U.S. Capital Wealth Advisors LLC Sells 3,706 Shares of Garmin Ltd. $GRMN

13 Apr 2026, 06:34 by Doug Wharley · The Cerbat Gem

U.S. Capital Wealth Advisors LLC reduced its stake in shares of Garmin Ltd. (NYSE:GRMN – Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,818 shares of the scientific and technical instruments company’s stock after selling 3,706 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Garmin were worth $6,454,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC lifted its holdings in shares of Garmin by 43.4% during the 3rd quarter. Penserra Capital Management LLC now owns 22,496 shares of the scientific and technical instruments company’s stock worth $5,538,000 after acquiring an additional 6,806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Garmin by 25.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,584 shares of the scientific and technical instruments company’s stock worth $5,314,000 after acquiring an additional 4,437 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Garmin by 4.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 429,030 shares of the scientific and technical instruments company’s stock worth $105,636,000 after acquiring an additional 19,360 shares during the last quarter. Krilogy Financial LLC bought a new stake in shares of Garmin during the 3rd quarter worth $1,519,000. Finally, ARK Investment Management LLC lifted its holdings in shares of Garmin by 10.9% during the 3rd quarter. ARK Investment Management LLC now owns 28,925 shares of the scientific and technical instruments company’s stock worth $7,122,000 after acquiring an additional 2,852 shares during the last quarter. 81.60% of the stock is owned by institutional investors.

Insider Transactions at Garmin

In other Garmin news, EVP Matthew Munn sold 5,275 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $250.97, for a total value of $1,323,866.75. Following the transaction, the executive vice president owned 9,876 shares in the company, valued at approximately $2,478,579.72. The trade was a 34.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas G. Boessen sold 3,487 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $251.66, for a total transaction of $877,538.42. Following the completion of the transaction, the chief financial officer owned 28,049 shares in the company, valued at $7,058,811.34. The trade was a 11.06% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 40,725 shares of company stock valued at $10,213,222. Company insiders own 19.54% of the company’s stock.

Garmin Stock Up 0.1%

Shares of NYSE:GRMN opened at $257.10 on Monday. The stock has a market cap of $49.49 billion, a PE ratio of 29.89, a PEG ratio of 3.08 and a beta of 0.96. The company’s fifty day moving average is $233.60 and its 200 day moving average is $222.08. Garmin Ltd. has a 52 week low of $178.74 and a 52 week high of $261.69.

Garmin (NYSE:GRMN – Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.40. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company earned $2.41 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Sell-side analysts anticipate that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be given a $1.05 dividend. The ex-dividend date is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.6%. Garmin’s payout ratio is presently 41.86%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GRMN. Tigress Financial lifted their price objective on shares of Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Zacks Research upgraded shares of Garmin from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Barclays set a $240.00 target price on shares of Garmin in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $254.00.

Check Out Our Latest Analysis on Garmin

About Garmin

(Free Report)

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.