CGN Advisors LLC Purchases 39,573 Shares of Walmart Inc. (NYSE:WMT)

CGN Advisors LLC increased its position in Walmart Inc. (NYSE:WMT) by 205.1% in the 1st quarter, Holdings Channel reports. The firm owned 58,871 shares of the retailer’s stock after buying an additional 39,573 shares during the quarter. CGN Advisors LLC’s holdings in Walmart were worth $3,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Capital Management Inc lifted its position in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter valued at $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the fourth quarter valued at $32,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of Walmart during the fourth quarter valued at $35,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.5 %

Shares of NYSE:WMT traded up $0.99 during trading on Monday, hitting $68.90. 12,421,807 shares of the company’s stock traded hands, compared to its average volume of 18,132,594. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company has a market cap of $554.20 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The company has a 50-day moving average price of $63.41 and a 200-day moving average price of $58.92.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. The Goldman Sachs Group lifted their price target on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a report on Friday, May 17th. Robert W. Baird lifted their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Evercore ISI lifted their price target on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $66.00 to $81.00 in a report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the sale, the executive vice president now owns 658,665 shares in the company, valued at approximately $44,031,755.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the sale, the executive vice president now owns 658,665 shares in the company, valued at approximately $44,031,755.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,493,971 shares of company stock worth $950,549,592. Corporate 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.