Walmart Inc. $WMT is Cumberland Partners Ltd’s 2nd Largest Position

Cumberland Partners Ltd reduced its stake in Walmart Inc. (NYSE:WMT) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 729,170 shares of the retailer’s stock after selling 5,631 shares during the period. Walmart accounts for about 4.9% of Cumberland Partners Ltd’s holdings, making the stock its 2nd biggest position. Cumberland Partners Ltd’s holdings in Walmart were worth $71,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of WMT. Brighton Jones LLC lifted its holdings in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after purchasing an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after buying an additional 485 shares during the period. PFG Advisors increased its position in Walmart by 4.2% during the first quarter. PFG Advisors now owns 32,684 shares of the retailer’s stock worth $2,869,000 after buying an additional 1,308 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Walmart by 56.0% in the first quarter. Beacon Investment Advisory Services Inc. now owns 8,425 shares of the retailer’s stock valued at $740,000 after acquiring an additional 3,026 shares during the period. Finally, Teramo Advisors LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $225,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $107.18, for a total value of $2,081,006.88. Following the sale, the chief executive officer directly owned 4,354,162 shares in the company, valued at $466,679,083.16. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,630 shares of Walmart stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $102.58, for a total value of $167,205.40. Following the sale, the executive vice president owned 642,788 shares of the company’s stock, valued at approximately $65,937,193.04. This represents a 0.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 133,888 shares of company stock worth $13,835,383 in the last 90 days. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on WMT shares. Tigress Financial increased their price target on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Wolfe Research initiated coverage on shares of Walmart in a research report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price objective on the stock. Royal Bank Of Canada set a $116.00 price objective on shares of Walmart and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Cowen restated a “buy” rating on shares of Walmart in a research note on Monday, November 10th. Finally, Evercore ISI reiterated an “outperform” rating and set a $111.00 price target (up from $110.00) on shares of Walmart in a research note on Tuesday, October 21st. Thirty analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.46.

Walmart Price Performance

Shares of NYSE:WMT opened at $100.55 on Thursday. The firm has a market capitalization of $801.67 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The business’s 50 day simple moving average is $103.40 and its 200-day simple moving average is $99.80. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $109.57.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $179.50 billion during the quarter, compared to analysts’ expectations of $175.15 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%. As a group, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Company Profile

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.