Cyrus J. Lawrence LLC Sells 9,000 Shares of Walmart Inc. (NYSE:WMT)

Cyrus J. Lawrence LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 31.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,560 shares of the retailer’s stock after selling 9,000 shares during the period. Cyrus J. Lawrence LLC’s holdings in Walmart were worth $1,324,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC grew its holdings in shares of Walmart by 4.8% in the 4th quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock worth $683,000 after purchasing an additional 197 shares during the last quarter. 9258 Wealth Management LLC boosted its position in Walmart by 1.8% in the fourth quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock valued at $2,045,000 after buying an additional 235 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in Walmart by 58.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock worth $1,033,000 after buying an additional 2,443 shares during the last quarter. Congress Wealth Management LLC DE increased its holdings in shares of Walmart by 81.1% during the fourth quarter. Congress Wealth Management LLC DE now owns 4,832 shares of the retailer’s stock worth $762,000 after buying an additional 2,164 shares in the last quarter. Finally, Sepio Capital LP raised its stake in shares of Walmart by 8.8% in the fourth quarter. Sepio Capital LP now owns 3,555 shares of the retailer’s stock valued at $560,000 after acquiring an additional 288 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now owns 390,165 shares in the company, valued at $26,367,350.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,369,039 shares of company stock worth $959,826,083. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $79.06 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business has a 50-day moving average of $73.44 and a 200-day moving average of $66.87. The stock has a market capitalization of $635.92 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 4.03 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.02.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMT shares. Tigress Financial raised their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Stifel Nicolaus lifted their price target on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Barclays upped their price target on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. UBS Group raised their price objective on shares of Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Roth Mkm increased their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $78.99.

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.