Bangor Savings Bank Sells 1,234 Shares of Walmart Inc. $WMT

Bangor Savings Bank cut its position in Walmart Inc. (NYSE:WMT) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,565 shares of the retailer’s stock after selling 1,234 shares during the quarter. Bangor Savings Bank’s holdings in Walmart were worth $2,891,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ally Financial Inc. bought a new stake in shares of Walmart during the 1st quarter valued at $2,107,000. Night Squared LP bought a new stake in shares of Walmart during the 1st quarter valued at $1,052,000. Gerber Kawasaki Wealth & Investment Management raised its stake in shares of Walmart by 34.6% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 38,213 shares of the retailer’s stock valued at $3,355,000 after purchasing an additional 9,831 shares during the period. Monument Capital Management grew its position in Walmart by 94.2% during the first quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock worth $4,829,000 after buying an additional 26,685 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Walmart by 11.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer’s stock worth $698,787,000 after buying an additional 838,689 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Oppenheimer boosted their target price on Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Erste Group Bank upgraded Walmart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. reduced their target price on Walmart from $130.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Sanford C. Bernstein set a $117.00 target price on Walmart and gave the stock an “outperform” rating in a research report on Friday, August 22nd. Finally, KeyCorp boosted their target price on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $110.76.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the sale, the chief executive officer directly owned 4,392,985 shares in the company, valued at $421,594,770.45. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the sale, the executive vice president owned 623,918 shares of the company’s stock, valued at $60,750,895.66. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,382 shares of company stock worth $11,718,441 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Walmart Price Performance

WMT opened at $103.48 on Friday. The stock has a 50-day moving average price of $98.71 and a 200-day moving average price of $95.40. Walmart Inc. has a 12-month low of $77.49 and a 12-month high of $105.30. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $825.03 billion, a P/E ratio of 38.90, a PEG ratio of 4.93 and a beta of 0.65.

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