Walmart Inc. (NYSE:WMT) Shares Sold by KFA Private Wealth Group LLC

KFA Private Wealth Group LLC lowered its position in Walmart Inc. (NYSE:WMT) by 27.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,658 shares of the retailer’s stock after selling 2,143 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Walmart were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Legal & General Group Plc increased its stake in shares of Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares during the period. Raymond James & Associates increased its stake in shares of Walmart by 3.0% during the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after acquiring an additional 484,196 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after acquiring an additional 834,005 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 0.5 %

Shares of NYSE:WMT opened at $81.31 on Friday. The firm has a fifty day moving average of $77.90 and a two-hundred day moving average of $69.61. The firm has a market capitalization of $653.59 billion, a P/E ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,337 shares of company stock valued at $958,267,901. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WMT. TD Cowen raised their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada lifted their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. DA Davidson lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Melius Research initiated coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Buy” and an average target price of $82.96.

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.