Cullinan Associates Inc. Has $71.96 Million Stock Position in Walmart Inc. (NYSE:WMT)

Cullinan Associates Inc. decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 34.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 796,400 shares of the retailer’s stock after selling 421,121 shares during the period. Walmart makes up approximately 4.6% of Cullinan Associates Inc.’s investment portfolio, making the stock its 5th biggest position. Cullinan Associates Inc.’s holdings in Walmart were worth $71,955,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Tempus Wealth Planning LLC lifted its stake in Walmart by 1.8% during the fourth quarter. Tempus Wealth Planning LLC now owns 24,489 shares of the retailer’s stock worth $2,213,000 after purchasing an additional 428 shares during the last quarter. Flavin Financial Services Inc. bought a new stake in Walmart during the fourth quarter worth about $3,539,000. First Dallas Securities Inc. lifted its stake in Walmart by 0.4% during the fourth quarter. First Dallas Securities Inc. now owns 29,536 shares of the retailer’s stock worth $2,669,000 after purchasing an additional 125 shares during the last quarter. Calamos Wealth Management LLC lifted its stake in Walmart by 0.3% during the fourth quarter. Calamos Wealth Management LLC now owns 253,632 shares of the retailer’s stock worth $22,916,000 after purchasing an additional 791 shares during the last quarter. Finally, Patron Partners LLC lifted its stake in Walmart by 7.0% during the fourth quarter. Patron Partners LLC now owns 15,397 shares of the retailer’s stock worth $1,391,000 after purchasing an additional 1,008 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. 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. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $102.47 on Thursday. The firm has a market cap of $823.21 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The firm’s 50 day simple moving average is $93.46 and its 200-day simple moving average is $83.69. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a one year low of $55.85 and a one year high of $102.58.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.51 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Analysts Set New Price Targets

WMT has been the topic of several analyst reports. Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a report on Thursday, November 21st. BMO Capital Markets lifted their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. UBS Group lifted their price objective on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group lifted their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $96.01.

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.