Central Pacific Bank Trust Division Raises Position in Walmart Inc. (NYSE:WMT)

Central Pacific Bank Trust Division grew its position in shares of Walmart Inc. (NYSE:WMT) by 17.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,639 shares of the retailer’s stock after acquiring an additional 4,200 shares during the period. Central Pacific Bank Trust Division’s holdings in Walmart were worth $2,497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brophy Wealth Management LLC bought a new position in Walmart in the 3rd quarter valued at approximately $2,072,000. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% during 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 purchasing an additional 2,107,197 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Walmart during the third quarter valued at $541,000. Charles Schwab Investment Management Inc. increased its holdings in Walmart by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after buying an additional 350,881 shares in the last quarter. Finally, Oxbow Advisors LLC raised its position in Walmart by 45.0% in the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after buying an additional 8,834 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT traded up $0.93 during mid-day trading on Friday, hitting $90.93. 5,602,927 shares of the company’s stock traded hands, compared to its average volume of 10,136,942. 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 Inc. has a 1 year low of $51.87 and a 1 year high of $96.18. The company’s 50-day moving average is $89.25 and its two-hundred day moving average is $79.47. The company has a market capitalization of $730.48 billion, a P/E ratio of 37.32, a PEG ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during 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%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 over the last quarter. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Melius Research assumed coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Guggenheim raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. TD Cowen boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their price objective on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Telsey Advisory Group increased their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

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.