Comprehensive Financial Consultants Institutional Inc. Sells 3,670 Shares of Walmart Inc. (NYSE:WMT)

Comprehensive Financial Consultants Institutional Inc. decreased its stake in Walmart Inc. (NYSE:WMT) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,028 shares of the retailer’s stock after selling 3,670 shares during the quarter. Walmart makes up about 1.8% of Comprehensive Financial Consultants Institutional Inc.’s holdings, making the stock its 7th biggest position. Comprehensive Financial Consultants Institutional Inc.’s holdings in Walmart were worth $4,928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. WFA Asset Management Corp lifted its stake in Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after acquiring an additional 1,397 shares during the last quarter. Dupont Capital Management Corp lifted its stake in shares of Walmart by 165.4% in the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after purchasing an additional 168,346 shares during the last quarter. Shoker Investment Counsel Inc. lifted its stake in shares of Walmart by 200.2% in the 1st quarter. Shoker Investment Counsel Inc. now owns 4,617 shares of the retailer’s stock valued at $277,000 after purchasing an additional 3,079 shares during the last quarter. AlphaQ Advisors LLC lifted its stake in shares of Walmart by 192.3% in the 1st quarter. AlphaQ Advisors LLC now owns 51,999 shares of the retailer’s stock valued at $3,129,000 after purchasing an additional 34,212 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. lifted its stake in shares of Walmart by 200.0% in the 1st quarter. Peregrine Asset Advisers Inc. now owns 5,970 shares of the retailer’s stock valued at $359,000 after purchasing an additional 3,980 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

Shares of Walmart stock opened at $83.84 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $673.93 billion, a price-to-earnings ratio of 43.59, a P/E/G ratio of 4.18 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54. The firm’s 50-day moving average price is $80.22 and its two-hundred day moving average price is $71.67.

Walmart (NYSE:WMT) last issued 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. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the subject of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Citigroup lifted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Guggenheim lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada boosted their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $83.92.

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.