Bangor Savings Bank Has $2.70 Million Position in Walmart Inc. (NYSE:WMT)

Bangor Savings Bank grew its position in Walmart Inc. (NYSE:WMT) by 5.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,799 shares of the retailer’s stock after buying an additional 1,520 shares during the quarter. Bangor Savings Bank’s holdings in Walmart were worth $2,704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Whelan Financial boosted its position in Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after purchasing an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after purchasing an additional 98 shares during the last quarter. Coyle Financial Counsel LLC boosted its position in Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after purchasing an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. boosted its position in Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after purchasing an additional 103 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its position in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after purchasing an additional 106 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on WMT. Citigroup reissued a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. UBS Group dropped their target price on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Raymond James reduced their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Finally, Truist Financial lifted their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $105.16.

Walmart Trading Down 0.5%

Shares of NYSE WMT opened at $97.46 on Friday. Walmart Inc. has a 1-year low of $65.90 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The business’s 50 day moving average is $94.71 and its two-hundred day moving average is $93.88. The stock has a market capitalization of $779.77 billion, a P/E ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio is currently 40.17%.

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.