Walmart Inc. (NYSE:WMT) is Comprehensive Financial Consultants Institutional Inc.’s 7th Largest Position

Comprehensive Financial Consultants Institutional Inc. reduced its stake in Walmart Inc. (NYSE:WMT) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,243 shares of the retailer’s stock after selling 2,785 shares during the period. Walmart accounts for about 1.9% 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 $5,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brophy Wealth Management LLC purchased a new position in Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire grew its position in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares during the last quarter. Iowa State Bank increased its holdings in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares during the period. Fisher Asset Management LLC raised its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Walmart during the 3rd quarter worth $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on WMT shares. Evercore ISI lifted their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Roth Mkm upped their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Robert W. Baird upped their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, KeyCorp lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.11.

Walmart Stock Performance

Shares of WMT opened at $97.97 on Monday. Walmart Inc. has a 12-month low of $55.04 and a 12-month high of $99.00. The stock has a market cap of $787.00 billion, a P/E ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $93.07 and a two-hundred day moving average of $83.19.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. As a group, research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,177 shares of company stock worth $12,649,328 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

About Walmart

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.