KFG Wealth Management LLC grew its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 37.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,156 shares of the retailer’s stock after acquiring an additional 1,946 shares during the quarter. Walmart comprises about 0.7% of KFG Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. KFG Wealth Management LLC’s holdings in Walmart were worth $1,125,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. GW Henssler & Associates Ltd. increased its stake in shares of Walmart by 0.8% in the first quarter. GW Henssler & Associates Ltd. now owns 126,558 shares of the retailer’s stock valued at $18,661,000 after purchasing an additional 1,004 shares during the period. Wiley BROS. Aintree Capital LLC increased its position in Walmart by 0.8% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 11,803 shares of the retailer’s stock valued at $1,740,000 after acquiring an additional 94 shares during the period. ZWJ Investment Counsel Inc. raised its stake in Walmart by 7.3% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 4,737 shares of the retailer’s stock valued at $699,000 after acquiring an additional 323 shares in the last quarter. Lodestar Private Asset Management LLC boosted its position in Walmart by 6.2% during the 1st quarter. Lodestar Private Asset Management LLC now owns 3,873 shares of the retailer’s stock worth $571,000 after acquiring an additional 226 shares during the period. Finally, BOS Asset Management LLC bought a new position in shares of Walmart in the fourth quarter worth $503,000. Institutional investors own 33.18% of the company’s stock.
Insider Buying and Selling
In related news, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $159.48, for a total transaction of $159,480.00. Following the completion of the sale, the executive vice president now owns 170,735 shares of the company’s stock, valued at $27,228,817.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP John D. Rainey sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $159.48, for a total transaction of $159,480.00. Following the transaction, the executive vice president now owns 170,735 shares of the company’s stock, valued at $27,228,817.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $159.58, for a total transaction of $1,549,202.64. Following the completion of the sale, the chief executive officer now directly owns 1,480,924 shares of the company’s stock, valued at $236,325,851.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,287,896 shares of company stock worth $662,888,621. Corporate insiders own 46.51% of the company’s stock.
Analysts Set New Price Targets
WMT has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Walmart from $162.00 to $167.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. BNP Paribas assumed coverage on Walmart in a report on Monday, June 12th. They set an “outperform” rating and a $186.00 target price on the stock. Tigress Financial increased their price target on Walmart from $176.00 to $182.00 in a research note on Wednesday, June 7th. StockNews.com started coverage on Walmart in a research note on Thursday, August 17th. They issued a “strong-buy” rating on the stock. Finally, Truist Financial upped their price objective on Walmart from $166.00 to $168.00 and gave the company a “hold” rating in a report on Friday, August 18th. Four research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.17.
Walmart Stock Up 0.0 %
Shares of NYSE WMT traded up $0.08 during mid-day trading on Monday, reaching $162.43. The company had a trading volume of 1,441,536 shares, compared to its average volume of 5,909,579. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.83. The company has a market capitalization of $437.19 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 3.83 and a beta of 0.49. The stock has a fifty day moving average of $160.17 and a two-hundred day moving average of $153.51. Walmart Inc. has a 12-month low of $128.07 and a 12-month high of $165.85.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.15. The firm had revenue of $161.63 billion for the quarter, compared to analyst estimates of $160.22 billion. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.77 EPS. As a group, equities research analysts expect that Walmart Inc. will post 6.44 EPS for the current year.
About Walmart
Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.