CMG Global Holdings LLC Sells 4,751 Shares of Walmart Inc. (NYSE:WMT)

CMG Global Holdings LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,886 shares of the retailer's stock after selling 4,751 shares during the quarter. Walmart makes up approximately 1.4% of CMG Global Holdings LLC's portfolio, making the stock its 20th largest position. CMG Global Holdings LLC's holdings in Walmart were worth $2,098,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WMT. World Investment Advisors boosted its stake in shares of Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after buying an additional 19,233 shares during the period. Candriam S.C.A. raised its holdings in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares in the last quarter. Cushing Capital Partners LLC acquired a new stake in Walmart during the fourth quarter valued at $1,124,000. GWN Securities Inc. purchased a new position in Walmart in the fourth quarter valued at about $4,658,000. Finally, Full Sail Capital LLC increased its position in Walmart by 6.6% in the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after purchasing an additional 541 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the sale, the executive vice president directly owned 1,064,455 shares in the company, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president directly owned 945,434 shares of the company's stock, valued at $90,619,848.90. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,511 shares of company stock valued at $13,493,751. Company insiders own 45.58% of the company's stock.

Walmart Stock Performance

Shares of WMT traded down $1.00 during trading hours on Wednesday, reaching $97.24. 3,455,405 shares of the company traded hands, compared to its average volume of 18,008,671. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock's fifty day moving average is $96.97 and its 200 day moving average is $94.29. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The stock has a market cap of $775.98 billion, a P/E ratio of 41.52, a price-to-earnings-growth ratio of 4.77 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly 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. 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 21.76% and a net margin of 2.75%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 40.17%.

Analysts Set New Price Targets

Several brokerages recently commented on WMT. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Robert W. Baird increased their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Oppenheimer upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Evercore ISI increased their target price on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

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.