Cullen Investment Group LTD. Acquires 2,356 Shares of Walmart Inc. (NYSE:WMT)

Cullen Investment Group LTD. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 327,357 shares of the retailer’s stock after buying an additional 2,356 shares during the period. Walmart accounts for approximately 4.4% of Cullen Investment Group LTD.’s holdings, making the stock its 4th largest holding. Cullen Investment Group LTD.’s holdings in Walmart were worth $29,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tealwood Asset Management Inc. lifted its stake in Walmart by 12.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 6,492 shares of the retailer’s stock valued at $587,000 after buying an additional 738 shares in the last quarter. Grandview Asset Management LLC acquired a new position in shares of Walmart during the fourth quarter valued at approximately $2,347,000. Dale Q Rice Investment Management Ltd acquired a new position in shares of Walmart during the fourth quarter valued at approximately $202,000. TPG Financial Advisors LLC purchased a new position in shares of Walmart in the fourth quarter valued at approximately $226,000. Finally, Traveka Wealth LLC boosted its stake in shares of Walmart by 40.0% in the fourth quarter. Traveka Wealth LLC now owns 11,069 shares of the retailer’s stock worth $1,000,000 after acquiring an additional 3,160 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 138,347 shares of company stock valued at $12,311,491 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.7 %

Shares of NYSE WMT opened at $91.39 on Tuesday. The stock has a fifty day simple moving average of $90.56 and a 200-day simple moving average of $80.80. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $734.17 billion, a PE ratio of 37.51, a PEG ratio of 4.47 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank of Canada raised their price objective on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Evercore ISI increased their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Robert W. Baird boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial increased their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.08.

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.