Walmart Inc. (NYSE:WMT) Shares Acquired by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. increased its position in shares of Walmart Inc. (NYSE:WMT) by 28.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,885 shares of the retailer’s stock after acquiring an additional 15,372 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Walmart were worth $6,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Principal Financial Group Inc. lifted its holdings in shares of Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after purchasing an additional 809,352 shares during the last quarter. Quest Partners LLC acquired a new stake in Walmart during the 3rd quarter valued at $336,000. Davis R M Inc. lifted its holdings in shares of Walmart by 12.7% in the third quarter. Davis R M Inc. now owns 12,548 shares of the retailer’s stock valued at $1,013,000 after purchasing an additional 1,413 shares in the last quarter. Acorn Wealth Advisors LLC lifted its holdings in shares of Walmart by 14.2% in the third quarter. Acorn Wealth Advisors LLC now owns 3,726 shares of the retailer’s stock valued at $301,000 after purchasing an additional 462 shares in the last quarter. Finally, Elios Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter worth $214,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Royal Bank of Canada lowered their price objective on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Citigroup reissued a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.17.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was 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 in the company, valued at approximately $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 accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 189,777 shares of company stock worth $18,001,116. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Down 3.2 %

Shares of WMT opened at $84.69 on Wednesday. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The firm has a market capitalization of $678.95 billion, a P/E ratio of 35.14, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a 50-day simple moving average of $95.00 and a 200-day simple moving average of $89.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.