Bar Harbor Wealth Management Purchases 2,685 Shares of Walmart Inc. (NYSE:WMT)

Bar Harbor Wealth Management increased its position in Walmart Inc. (NYSE:WMT) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 168,682 shares of the retailer’s stock after buying an additional 2,685 shares during the period. Walmart accounts for about 1.0% of Bar Harbor Wealth Management’s investment portfolio, making the stock its 28th largest holding. Bar Harbor Wealth Management’s holdings in Walmart were worth $15,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in shares of Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC grew its holdings in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC increased its position in Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock worth $12,311,491 over the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.7 %

Shares of NYSE WMT opened at $91.39 on Tuesday. Walmart Inc. has a 1-year low of $53.44 and a 1-year high of $96.18. The company has a 50-day moving average of $90.56 and a two-hundred day moving average of $80.80. The company has a market cap of $734.17 billion, a PE ratio of 37.51, a P/E/G ratio of 4.47 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays upped their target price on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Wells Fargo & Company increased their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets upped their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Morgan Stanley lifted their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, KeyCorp upped their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two investment 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 company currently has an average rating of “Moderate Buy” and an average target price of $94.08.

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.