Walmart Inc. (NYSE:WMT) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New decreased its position in Walmart Inc. (NYSE:WMT) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,525 shares of the retailer’s stock after selling 371 shares during the quarter. Walmart accounts for approximately 0.7% of Cigna Investments Inc. New’s holdings, making the stock its 21st largest position. Cigna Investments Inc. New’s holdings in Walmart were worth $4,023,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter worth $26,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the 4th quarter worth about $27,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walmart during the 3rd quarter valued at about $36,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 0.5 %

Shares of NYSE WMT opened at $102.45 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $103.11. The company has a market cap of $822.98 billion, a price-to-earnings ratio of 42.04, a P/E/G ratio of 4.25 and a beta of 0.55. The business has a fifty day simple moving average of $94.27 and a 200-day simple moving average of $84.59.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Insider Activity at Walmart

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research reports. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research report on Wednesday, January 15th. Citigroup raised their target price on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday. Tigress Financial increased their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Oppenheimer raised their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.08.

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.