Walmart Inc (WMT) Shares Sold by Comerica Bank

Comerica Bank lowered its stake in shares of Walmart Inc (NYSE:WMT) by 12.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 471,677 shares of the retailer’s stock after selling 69,128 shares during the period. Comerica Bank’s holdings in Walmart were worth $46,130,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. CSat Investment Advisory L.P. purchased a new position in Walmart in the 2nd quarter valued at approximately $111,000. Amussen Hunsaker Associates LLC purchased a new position in Walmart in the 2nd quarter valued at approximately $152,000. ELM Advisors LLC purchased a new position in Walmart in the 3rd quarter valued at approximately $152,000. Harvest Fund Management Co. Ltd purchased a new position in Walmart in the 3rd quarter valued at approximately $162,000. Finally, Kiley Juergens Wealth Management LLC purchased a new position in Walmart in the 2nd quarter valued at approximately $165,000. 29.42% of the stock is owned by hedge funds and other institutional investors.

In related news, insider John R. Furner sold 9,623 shares of Walmart stock in a transaction on Friday, September 28th. The shares were sold at an average price of $94.04, for a total transaction of $904,946.92. Following the sale, the insider now directly owns 165,402 shares in the company, valued at approximately $15,554,404.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 594,396 shares of Walmart stock in a transaction on Friday, August 17th. The stock was sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $663,250,442.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,199,130 shares of company stock worth $976,228,654 over the last quarter. 51.11% of the stock is owned by company insiders.

Shares of WMT opened at $105.56 on Friday. Walmart Inc has a twelve month low of $81.78 and a twelve month high of $109.98. The firm has a market capitalization of $306.10 billion, a PE ratio of 23.88, a PEG ratio of 4.27 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating 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 period last year, the business earned $1.08 EPS. The company’s revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Walmart Inc will post 4.77 EPS for the current year.

Several brokerages have commented on WMT. Robert W. Baird raised their price target on shares of Walmart to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 16th. Oppenheimer reissued a “neutral” rating and issued a $100.00 price target on shares of Walmart in a research report on Thursday, August 16th. BMO Capital Markets began coverage on shares of Walmart in a research report on Monday, September 17th. They issued an “outperform” rating and a $110.00 price target for the company. Zacks Investment Research raised shares of Walmart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Stifel Nicolaus reissued a “neutral” rating and issued a $95.00 price target on shares of Walmart in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $103.16.

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Walmart 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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