Bar Harbor Wealth Management Lowers Stake in Walmart Inc. (NYSE:WMT)

Bar Harbor Wealth Management decreased its position in Walmart Inc. (NYSE:WMT) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,997 shares of the retailer’s stock after selling 2,554 shares during the quarter. Bar Harbor Wealth Management’s holdings in Walmart were worth $13,404,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in WMT. Investment Advisory Group LLC raised its stake in Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 shares during the period. Professional Financial Advisors LLC grew its holdings in shares of Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares during the last quarter. Trust Co of the South raised its position in shares of Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after purchasing an additional 138 shares during the period. LVZ Inc. lifted its holdings in shares of Walmart by 1.9% in the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after purchasing an additional 143 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC boosted its position in Walmart by 1.1% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 13,036 shares of the retailer’s stock valued at $1,053,000 after purchasing an additional 147 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Walmart stock opened at $80.90 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a market cap of $650.72 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82. The firm’s 50 day simple moving average is $77.63 and its 200-day simple moving average is $69.39.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Stifel Nicolaus boosted their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. TD Cowen upped their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. DA Davidson lifted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Evercore ISI increased their price objective on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average target price of $82.96.

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.