Walmart Inc. (NYSE:WMT) is Cullen Investment Group LTD.’s 4th Largest Position

Cullen Investment Group LTD. lifted its holdings in Walmart Inc. (NYSE:WMT) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 327,357 shares of the retailer’s stock after buying an additional 2,356 shares during the quarter. Walmart makes up about 4.4% of Cullen Investment Group LTD.’s portfolio, making the stock its 4th biggest position. Cullen Investment Group LTD.’s holdings in Walmart were worth $29,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the third quarter worth approximately $26,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP purchased a new position in Walmart during the 3rd quarter worth $33,000. Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the 3rd quarter worth $36,000. Finally, Hara Capital LLC purchased a new stake in shares of Walmart in the 3rd quarter worth $37,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BMO Capital Markets lifted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. UBS Group upped their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI lifted their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a report on Thursday, November 21st. Finally, Morgan Stanley lifted their price target on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.08.

Insider Activity

In other news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,347 shares of company stock valued at $12,311,491 in the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

WMT opened at $91.39 on Tuesday. 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 12-month low of $53.44 and a 12-month high of $96.18. The firm has a 50 day moving average of $90.56 and a two-hundred day moving average of $80.80. The firm has a market capitalization of $734.17 billion, a PE ratio of 37.51, a P/E/G ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $167.69 billion. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.47 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.