Cornerstone Wealth Group LLC Has $5.53 Million Stake in Walmart Inc. (NYSE:WMT)

Cornerstone Wealth Group LLC cut its position in Walmart Inc. (NYSE:WMT) by 38.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,207 shares of the retailer’s stock after selling 37,951 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Walmart were worth $5,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dakota Community Bank & Trust NA grew its stake in shares of Walmart by 4.0% in the fourth 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. Kozak & Associates Inc. grew its position in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after buying an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its stake in shares of Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the period. Lowe Wealth Advisors LLC raised its position in shares of Walmart by 13.5% during the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after acquiring an additional 121 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its stake in shares of Walmart by 0.9% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 13,903 shares of the retailer’s stock worth $1,256,000 after acquiring an additional 121 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Bank of America increased their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. KeyCorp boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Barclays increased their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research note on Thursday, November 21st. Finally, Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Price Performance

Walmart stock opened at $97.36 on Wednesday. Walmart Inc. has a 52 week low of $54.51 and a 52 week high of $97.84. The company’s 50 day moving average price is $92.29 and its two-hundred day moving average price is $82.49. The stock has a market cap of $782.16 billion, a P/E ratio of 39.96, a P/E/G ratio of 4.42 and a beta of 0.55. 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 (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

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.