Camden National Bank Purchases 116 Shares of Walmart Inc (NYSE:WMT)

Camden National Bank raised its position in Walmart Inc (NYSE:WMT) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,586 shares of the retailer’s stock after buying an additional 116 shares during the quarter. Camden National Bank’s holdings in Walmart were worth $663,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. SG Americas Securities LLC lifted its position in Walmart by 249.1% during the 1st quarter. SG Americas Securities LLC now owns 153,583 shares of the retailer’s stock worth $14,979,000 after acquiring an additional 256,613 shares during the last quarter. YHB Investment Advisors Inc. raised its position in shares of Walmart by 3.2% during the first quarter. YHB Investment Advisors Inc. now owns 16,950 shares of the retailer’s stock valued at $1,653,000 after buying an additional 525 shares during the last quarter. MAI Capital Management raised its position in shares of Walmart by 1.5% during the first quarter. MAI Capital Management now owns 18,459 shares of the retailer’s stock valued at $1,800,000 after buying an additional 277 shares during the last quarter. Verity & Verity LLC raised its position in shares of Walmart by 3.4% during the first quarter. Verity & Verity LLC now owns 90,874 shares of the retailer’s stock valued at $8,862,000 after buying an additional 2,977 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Walmart by 343.3% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 53,789 shares of the retailer’s stock valued at $5,222,000 after buying an additional 41,655 shares during the last quarter. 30.10% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. 51.11% of the stock is currently owned by corporate insiders.

WMT has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Walmart from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Morgan Stanley upped their price objective on shares of Walmart from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. BMO Capital Markets upped their price objective on shares of Walmart to $125.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. UBS Group set a $115.00 price objective on shares of Walmart and gave the company a “hold” rating in a research report on Friday, August 16th. Finally, Guggenheim reissued a “buy” rating and issued a $125.00 target price on shares of Walmart in a research note on Thursday, August 15th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $116.09.

Walmart stock traded up $0.63 during trading hours on Friday, hitting $120.24. 6,088,638 shares of the stock were exchanged, compared to its average volume of 5,281,826. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. The stock has a market capitalization of $334.43 billion, a P/E ratio of 24.49, a P/E/G ratio of 5.06 and a beta of 0.40. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $119.88. The business’s 50-day moving average is $116.01 and its two-hundred day moving average is $108.44.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. On average, equities analysts predict that Walmart Inc will post 4.92 earnings per share for the current fiscal year.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

Further Reading: Basic Economics

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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