CFS Investment Advisory Services LLC Sells 48,227 Shares of Walmart Inc. (NYSE:WMT)

CFS Investment Advisory Services LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 49.3% during the third quarter, HoldingsChannel reports. The firm owned 49,597 shares of the retailer’s stock after selling 48,227 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Walmart were worth $4,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Trust N.A. grew its holdings in Walmart by 1.4% during the third quarter. Raymond James Trust N.A. now owns 601,374 shares of the retailer’s stock valued at $48,561,000 after purchasing an additional 8,348 shares during the period. AlphaCore Capital LLC lifted its position in shares of Walmart by 4.0% during the 3rd quarter. AlphaCore Capital LLC now owns 70,990 shares of the retailer’s stock valued at $5,732,000 after buying an additional 2,741 shares during the last quarter. First County Bank CT grew its stake in shares of Walmart by 1.5% during the 3rd quarter. First County Bank CT now owns 13,014 shares of the retailer’s stock worth $1,051,000 after acquiring an additional 190 shares during the period. 49 Wealth Management LLC raised its stake in Walmart by 27.0% in the 3rd quarter. 49 Wealth Management LLC now owns 11,156 shares of the retailer’s stock valued at $901,000 after acquiring an additional 2,371 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in Walmart by 16.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 345,418 shares of the retailer’s stock valued at $29,302,000 after acquiring an additional 47,878 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Roth Mkm increased their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Guggenheim lifted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Piper Sandler upped their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $91.49.

Insider Transactions at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of WMT stock opened at $88.32 on Friday. The company has a market capitalization of $709.94 billion, a P/E ratio of 36.25, a PEG ratio of 4.33 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $88.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85. The stock has a 50 day moving average price of $81.92 and a two-hundred day moving average price of $73.54.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the business posted $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

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.