Cullen Investment Group LTD. Sells 1,076 Shares of Walmart Inc. (NYSE:WMT)

Cullen Investment Group LTD. lessened its position in shares of Walmart Inc. (NYSE:WMT) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 325,001 shares of the retailer’s stock after selling 1,076 shares during the quarter. Walmart accounts for approximately 3.9% of Cullen Investment Group LTD.’s investment portfolio, making the stock its 4th largest holding. Cullen Investment Group LTD.’s holdings in Walmart were worth $26,244,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Able Wealth Management LLC acquired a new stake in Walmart in the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart in the 4th quarter valued at $32,000. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter valued at $25,000. TruNorth Capital Management LLC raised its position in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. bought a new position in Walmart in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of several research analyst reports. TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Evercore ISI lifted their price objective on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Stifel Nicolaus boosted their target price on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Finally, Melius Research began coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $81.62.

Walmart Stock Up 0.6 %

WMT traded up $0.51 on Friday, hitting $80.94. 11,591,388 shares of the company were exchanged, compared to its average volume of 17,396,678. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. The company has a market cap of $650.62 billion, a PE ratio of 34.64, a PEG ratio of 4.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock’s fifty day moving average is $75.48 and its 200-day moving average is $68.16.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. Walmart’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock worth $958,267,937 over the last 90 days. Company insiders own 45.58% of the company’s stock.

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.