Cantor Fitzgerald Investment Advisor L.P Has $4.48 Million Position in Walmart Inc. (NYSE:WMT)

Cantor Fitzgerald Investment Advisor L.P grew its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 53.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,062 shares of the retailer’s stock after purchasing an additional 10,521 shares during the quarter. Cantor Fitzgerald Investment Advisor L.P’s holdings in Walmart were worth $4,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at about $28,000. Gibson Wealth Advisors LLC bought a new stake in shares of Walmart during the fourth quarter worth approximately $29,000. Level Financial Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter worth approximately $35,000. James Reed Financial Services Inc. bought a new stake in Walmart in the fourth quarter valued at approximately $35,000. Finally, Concorde Financial Corp bought a new stake in Walmart in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

Shares of Walmart stock opened at $120.69 on Thursday. Walmart Inc. has a 52 week low of $117.27 and a 52 week high of $160.77. The company has a quick ratio of 0.23, a current ratio of 0.86 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $330.83 billion, a P/E ratio of 25.95, a PEG ratio of 3.36 and a beta of 0.50. The company has a 50 day moving average price of $137.13 and a 200 day moving average price of $140.46.

Walmart (NYSE:WMTGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The company had revenue of $141.60 billion during the quarter, compared to analyst estimates of $138.05 billion. During the same period in the prior year, the business posted $1.69 EPS. Walmart’s revenue was up 2.4% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc. will post 6.4 earnings per share for the current fiscal year.

Several research analysts recently commented on WMT shares. BMO Capital Markets reduced their target price on shares of Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 23rd. Wells Fargo & Company decreased their target price on shares of Walmart from $165.00 to $150.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Guggenheim decreased their target price on shares of Walmart from $185.00 to $175.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. Finally, Truist Financial reduced their price target on shares of Walmart from $150.00 to $139.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $157.56.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $125.61, for a total transaction of $1,219,421.88. Following the completion of the transaction, the chief executive officer now directly owns 1,526,864 shares of the company’s stock, valued at $191,789,387.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. 48.44% of the stock is owned by corporate insiders.

Walmart Company Profile (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

Recommended Stories

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.