Cypress Capital Group Has $11.22 Million Position in Walmart Inc. (NYSE:WMT)

Cypress Capital Group increased its position in shares of Walmart Inc. (NYSE:WMT) by 4.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,938 shares of the retailer’s stock after buying an additional 6,091 shares during the quarter. Walmart accounts for 1.3% of Cypress Capital Group’s portfolio, making the stock its 17th biggest holding. Cypress Capital Group’s holdings in Walmart were worth $11,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the 1st quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC boosted its holdings in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart in the 2nd quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC raised its holdings in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 0.7 %

WMT stock opened at $87.18 on Thursday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $88.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85. The company’s 50-day simple moving average is $81.75 and its 200 day simple moving average is $73.43. The company has a market capitalization of $700.77 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (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 for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays upped their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Melius Research assumed coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. DA Davidson boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. KeyCorp raised their price objective on shares of Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $91.51.

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.