Benson Investment Management Company Inc. Has $4.14 Million Stake in Walmart Inc (NYSE:WMT)

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Benson Investment Management Company Inc. lessened its stake in Walmart Inc (NYSE:WMT) by 3.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,920 shares of the retailer’s stock after selling 1,125 shares during the period. Walmart comprises about 3.0% of Benson Investment Management Company Inc.’s holdings, making the stock its 7th biggest position. Benson Investment Management Company Inc.’s holdings in Walmart were worth $4,144,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CHURCHILL MANAGEMENT Corp lifted its stake in shares of Walmart by 53.8% in the third quarter. CHURCHILL MANAGEMENT Corp now owns 68,708 shares of the retailer’s stock valued at $8,154,000 after buying an additional 24,044 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Walmart by 4.8% in the third quarter. Nisa Investment Advisors LLC now owns 560,896 shares of the retailer’s stock valued at $66,567,000 after buying an additional 25,613 shares during the period. Capital Investment Advisory Services LLC lifted its stake in shares of Walmart by 5.9% in the third quarter. Capital Investment Advisory Services LLC now owns 13,486 shares of the retailer’s stock valued at $1,601,000 after buying an additional 755 shares during the period. Renaissance Investment Group LLC bought a new stake in shares of Walmart in the third quarter valued at about $200,000. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Walmart by 30.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 560,599 shares of the retailer’s stock valued at $66,532,000 after buying an additional 132,402 shares during the period. Institutional investors and hedge funds own 30.11% of the company’s stock.

NYSE WMT opened at $120.15 on Friday. The firm has a market cap of $338.95 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 5.12 and a beta of 0.40. The company has a 50 day moving average of $117.18 and a 200-day moving average of $109.21. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $120.71.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The company had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. On average, analysts forecast that Walmart Inc will post 4.92 earnings per share for the current year.

A number of research analysts have commented on the stock. Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $115.00 to $125.00 in a research note on Thursday, August 15th. KeyCorp raised their price target on shares of Walmart from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Bank of America restated a “buy” rating and set a $135.00 price target (up previously from $120.00) on shares of Walmart in a research note on Friday, August 16th. Royal Bank of Canada set a $112.00 price target on shares of Walmart and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, Loop Capital raised their price target on shares of Walmart to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $116.09.

In related news, SVP David Chojnowski sold 3,680 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John R. Furner sold 7,900 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Company insiders own 51.11% of the company’s stock.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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