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

CFS Investment Advisory Services LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 49.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WMT. Price T Rowe Associates Inc. MD raised its holdings in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer's stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Jennison Associates LLC grew its stake in shares of Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock valued at $1,492,200,000 after buying an additional 15,290,936 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Walmart by 284.0% in the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer's stock valued at $669,227,000 after buying an additional 8,225,552 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock valued at $562,280,000 after buying an additional 6,885,106 shares in the last quarter. Finally, BlueSpruce Investments LP grew its stake in shares of Walmart by 186.6% in the first quarter. BlueSpruce Investments LP now owns 10,332,775 shares of the retailer's stock valued at $621,723,000 after buying an additional 6,727,200 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Truist Financial increased their target price on Walmart from $89.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday. Sanford C. Bernstein increased their target price on Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday. TD Cowen increased their target price on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday. Roth Mkm increased their target price on Walmart from $81.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Citigroup raised their price objective on Walmart from $75.00 to $98.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.88.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at $29,765,104.20. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at $312,322,993.92. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

Walmart stock traded up $2.05 during mid-day trading on Friday, hitting $90.44. 23,878,047 shares of the company's stock traded hands, compared to its average volume of 16,882,832. The firm has a 50 day moving average price of $81.92 and a 200 day moving average price of $73.54. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market cap of $726.98 billion, a PE ratio of 37.05, a price-to-earnings-growth 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 $90.91.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

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.