Marble Harbor Investment Counsel LLC Has $10.79 Million Position in Walmart Inc. (NYSE:WMT)

Marble Harbor Investment Counsel LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 0.2% in the second quarter, HoldingsChannel reports. The firm owned 159,382 shares of the retailer’s stock after selling 300 shares during the period. Walmart makes up about 1.3% of Marble Harbor Investment Counsel LLC’s portfolio, making the stock its 22nd largest position. Marble Harbor Investment Counsel LLC’s holdings in Walmart were worth $10,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Vanguard Group Inc. increased its position in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares in the last quarter. Raymond James & Associates grew its position in Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after purchasing an additional 2,246,656 shares during the period. Finally, Swiss National Bank increased its stake in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after purchasing an additional 8,674,100 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock worth $788,678,803 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Roth Mkm increased their price objective on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. UBS Group lifted their target price on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Telsey Advisory Group lifted their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Up 1.2 %

WMT opened at $80.60 on Monday. The company has a 50 day moving average of $72.51 and a 200 day moving average of $66.18. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $80.68. The company has a market cap of $647.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. On average, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current 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.