CMG Global Holdings LLC Lowers Position in Walmart Inc. (NYSE:WMT)

CMG Global Holdings LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.2% in the third quarter, Holdings Channel reports. The firm owned 27,077 shares of the retailer’s stock after selling 614 shares during the period. Walmart comprises 1.2% of CMG Global Holdings LLC’s investment portfolio, making the stock its 23rd largest holding. CMG Global Holdings LLC’s holdings in Walmart were worth $2,186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after purchasing an additional 350,881 shares during the period. Jennison Associates LLC increased its holdings in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the last quarter. Raymond James & Associates raised its position in Walmart by 3.0% in the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after purchasing an additional 484,196 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

NYSE WMT opened at $90.44 on Friday. The company has a fifty day moving average of $82.12 and a two-hundred day moving average of $73.75. The company has a market capitalization of $726.94 billion, a PE ratio of 37.11, a P/E/G ratio of 4.20 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $90.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. As a group, analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WMT. Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday. Jefferies Financial Group lifted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Melius Research began coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $91.88.

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.