 4.3% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 129,244 shares of the retailer’s stock worth $20,375,000 after purchasing an additional 5,285 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the sale, the executive vice president now owns 381,165 shares in the company, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their ownership of the stock. 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 Walmart stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the transaction, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at $30,862,930.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,670 shares of company stock worth $958,267,937 in the last ninety days. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WMT has been the subject of several research reports. Bank of America increased their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Wells Fargo & Company lifted their price objective on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Barclays upped their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Telsey Advisory Group boosted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Walmart currently has a consensus rating of “Buy” and a consensus target price of $81.62.

Walmart Price Performance

Shares of WMT stock traded down $1.81 during trading hours on Monday, hitting $79.13. 16,781,434 shares of the company’s stock were exchanged, compared to its average volume of 17,393,477. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.60. The company has a market capitalization of $636.49 billion, a PE ratio of 33.80, a PEG ratio of 4.03 and a beta of 0.51. The business’s 50 day simple moving average is $75.48 and its 200-day simple moving average is $68.26. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.