Walmart Inc. (NYSE:WMT) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in Walmart Inc. (NYSE:WMT - Free Report) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,247,501 shares of the retailer's stock after purchasing an additional 68,946 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Walmart were worth $112,712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. bought a new position in Walmart during the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart in the 4th quarter worth about $37,000. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WMT has been the topic of several recent analyst reports. Raymond James reduced their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Robert W. Baird upped their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Guggenheim reiterated a "buy" rating and set a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Finally, Stifel Nicolaus dropped their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of "Moderate Buy" and an average target price of $103.94.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the sale, the executive vice president now owns 632,718 shares in the company, valued at approximately $61,607,751.66. The trade was a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,857 shares of company stock valued at $12,444,743. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Up 0.2 %

NYSE:WMT traded up $0.21 during mid-day trading on Wednesday, hitting $98.76. 11,301,127 shares of the company's stock traded hands, compared to its average volume of 17,814,613. The company has a fifty day moving average of $90.62 and a 200 day moving average of $91.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a twelve month low of $59.44 and a twelve month high of $105.30. The company has a market capitalization of $790.13 billion, a P/E ratio of 40.98, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Walmart 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.