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Financial Counselors Inc. acquires 2,542 Walmart Inc. shares (NYSE:WMT)

Financial Counselors Inc. acquires 2,542 Walmart Inc. shares (NYSE:WMT)

According to the most recent Form 13F filing that Financial Counselors Inc. made with the Securities and Exchange Commission, the company increased its stake in Walmart Inc. (NYSE: WMT) by 0.8% during the third quarter of the fiscal year. The investment fund finished the period with 306,722 shares of the retailer’s stock after purchasing an additional 2,542 shares of the company’s stock throughout the quarter. Walmart is the 21st largest client that Financial Counselors Inc. has, and the retail giant is responsible for approximately 1% of the investment portfolio that the company maintains. The most recent disclosure that Financial Counselors Inc. made with the Securities and Exchange Commission revealed that the value of the company’s holdings in Walmart was $39,782,000. This information was provided to the SEC.

In the recent few months, several institutional investors have rebalanced the proportion of the company’s shares they currently own in their portfolios. Price T. Rowe Associates Inc. (MD), an investment management company, increased the proportion of Walmart stock owned by 7.6% during the second quarter. Price T. Rowe Associates Inc., MD, presently holds 23,919,371 shares of the company’s stock, which have a value of $2,908,117,000. This is a direct result of the company purchasing an additional 1,685,320 shares during the most recent fiscal quarter to bring its total number of shares to its current total. During the second quarter, FMR LLC successfully raised the percentage of ownership it holds in Walmart by 5.1%. In the most recent fiscal quarter, FMR LLC increased its holdings in the company’s stock by purchasing an additional 667,747 shares, bringing the total value of its stock holdings to $1,671,369,000. This brings the total number of shares held by the company to 13,747,082. Charles Schwab Investment Management Inc. increased the proportion of Walmart stock owned by 2.9% over the year’s first three months. Charles Schwab Investment Management Inc. now has 10,904,858 shares of the retailer’s stock, which are currently valued at $1,623,951,000, after making a new purchase of 303,726 shares during the most recent quarter. This brings the total number of shares that the company owns to 10,904,858. During the second quarter, Legal & General Group Plc made a 1.6% purchase of additional Walmart stock, bringing the total amount of that company’s shares it owned to 98.4%. Currently, 10,817,611 of the company’s shares are held in the ownership of Legal & General Group Plc. The total value of these shares is 1,315,200,000 dollars. This resulted in an additional 171,950 shares being purchased during the quarter before. And finally, during the second quarter, UBS Asset Management Americas Inc. increased the amount of Walmart stock it owns by 1.1%, bringing the total amount of Walmart stock it owns to a total of 1.9%. Following the acquisition of 66,557 additional shares during the most recent quarter, UBS Asset Management Americas Inc. now holds 6,072,542 shares of the retail company’s stock in its portfolio. At the moment, the total value of the company’s stock holdings is $738,300,000. Institutional investors own the company’s equity 31.27%.

Several brokerages have provided their opinions on WMT as part of their research. MKM Partners raised their target price on Walmart stock from $158.00 to $171.00 and upgraded the company from a “hold” rating to a “buy” rating in a research report published on November 16th. Goldman Sachs Group recommended a price target of $160.00 per share for Walmart stock in a report on the company’s stock released for public consumption on November 16th. According to the findings of a research study conducted by Guggenheim and published on November 17th, the price target determined to be assigned for Walmart shares was $165.00. UBS Group decreased its target price for Walmart’s stock from $170.00 to $168.00. It downgraded the company’s shares from a “buy” recommendation to a “hold” one in a research note published on Friday, January 6th. In a research note published on November 16th, Cowen increased their price target on Walmart stock from $165.00 to $175.00 and rated the company “outperform.” There was one analyst who rated the company as a “sell,” nine analysts who rated it as a “hold,” 18 analysts who rated it as a “buy,” and one analyst who rated it as a “strong buy.” According to information from Bloomberg.com, the stock is currently rated as having a consensus opinion of “Moderate Buy,” It is expected to reach an average price of $160.52 per share shortly.

The price per share of NYSE WMT fell by $0.39 during the lunchtime session on Friday, and it is currently tr.

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