Ifrah Financial Services Inc. Sells 4,310 Shares of Walmart Inc (WMT)

Ifrah Financial Services Inc. lowered its holdings in Walmart Inc (NYSE:WMT) by 29.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,527 shares of the retailer’s stock after selling 4,310 shares during the period. Ifrah Financial Services Inc.’s holdings in Walmart were worth $989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CSat Investment Advisory L.P. purchased a new position in shares of Walmart in the second quarter worth approximately $111,000. ELM Advisors LLC purchased a new position in shares of Walmart in the third quarter worth approximately $152,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Walmart in the third quarter worth approximately $162,000. MinichMacGregor Wealth Management LLC lifted its stake in Walmart by 56.0% in the third quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock valued at $165,000 after acquiring an additional 629 shares during the last quarter. Finally, Amussen Hunsaker Associates LLC acquired a new stake in Walmart in the second quarter valued at approximately $152,000. 29.37% of the stock is currently owned by institutional investors.

In related news, major shareholder Jim C. Walton sold 2,009,792 shares of the business’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $94.63, for a total transaction of $190,186,616.96. Following the transaction, the insider now owns 10,557,224 shares of the company’s stock, valued at $999,030,107.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John R. Furner sold 9,623 shares of the business’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $94.04, for a total transaction of $904,946.92. Following the transaction, the insider now directly owns 165,402 shares in the company, valued at approximately $15,554,404.08. The disclosure for this sale can be found here. Insiders have sold 10,199,130 shares of company stock worth $976,228,654 in the last ninety days. 51.11% of the stock is currently owned by insiders.

A number of research firms have issued reports on WMT. Morningstar set a $96.00 target price on shares of Walmart and gave the company a “sell” rating in a research note on Thursday, November 8th. Cowen lifted their target price on shares of Walmart from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, October 29th. Credit Suisse Group set a $85.00 target price on shares of Walmart and gave the company a “neutral” rating in a research note on Thursday, August 16th. Guggenheim reiterated a “buy” rating and issued a $110.00 target price on shares of Walmart in a research note on Thursday, August 16th. Finally, Wells Fargo & Co reiterated a “neutral” rating and issued a $95.00 target price on shares of Walmart in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $103.16.

Shares of WMT stock opened at $102.94 on Wednesday. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The firm has a market cap of $307.70 billion, a P/E ratio of 23.29, a P/E/G ratio of 4.28 and a beta of 0.35. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The business had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Walmart’s revenue was up 4.2% compared to the same quarter last year. Analysts predict that Walmart Inc will post 4.77 EPS for the current year.

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Walmart Company 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

Read More: Return on Investment (ROI) Defined, Explained

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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