Marble Harbor Investment Counsel LLC Has $10.79 Million Holdings in Walmart Inc. (NYSE:WMT)

Marble Harbor Investment Counsel LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,382 shares of the retailer’s stock after selling 300 shares during the period. Walmart accounts for about 1.3% of Marble Harbor Investment Counsel LLC’s portfolio, making the stock its 22nd biggest holding. Marble Harbor Investment Counsel LLC’s holdings in Walmart were worth $10,792,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aveo Capital Partners LLC boosted its position in Walmart by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock worth $683,000 after purchasing an additional 197 shares during the period. 9258 Wealth Management LLC boosted its holdings in shares of Walmart by 1.8% during the 4th quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock worth $2,045,000 after buying an additional 235 shares during the period. Gryphon Financial Partners LLC grew its stake in Walmart by 58.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock valued at $1,033,000 after buying an additional 2,443 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in Walmart by 3.9% in the 4th quarter. Great Lakes Advisors LLC now owns 35,197 shares of the retailer’s stock valued at $5,549,000 after acquiring an additional 1,334 shares during the period. Finally, Motco lifted its position in Walmart by 1.3% during the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after acquiring an additional 726 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now owns 390,165 shares in the company, valued at approximately $26,367,350.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,203,360 shares of company stock valued at $788,678,803. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of WMT opened at $80.60 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a market cap of $647.88 billion, a PE ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $80.68. The business has a 50-day simple moving average of $72.51 and a two-hundred day simple moving average of $66.18.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on WMT. Oppenheimer increased their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Jefferies Financial Group lifted their target price on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. TD Cowen upped their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. KeyCorp lifted their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, HSBC increased their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.99.

Walmart 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.