CGN Advisors LLC Has $4.80 Million Stock Position in Walmart Inc. (NYSE:WMT)

CGN Advisors LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,141 shares of the retailer's stock after selling 7,338 shares during the quarter. CGN Advisors LLC's holdings in Walmart were worth $4,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Premier Path Wealth Partners LLC raised its position in shares of Walmart by 9.0% during the 4th quarter. Premier Path Wealth Partners LLC now owns 27,346 shares of the retailer's stock worth $2,471,000 after purchasing an additional 2,254 shares during the period. Sanibel Captiva Trust Company Inc. grew its stake in Walmart by 6.7% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 159,986 shares of the retailer's stock worth $14,455,000 after buying an additional 10,094 shares during the last quarter. Howard Financial Services LTD. increased its position in Walmart by 26.6% in the fourth quarter. Howard Financial Services LTD. now owns 10,895 shares of the retailer's stock worth $984,000 after buying an additional 2,288 shares during the period. Verity & Verity LLC lifted its stake in Walmart by 90.4% in the fourth quarter. Verity & Verity LLC now owns 26,432 shares of the retailer's stock valued at $2,388,000 after buying an additional 12,550 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its holdings in shares of Walmart by 152.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 39,432 shares of the retailer's stock valued at $3,563,000 after acquiring an additional 23,809 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Up 0.8 %

Shares of WMT traded up $0.72 during midday trading on Friday, hitting $92.02. The stock had a trading volume of 15,705,502 shares, compared to its average volume of 14,296,278. The business has a 50-day simple moving average of $91.15 and a two-hundred day simple moving average of $81.37. The firm has a market cap of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the business posted $0.51 EPS. The company's revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company's stock, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock valued at $12,478,149 over the last quarter. Company insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Tigress Financial lifted their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Redburn Atlantic raised Walmart to a "strong-buy" rating in a report on Monday, September 23rd. TD Cowen increased their price objective on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Telsey Advisory Group lifted their target price on Walmart from $92.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price target on Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average target price of $94.49.

About Walmart

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.