CMG Global Holdings LLC Has $2.48 Million Stock Position in Walmart Inc. (NYSE:WMT)

CMG Global Holdings LLC lessened its position in Walmart Inc. (NYSE:WMT) by 1.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,637 shares of the retailer’s stock after selling 440 shares during the quarter. Walmart makes up about 1.4% of CMG Global Holdings LLC’s holdings, making the stock its 20th biggest holding. CMG Global Holdings LLC’s holdings in Walmart were worth $2,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brophy Wealth Management LLC acquired a new stake in shares of Walmart in the third quarter worth $2,072,000. Bank of New Hampshire lifted its stake in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank lifted its stake in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC boosted its position in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Walmart in the 3rd quarter valued at about $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT stock opened at $97.97 on Friday. The stock has a market cap of $787.00 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.55. The stock has a 50-day moving average of $93.07 and a 200-day moving average of $83.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a one year low of $55.04 and a one year high of $99.00.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Tigress Financial raised their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. BMO Capital Markets boosted their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Bank of America upped their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. UBS Group increased their price objective on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a report on Friday. Finally, Stifel Nicolaus upped their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.11.

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.