Penobscot Investment Management Company Inc. Raises Holdings in Walmart Inc. $WMT

Penobscot Investment Management Company Inc. grew its position in shares of Walmart Inc. (NYSE:WMT) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,577 shares of the retailer’s stock after acquiring an additional 2,402 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Walmart were worth $7,292,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank Hapoalim BM raised its stake in shares of Walmart by 2.9% in the 2nd quarter. Bank Hapoalim BM now owns 4,040 shares of the retailer’s stock valued at $395,000 after acquiring an additional 113 shares during the period. Apexium Financial LP grew its position in Walmart by 3.8% in the second quarter. Apexium Financial LP now owns 6,400 shares of the retailer’s stock valued at $626,000 after acquiring an additional 235 shares in the last quarter. Peoples Bank OH lifted its position in shares of Walmart by 7.0% during the second quarter. Peoples Bank OH now owns 2,602 shares of the retailer’s stock worth $254,000 after purchasing an additional 171 shares in the last quarter. Quent Capital LLC increased its stake in Walmart by 1.4% during the 2nd quarter. Quent Capital LLC now owns 24,117 shares of the retailer’s stock worth $2,358,000 after buying an additional 338 shares during the period. Finally, NTV Asset Management LLC grew its stake in shares of Walmart by 0.4% during the second quarter. NTV Asset Management LLC now owns 35,215 shares of the retailer’s stock valued at $3,443,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $102.15 on Monday. The firm has a market capitalization of $814.46 billion, a PE ratio of 38.40, a P/E/G ratio of 4.81 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $78.98 and a 12 month high of $106.11. The company’s 50 day simple moving average is $100.77 and its 200 day simple moving average is $96.76.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $169.34 billion for the quarter, compared to the consensus estimate of $174.02 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on WMT. Bank of America increased their target price on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, September 17th. The Goldman Sachs Group lifted their target price on Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Evercore ISI reiterated an “outperform” rating and set a $110.00 target price (up previously from $108.00) on shares of Walmart in a research note on Monday, August 18th. Sanford C. Bernstein set a $117.00 price objective on shares of Walmart and gave the stock an “outperform” rating in a research note on Friday, August 22nd. Finally, Guggenheim reissued a “buy” rating and issued a $115.00 price target (up previously from $112.00) on shares of Walmart in a report on Monday, August 18th. Thirty analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $112.38.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,610 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $103.71, for a total transaction of $166,973.10. Following the transaction, the executive vice president directly owned 645,968 shares of the company’s stock, valued at approximately $66,993,341.28. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $103.74, for a total transaction of $1,361,587.50. Following the completion of the sale, the executive vice president directly owned 906,064 shares of the company’s stock, valued at $93,995,079.36. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,232 shares of company stock worth $15,083,877. 0.10% of the stock is owned by company insiders.

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.