Cypress Capital Group Has $12.79 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Cypress Capital Group raised its holdings in Walmart Inc. (NYSE:WMT) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,505 shares of the retailer’s stock after purchasing an additional 2,567 shares during the quarter. Walmart accounts for approximately 1.6% of Cypress Capital Group’s investment portfolio, making the stock its 13th biggest position. Cypress Capital Group’s holdings in Walmart were worth $12,785,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Coyle Financial Counsel LLC boosted its holdings in shares of Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after acquiring an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. boosted its holdings in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after acquiring an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC boosted its holdings in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after acquiring an additional 106 shares in the last quarter. Scarborough Advisors LLC boosted its holdings in shares of Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after acquiring an additional 109 shares in the last quarter. Finally, Dakota Community Bank & Trust NA raised its position in Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the transaction, the executive vice president now owns 460,672 shares in the company, valued at $44,293,612.80. The trade was a 2.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares in the company, valued at $344,972,046.65. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,777 shares of company stock worth $17,657,316. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. KeyCorp raised their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Wells Fargo & Company raised their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada lowered their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Truist Financial raised their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. raised their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $103.07.

Walmart Stock Performance

Shares of Walmart stock opened at $94.74 on Wednesday. The firm has a market capitalization of $761.04 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The business has a 50-day simple moving average of $96.08 and a 200 day simple moving average of $88.03.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Walmart 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.