Marble Harbor Investment Counsel LLC Has $13.29 Million Stake in Walmart Inc. (NYSE:WMT)

Key Points

• Marble Harbor Investment Counsel LLC reduced its Walmart stake by 3.2%, now holding 151,322 shares worth approximately $13.29 million, making it the firm's 19th largest position.
• Several hedge funds have significantly increased their Walmart holdings, with SGL Investment Advisors boosting its stake by 539.1% during the same period.
• Walmart reported an EPS of $0.61 for the last quarter, exceeding expectations, along with a revenue of $165.61 billion, a 2.5% increase from the previous year.

Marble Harbor Investment Counsel LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,322 shares of the retailer's stock after selling 4,936 shares during the period. Walmart comprises about 1.5% of Marble Harbor Investment Counsel LLC's portfolio, making the stock its 19th largest position. Marble Harbor Investment Counsel LLC's holdings in Walmart were worth $13,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. SGL Investment Advisors Inc. increased its stake in Walmart by 539.1% in the 1st quarter. SGL Investment Advisors Inc. now owns 30,254 shares of the retailer's stock valued at $2,948,000 after buying an additional 25,520 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Walmart by 3.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,919,436 shares of the retailer's stock valued at $256,297,000 after buying an additional 88,907 shares during the last quarter. Fairfield Financial Advisors LTD increased its stake in Walmart by 81.8% in the 1st quarter. Fairfield Financial Advisors LTD now owns 29,311 shares of the retailer's stock valued at $2,573,000 after buying an additional 13,185 shares during the last quarter. Avalon Trust Co increased its stake in Walmart by 143.3% in the 1st quarter. Avalon Trust Co now owns 4,744 shares of the retailer's stock valued at $417,000 after buying an additional 2,794 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in Walmart by 3.4% in the 1st quarter. Manchester Capital Management LLC now owns 32,664 shares of the retailer's stock valued at $2,868,000 after buying an additional 1,081 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

WMT opened at $98.40 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market capitalization of $785.27 billion, a P/E ratio of 42.05, a P/E/G ratio of 4.74 and a beta of 0.66. The company's 50-day simple moving average is $96.86 and its two-hundred day simple moving average is $95.05. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,912 shares of company stock worth $13,863,813 over the last quarter. Company insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WMT shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. UBS Group decreased their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Tigress Financial lifted their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Raymond James Financial decreased their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $106.67.

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.

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