Cumberland Partners Ltd Has $68.45 Million Stock Position in Walmart Inc. (NYSE:WMT)

Cumberland Partners Ltd lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 1.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 757,550 shares of the retailer’s stock after selling 10,277 shares during the quarter. Walmart makes up about 4.8% of Cumberland Partners Ltd’s investment portfolio, making the stock its 2nd biggest position. Cumberland Partners Ltd’s holdings in Walmart were worth $68,445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% during 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 in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the fourth quarter worth about $32,000. Finally, Hara Capital LLC acquired a new position in shares of Walmart during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock valued at $16,403,728 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of Walmart stock opened at $103.90 on Thursday. The stock has a market capitalization of $834.69 billion, a P/E ratio of 42.64, a PEG ratio of 4.39 and a beta of 0.55. The business has a 50 day simple moving average of $95.56 and a two-hundred day simple moving average of $86.17. Walmart Inc. has a 12 month low of $57.60 and a 12 month high of $105.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating 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 firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Bank of America upped their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler increased their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday. Telsey Advisory Group lifted their price objective on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Robert W. Baird increased their price objective on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, TD Cowen raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $101.87.

Walmart Company 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.