Cypress Asset Management Inc. TX Acquires 3,344 Shares of Walmart Inc. (NYSE:WMT)

Cypress Asset Management Inc. TX raised its position in Walmart Inc. (NYSE:WMT) by 189.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,109 shares of the retailer’s stock after purchasing an additional 3,344 shares during the period. Cypress Asset Management Inc. TX’s holdings in Walmart were worth $319,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WMT. Coastline Trust Co boosted its holdings in shares of Walmart by 2.9% in the 4th quarter. Coastline Trust Co now owns 6,325 shares of the retailer’s stock worth $997,000 after purchasing an additional 181 shares during the period. Beacon Financial Advisory LLC boosted its holdings in shares of Walmart by 3.6% in the 4th quarter. Beacon Financial Advisory LLC now owns 2,039 shares of the retailer’s stock valued at $321,000 after buying an additional 70 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in Walmart by 4.3% in the fourth quarter. Integrated Investment Consultants LLC now owns 2,929 shares of the retailer’s stock worth $462,000 after purchasing an additional 122 shares during the last quarter. LVZ Inc. increased its position in Walmart by 5.6% during the 4th quarter. LVZ Inc. now owns 2,630 shares of the retailer’s stock valued at $415,000 after buying an additional 139 shares in the last quarter. Finally, Trust Point Inc. acquired a new stake in Walmart in the 4th quarter worth approximately $3,274,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

NYSE WMT traded down $1.33 during trading hours on Friday, hitting $68.46. 23,578,664 shares of the stock were exchanged, compared to its average volume of 14,048,109. The stock has a 50-day moving average of $68.23 and a 200 day moving average of $62.35. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $71.33. The company has a market cap of $550.66 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 4.02 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial lifted their price objective on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Oppenheimer boosted their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Telsey Advisory Group lifted their target price on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Finally, Evercore ISI boosted their price objective on shares of Walmart from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $71.60.

Insider Transactions at Walmart

In related news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders have sold a total of 14,537,863 shares of company stock worth $954,247,577 in the last three months. 45.58% of the stock is currently owned by company insiders.

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.