CGN Advisors LLC Has $4.22 Million Holdings in Walmart Inc. (NYSE:WMT)

CGN Advisors LLC lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 9.6% in the 1st quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Unigestion Holding SA lifted its stake in shares of Walmart by 120.5% in the 1st quarter. Unigestion Holding SA now owns 128,301 shares of the retailer's stock valued at $11,264,000 after purchasing an additional 70,113 shares during the period. Bridge Creek Capital Management LLC boosted its stake in shares of Walmart by 0.3% in the first quarter. Bridge Creek Capital Management LLC now owns 62,241 shares of the retailer's stock worth $5,464,000 after acquiring an additional 156 shares during the last quarter. Legacy Financial Group LLC grew its holdings in shares of Walmart by 13.4% during the first quarter. Legacy Financial Group LLC now owns 10,042 shares of the retailer's stock worth $882,000 after buying an additional 1,183 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in Walmart by 10.1% in the 1st quarter. Whipplewood Advisors LLC now owns 2,830 shares of the retailer's stock worth $230,000 after purchasing an additional 260 shares in the last quarter. Finally, Smith Anglin Financial LLC boosted its stake in Walmart by 0.5% during the first quarter. Smith Anglin Financial LLC now owns 33,370 shares of the retailer's stock worth $2,930,000 after buying an additional 154 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Roth Mkm restated a "buy" rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $105.16.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Thursday, May 1st. 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 now directly owns 632,718 shares in the company, valued at $61,607,751.66. This trade represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,334 shares of company stock worth $12,615,864. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 0.6%

Shares of WMT traded down $0.59 on Wednesday, reaching $99.39. 11,106,554 shares of the company's stock were exchanged, compared to its average volume of 17,875,566. Walmart Inc. has a 12 month low of $65.64 and a 12 month high of $105.30. The stock has a market capitalization of $795.21 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $94.05 and a two-hundred day moving average price of $93.63.

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

Walmart Dividend Announcement

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

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.