Bank of New Hampshire Acquires 5,786 Shares of Walmart Inc. (NYSE:WMT)

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

Other hedge funds have also modified their holdings of the company. Kozak & Associates Inc. grew its position in Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after acquiring an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in shares of Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the last quarter. Providence Wealth Advisors LLC lifted its position in Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after buying an additional 122 shares in the last quarter. 3Chopt Investment Partners LLC grew its holdings in Walmart by 0.4% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after acquiring an additional 124 shares during the last quarter. Finally, CAP Partners LLC increased its position in Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after acquiring an additional 125 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Truist Financial upped their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Oppenheimer boosted their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company raised their price target on Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Citigroup boosted their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two investment 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 company’s stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $93.69.

Walmart Trading Down 0.2 %

Shares of Walmart stock traded down $0.19 on Tuesday, hitting $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 50 day moving average of $89.58 and a 200 day moving average of $79.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a twelve month low of $52.23 and a twelve month high of $96.18. The firm 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.

Walmart (NYSE:WMT) last released its quarterly earnings results 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 firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 140,412 shares of company stock worth $12,478,116 over the last ninety days. 45.58% of the stock is owned by insiders.

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.