Walmart Inc. (NYSE:WMT) Shares Purchased by Bank of New Hampshire

Bank of New Hampshire increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,949 shares of the retailer’s stock after buying an additional 5,786 shares during the quarter. Walmart comprises approximately 1.1% of Bank of New Hampshire’s portfolio, making the stock its 24th biggest holding. Bank of New Hampshire’s holdings in Walmart were worth $4,332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Gallacher Capital Management LLC acquired a new position in Walmart in the second quarter valued at $209,000. Koss Olinger Consulting LLC purchased a new stake in shares of Walmart during the 2nd quarter worth about $203,000. Ellis Investment Partners LLC acquired a new stake in Walmart during the 2nd quarter worth approximately $255,000. Legacy Bridge LLC raised its holdings in Walmart by 0.6% in the second quarter. Legacy Bridge LLC now owns 34,153 shares of the retailer’s stock valued at $2,312,000 after buying an additional 215 shares during the period. Finally, Adapt Wealth Advisors LLC acquired a new position in Walmart during the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on WMT. Evercore ISI increased their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Piper Sandler lifted their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. TD Cowen increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada increased their price target on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $93.69.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction dated 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 directly owns 457,493 shares in the company, 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 sold a total of 140,412 shares of company stock worth $12,478,116 in the last ninety days. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

NYSE:WMT traded down $0.19 during midday trading on Tuesday, reaching $91.24. The stock had a trading volume of 996,772 shares, compared to its average volume of 10,166,886. The stock has a market capitalization of $732.97 billion, a P/E ratio of 37.44, a PEG ratio of 4.47 and a beta of 0.55. 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 $52.23 and a 1-year high of $96.18. The firm’s fifty day simple moving average is $89.58 and its 200-day simple moving average is $79.96.

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

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.