KMG Fiduciary Partners LLC Sells 403 Shares of Walmart Inc. (NYSE:WMT)

KMG Fiduciary Partners LLC lessened its position in Walmart Inc. (NYSE:WMTGet Rating) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,338 shares of the retailer’s stock after selling 403 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Walmart were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WMT. Transcend Capital Advisors LLC grew its stake in shares of Walmart by 5.0% during the first quarter. Transcend Capital Advisors LLC now owns 17,829 shares of the retailer’s stock valued at $2,655,000 after buying an additional 855 shares during the last quarter. Matisse Capital grew its stake in shares of Walmart by 4.4% during the first quarter. Matisse Capital now owns 3,539 shares of the retailer’s stock valued at $527,000 after buying an additional 150 shares during the last quarter. Marietta Wealth Management LLC grew its stake in shares of Walmart by 2.6% during the first quarter. Marietta Wealth Management LLC now owns 52,105 shares of the retailer’s stock valued at $7,759,000 after buying an additional 1,311 shares during the last quarter. Family Legacy Inc. grew its stake in shares of Walmart by 0.9% during the first quarter. Family Legacy Inc. now owns 22,838 shares of the retailer’s stock valued at $3,401,000 after buying an additional 194 shares during the last quarter. Finally, Asset Dedication LLC grew its stake in shares of Walmart by 2.7% during the first quarter. Asset Dedication LLC now owns 27,479 shares of the retailer’s stock valued at $4,081,000 after buying an additional 718 shares during the last quarter. Institutional investors own 31.26% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $135.63, for a total value of $1,316,696.04. Following the completion of the sale, the chief executive officer now owns 1,497,747 shares of the company’s stock, valued at approximately $203,139,425.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Alice L. Walton sold 931,768 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $140.03, for a total transaction of $130,475,473.04. Following the completion of the sale, the insider now owns 285,607,867 shares of the company’s stock, valued at approximately $39,993,669,616.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $135.63, for a total transaction of $1,316,696.04. Following the sale, the chief executive officer now directly owns 1,497,747 shares of the company’s stock, valued at approximately $203,139,425.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,142,416 shares of company stock valued at $295,973,941. Company insiders own 47.06% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $134.77 on Thursday. Walmart Inc. has a twelve month low of $117.27 and a twelve month high of $160.77. The firm has a market cap of $365.80 billion, a P/E ratio of 26.90, a PEG ratio of 4.15 and a beta of 0.52. The company has a 50 day moving average of $132.49 and a 200 day moving average of $136.19. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMTGet Rating) last posted its earnings results on Tuesday, August 16th. The retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.17. Walmart had a net margin of 2.36% and a return on equity of 18.95%. The business had revenue of $152.86 billion during the quarter, compared to the consensus estimate of $149.96 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 5.85 EPS for the current fiscal year.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. Truist Financial raised their price objective on Walmart from $117.00 to $134.00 in a research note on Wednesday, August 17th. Royal Bank of Canada raised their target price on Walmart from $135.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. DA Davidson raised their target price on Walmart from $148.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Morgan Stanley raised their target price on Walmart from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 18th. Finally, Citigroup raised their target price on Walmart from $152.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $151.41.

About Walmart

(Get Rating)

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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

Featured Stories

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.