Financial Counselors Inc. Has $75.38 Million Stake in Walmart Inc. (NYSE:WMT)

Financial Counselors Inc. decreased its position in Walmart Inc. (NYSE:WMT) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 933,512 shares of the retailer’s stock after selling 7,502 shares during the quarter. Walmart accounts for approximately 1.1% of Financial Counselors Inc.’s holdings, making the stock its 14th largest holding. Financial Counselors Inc.’s holdings in Walmart were worth $75,381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Walmart by 1.0% in 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 valued at $1,879,370,000 after acquiring an additional 228,121 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Walmart by 1.8% in the third quarter. Public Sector Pension Investment Board now owns 1,453,738 shares of the retailer’s stock valued at $117,389,000 after acquiring an additional 25,780 shares during the last quarter. Fiduciary Trust Co increased its position in shares of Walmart by 0.8% in the third quarter. Fiduciary Trust Co now owns 127,899 shares of the retailer’s stock valued at $10,328,000 after acquiring an additional 996 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Walmart by 4.5% in the third 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 last quarter. Finally, BBR Partners LLC increased its position in shares of Walmart by 38.2% in 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. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WMT. Truist Financial lifted their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their price target on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Evercore ISI lifted their price target on Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Citigroup lifted their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Telsey Advisory Group lifted their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.88.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last three months. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.6 %

Shares of WMT stock opened at $91.87 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The stock has a market cap of $738.47 billion, a P/E ratio of 37.65, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. The stock has a 50 day simple moving average of $82.81 and a 200 day simple moving average of $74.48. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $92.25.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $0.51 earnings per share. On average, research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.