CMC Financial Group Makes New Investment in Walmart Inc. (NYSE:WMT)

CMC Financial Group purchased a new position in Walmart Inc. (NYSE:WMT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,078 shares of the retailer’s stock, valued at approximately $270,000. Walmart comprises approximately 0.6% of CMC Financial Group’s investment portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC grew its holdings in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Walmart during the fourth quarter valued at $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the fourth quarter valued at $41,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Walmart by 40.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock valued at $47,000 after buying an additional 150 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock valued at $12,833,664 over the last quarter. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. KeyCorp raised their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.16.

Walmart Trading Down 0.5%

WMT stock opened at $97.46 on Friday. Walmart Inc. has a 52-week low of $65.64 and a 52-week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company’s 50-day simple moving average is $94.71 and its 200-day simple moving average is $93.84. The firm has a market cap of $779.77 billion, a P/E ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is currently 40.17%.

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.