Comprehensive Financial Consultants Institutional Inc. Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Comprehensive Financial Consultants Institutional Inc. reduced its holdings in Walmart Inc. (NYSE:WMT) by 5.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 61,028 shares of the retailer’s stock after selling 3,670 shares during the quarter. Walmart accounts for approximately 1.8% of Comprehensive Financial Consultants Institutional Inc.’s portfolio, making the stock its 7th largest position. Comprehensive Financial Consultants Institutional Inc.’s holdings in Walmart were worth $4,928,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Financial Strategies Group Inc. lifted its holdings in Walmart by 10.1% in the third quarter. Financial Strategies Group Inc. now owns 5,818 shares of the retailer’s stock valued at $467,000 after buying an additional 534 shares during the period. AIA Group Ltd lifted its holdings in Walmart by 50.3% in the third quarter. AIA Group Ltd now owns 46,074 shares of the retailer’s stock valued at $3,720,000 after buying an additional 15,423 shares during the period. Reik & CO. LLC acquired a new position in Walmart in the third quarter valued at approximately $218,000. Bensler LLC lifted its holdings in Walmart by 2.8% in the third quarter. Bensler LLC now owns 74,258 shares of the retailer’s stock valued at $5,996,000 after buying an additional 2,032 shares during the period. Finally, Lewis Asset Management LLC lifted its holdings in Walmart by 21.2% in the third quarter. Lewis Asset Management LLC now owns 5,064 shares of the retailer’s stock valued at $409,000 after buying an additional 886 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein started coverage on shares of Walmart in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Citigroup increased their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Oppenheimer increased their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $83.92.

Walmart Stock Up 0.5 %

Walmart stock opened at $83.84 on Friday. The firm has a market capitalization of $673.93 billion, a PE ratio of 43.59, a P/E/G ratio of 4.18 and a beta of 0.51. The company’s 50-day moving average is $80.22 and its 200-day moving average is $71.67. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the business earned $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Walmart 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.