Bangor Savings Bank Sells 15,923 Shares of Walmart Inc. (NYSE:WMT)

Bangor Savings Bank decreased its holdings in Walmart Inc. (NYSE:WMT) by 35.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,279 shares of the retailer’s stock after selling 15,923 shares during the period. Bangor Savings Bank’s holdings in Walmart were worth $2,645,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in Walmart in the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new stake in Walmart during the third quarter valued at $33,000. Livelsberger Financial Advisory purchased a new stake in Walmart during the third quarter valued at $36,000. Finally, Hara Capital LLC bought a new position in Walmart in the third quarter valued at about $37,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,412 shares of company stock worth $12,478,116. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Roth Mkm upped their target price on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Telsey Advisory Group boosted their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein raised their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Trading Up 0.6 %

Shares of WMT stock opened at $91.31 on Tuesday. The company has a market cap of $733.53 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 1 year low of $52.23 and a 1 year high of $96.18. The stock’s 50 day simple moving average is $89.58 and its two-hundred day simple moving average is $79.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

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.