CGN Advisors LLC Buys 39,573 Shares of Walmart Inc. (NYSE:WMT)

CGN Advisors LLC raised its stake in Walmart Inc. (NYSE:WMTFree Report) by 205.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,871 shares of the retailer’s stock after acquiring an additional 39,573 shares during the period. CGN Advisors LLC’s holdings in Walmart were worth $3,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwest Capital Management Inc increased its holdings in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter worth about $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart in the 4th quarter worth about $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Walmart in the 4th quarter worth about $35,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. KeyCorp lifted their price target on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. BMO Capital Markets lifted their price target on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. TD Cowen lifted their price target on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Get Our Latest Analysis on WMT

Walmart Stock Up 1.5 %

Shares of NYSE WMT traded up $0.99 during trading hours on Monday, hitting $68.90. 12,421,807 shares of the stock were exchanged, compared to its average volume of 18,132,594. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The company has a market cap of $554.20 billion, a PE ratio of 29.49, a PEG ratio of 3.92 and a beta of 0.52. The firm has a fifty day moving average price of $63.41 and a 200-day moving average price of $58.92. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total transaction of $798,131.25. Following the transaction, the executive vice president now owns 645,517 shares in the company, valued at approximately $39,253,888.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock worth $950,549,592 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

About Walmart

(Free Report)

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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