CGN Advisors LLC Sells 5,102 Shares of Walmart Inc. (NYSE:WMT)

CGN Advisors LLC decreased its position in Walmart Inc. (NYSE:WMT) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,039 shares of the retailer’s stock after selling 5,102 shares during the period. CGN Advisors LLC’s holdings in Walmart were worth $4,217,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. World Investment Advisors increased its position in shares of Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after purchasing an additional 19,233 shares in the last quarter. Candriam S.C.A. increased its stake in shares of Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after buying an additional 599,257 shares during the period. Modera Wealth Management LLC raised its holdings in Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares during the last quarter. Cushing Capital Partners LLC acquired a new position in shares of Walmart in the 4th quarter valued at $1,124,000. Finally, Campbell Wealth Management bought a new position in Walmart during the fourth quarter worth about $359,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WMT shares. JPMorgan Chase & Co. raised their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. KeyCorp upped their price target on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.94.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. This represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,334 shares of company stock worth $12,615,864. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $99.82 on Tuesday. The stock has a 50-day moving average price of $93.76 and a two-hundred day moving average price of $93.58. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $65.16 and a 12 month high of $105.30. The company has a market capitalization of $798.64 billion, a PE ratio of 41.42, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 40.17%.

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.