Cypress Capital Group Sells 2,684 Shares of Walmart Inc. (NYSE:WMT)

Cypress Capital Group trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,821 shares of the retailer's stock after selling 2,684 shares during the period. Walmart accounts for 1.6% of Cypress Capital Group's investment portfolio, making the stock its 13th biggest position. Cypress Capital Group's holdings in Walmart were worth $12,187,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WMT. Operose Advisors LLC raised its position in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the period. Bear Mountain Capital Inc. raised its position in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the period. EQ Wealth Advisors LLC purchased a new position in Walmart in the 1st quarter worth $35,000. Lipe & Dalton raised its position in Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the period. Finally, Nexus Investment Management ULC purchased a new position in Walmart in the 1st quarter worth $49,000. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the sale, the executive vice president directly owned 932,313 shares in the company, valued at $88,700,258.82. This represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the sale, the executive vice president owned 1,056,455 shares of the company's stock, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,112 shares of company stock valued at $14,080,073. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WMT. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Evercore ISI boosted their price target on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Finally, Mizuho boosted their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. One research analyst has 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. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $106.67.

Walmart Stock Performance

WMT opened at $103.77 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a fifty day moving average price of $97.30 and a 200 day moving average price of $95.39. Walmart Inc. has a 1 year low of $67.14 and a 1 year high of $105.30. The stock has a market cap of $828.13 billion, a P/E ratio of 44.35, a P/E/G ratio of 4.99 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the business earned $0.60 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

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.

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