Penobscot Investment Management Company Inc. Buys 15,372 Shares of Walmart Inc. (NYSE:WMT)

Penobscot Investment Management Company Inc. grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 28.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,885 shares of the retailer's stock after acquiring an additional 15,372 shares during the quarter. Penobscot Investment Management Company Inc.'s holdings in Walmart were worth $6,224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WMT. Mark Sheptoff Financial Planning LLC increased its stake in Walmart by 35.7% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 2,850 shares of the retailer's stock worth $257,000 after purchasing an additional 750 shares during the period. Morey & Quinn Wealth Partners LLC purchased a new position in shares of Walmart in the fourth quarter worth $1,843,000. Ipsen Advisor Group LLC purchased a new position in shares of Walmart in the fourth quarter worth $1,702,000. Murphy & Mullick Capital Management Corp bought a new stake in Walmart during the 4th quarter valued at $463,000. Finally, Journey Beyond Wealth LLC purchased a new stake in Walmart during the 4th quarter valued at $341,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares of the company's stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,528 shares of company stock valued at $14,096,140 over the last 90 days. Company insiders own 45.58% of the company's stock.

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Walmart Stock Performance

NYSE:WMT traded down $0.73 during mid-day trading on Friday, reaching $84.90. The company's stock had a trading volume of 8,123,927 shares, compared to its average volume of 20,130,941. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market cap of $680.61 billion, a P/E ratio of 35.23, a PEG ratio of 4.42 and a beta of 0.53. The firm's fifty day moving average price is $94.76 and its two-hundred day moving average price is $89.20. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. On average, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.11%. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Citigroup reissued a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. UBS Group reiterated a "buy" rating on shares of Walmart in a research report on Friday, February 28th. Finally, KeyCorp raised their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and a consensus price target of $103.17.

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.