Peninsula Asset Management Inc. Has $3.77 Million Holdings in Walmart Inc. (NYSE:WMT)

Peninsula Asset Management Inc. raised its stake in Walmart Inc. (NYSE:WMT) by 210.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,580 shares of the retailer’s stock after buying an additional 42,420 shares during the quarter. Walmart accounts for about 2.0% of Peninsula Asset Management Inc.’s portfolio, making the stock its 24th largest position. Peninsula Asset Management Inc.’s holdings in Walmart were worth $3,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Vanguard Group Inc. grew its holdings in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Norges Bank bought a new position in shares of Walmart during the 4th quarter worth approximately $3,674,652,000. Bank of New York Mellon Corp raised its holdings in shares of Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after purchasing an additional 18,865,484 shares during the last quarter. Raymond James & Associates boosted its holdings in Walmart by 212.6% during the first quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after purchasing an additional 9,544,958 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after buying an additional 8,674,100 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Tigress Financial upped their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. DA Davidson lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. UBS Group lifted their price target on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, Raymond James boosted their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.44.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Insiders sold 14,527,738 shares of company stock worth $953,190,060 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock traded down $0.01 during trading hours on Wednesday, hitting $70.64. 10,516,772 shares of the company were exchanged, compared to its average volume of 17,280,465. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $568.20 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 4.06 and a beta of 0.50. The firm has a fifty day simple moving average of $67.37 and a 200 day simple moving average of $61.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $71.33.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

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.