Financial Counselors Inc. Sells 7,502 Shares of Walmart Inc. (NYSE:WMT)

Financial Counselors Inc. lessened its position in Walmart Inc. (NYSE:WMT) by 0.8% in the third quarter, Holdings Channel.com reports. The firm owned 933,512 shares of the retailer’s stock after selling 7,502 shares during the quarter. Walmart comprises 1.1% of Financial Counselors Inc.’s portfolio, making the stock its 14th biggest holding. Financial Counselors Inc.’s holdings in Walmart were worth $75,381,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WMT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Walmart by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 23,273,933 shares of the retailer’s stock worth $1,879,370,000 after purchasing an additional 228,121 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Walmart by 1.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,453,738 shares of the retailer’s stock worth $117,389,000 after buying an additional 25,780 shares during the period. Fiduciary Trust Co grew its holdings in Walmart by 0.8% during the 3rd quarter. Fiduciary Trust Co now owns 127,899 shares of the retailer’s stock worth $10,328,000 after acquiring an additional 996 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Walmart by 4.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,900,850 shares of the retailer’s stock valued at $153,494,000 after acquiring an additional 82,106 shares during the period. Finally, BBR Partners LLC raised its stake in shares of Walmart by 38.2% during the third quarter. BBR Partners LLC now owns 67,398 shares of the retailer’s stock valued at $5,442,000 after acquiring an additional 18,636 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $91.87 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a 50-day moving average of $82.81 and a 200-day moving average of $74.48. The company has a market cap of $738.47 billion, a PE ratio of 37.65, a P/E/G ratio of 4.33 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $92.25.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company 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 firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. On average, equities research analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. TD Cowen boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Guggenheim raised their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group raised their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America raised their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird raised their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

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.