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

Cypress Capital Group lifted its position in shares of Walmart Inc. (NYSE:WMT) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,938 shares of the retailer’s stock after acquiring an additional 6,091 shares during the quarter. Walmart makes up approximately 1.3% of Cypress Capital Group’s portfolio, making the stock its 17th biggest position. Cypress Capital Group’s holdings in Walmart were worth $11,219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. CAP Partners LLC lifted its holdings in shares of Walmart by 2.1% during the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after purchasing an additional 125 shares during the period. Investment Advisory Group LLC lifted its holdings in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares during the period. Jag Capital Management LLC grew its position in shares of Walmart by 1.4% in the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after buying an additional 132 shares during the last quarter. Professional Financial Advisors LLC increased its stake in shares of Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after buying an additional 137 shares during the period. Finally, Inspire Advisors LLC lifted its stake in shares of Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after acquiring an additional 137 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was 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. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 15th. KeyCorp boosted their target price on shares of Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets upped their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup lifted their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Roth Mkm upped their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $91.51.

Walmart Price Performance

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

Walmart (NYSE:WMT) last released its earnings results 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 return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the business posted $0.51 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.43 EPS for the current year.

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.